{"id":37067,"date":"2023-11-25T11:08:49","date_gmt":"2023-11-25T11:08:49","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/performing-rights-organization-bmi-being-sold-to-new-mountain-capital\/"},"modified":"2023-11-25T11:08:50","modified_gmt":"2023-11-25T11:08:50","slug":"performing-rights-organization-bmi-being-sold-to-new-mountain-capital","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=37067","title":{"rendered":"Performing rights organization BMI being sold to New Mountain Capital"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002759228\">\n<div class=\"snippet__body\">\n<p>Broadcast Music Inc. (BMI), the largest performing-rights organization in the world, has agreed to be acquired by New Mountain Capital for an undisclosed sum. Affiliates of BMI will receive $100 million of sale proceeds, the company said. BMI Chief Executive Mike O\u2019Neill will continue to lead the company. \u201cWe are excited about the many ways New Mountain will accelerate our growth plan,\u201d O\u2019Neill said in a statement. The deal, which was announced Tuesday, is expected to close by March 30. Goldman Sachs &amp; Co. LLC was BMI\u2019s financial adviser on the deal, while Moelis &amp; Co. advised New Mountain.<\/p>\n<p>&#8230;<\/p>\n<div id=\"cx-snippet\">\n<div class=\"snippet__roadblock\">\n<p><h3 class=\"headline_1\">\n              Master your money.<br \/>\n            <\/h3>\n<h3 class=\"headline_2\">\n              Subscribe to MarketWatch.<br \/>\n            <\/h3>\n<\/p>\n<p><h4 class=\"subheadline_1\">\n              Get this article and all of MarketWatch.<br \/>\n            <\/h4>\n<h4 class=\"subheadline_2\">\n              Access from any device. Anywhere. Anytime.<br \/>\n            <\/h4>\n<\/p>\n<p>             Subscribe Now<\/p>\n<p class=\"snippet__roadblock_sign_in_text\">\n            Already a subscriber?<\/p>\n<p>              Log In<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/performing-rights-organization-bmi-being-sold-to-new-mountain-capital-475234eb?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Broadcast Music Inc. (BMI), the largest performing-rights organization in the world, has agreed to be acquired by New Mountain Capital for an undisclosed sum. Affiliates of BMI will receive $100 million of sale proceeds, the company said. BMI Chief Executive Mike O\u2019Neill will continue to lead the company. \u201cWe are excited about the many ways<\/p>\n","protected":false},"author":1,"featured_media":35580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-37067","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Performing rights organization BMI being sold to New Mountain Capital | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"Broadcast Music Inc. 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