has sold substantially all of its music copyright assets to
The undersigned acted as financial advisor to the seller, CarVal Investors LLC, in connection with the transaction.
Crosstown Songs
Signal Hill advises CarVal Investors Signal Hill Capital acted as financial advisor to CarVal Investors in connection with its sale of substantially all of the music copyright assets of Crosstown Songs to BMG Rights Management, a joint venture between Bertelsmann AG & Kohlberg Kravis Roberts & Co. BMG will acquire the rights to over 10,000 songs, including new copyrights featured on some of the top-selling albums of the past two years. The acquired assets represent a catalog of diverse, seasoned rights as well as a strong pipeline of new content created through partnerships with well-established writers.
