Blackstone and investment partners have acquired a majority stake in Citrin Cooperman, a prominent music IP valuation firm, in a deal reportedly worth $2 billion. The transaction gives the Blackstone-led group over two-thirds ownership of the company, though Blackstone's individual stake remains under 50% to avoid regulatory complications.

Citrin Cooperman, established 46 years ago, serves over 15,000 global clients with tax, advisory, and accounting services. The firm gained significant prominence in the music industry after acquiring Massarsky Consulting in January 2022, becoming a key player in song rights valuations, notably for Hipgnosis Songs Fund (HSF).

The acquisition represents a strategic move for Blackstone, which recently completed its $1.6 billion purchase of HSF in July 2024. Following that acquisition, HSF launched a $1.5 billion ABS in November 2024, partially aimed at funding future song-rights acquisitions.

Alan Badey, Citrin's CEO, emphasized that Blackstone's investment will support the company's growth trajectory, specifically mentioning plans to expand service offerings and enhance technology infrastructure while maintaining their commitment to client service excellence.

This deal reflects the broader trend of private equity investment in the music sector, with other notable movements including potential sales of Vivid Seats and SESAC. The transaction follows New Mountain Capital's acquisition of BMI last year, demonstrating continued investor interest in music-related assets.

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