Nettwerk Music Group Announces $300 Million Buyout in Partnership With Create
Long-running Canadian powerhouse Nettwerk Music Group has announced a management buyout from its existing investors, supported by Create Music Group. The transaction is expected to close this month.
As part of the proposed agreement, Create Capital will invest over $300 million into Nettwerk on closing and will provide access to substantial follow-on capital and support services thereafter, according to the announcement. “This investment will allow the Nettwerk management team to increase its ownership stake while enabling Nettwerk to retain its identity and independence in the market,” it continues. “Nettwerk will continue to serve its current roster of talented artists [and] remain committed to signing and nurturing new talent.”
The Nettwerk leadership team will continue to manage day-to-day operations, signings and artist development efforts, with support from Create’s platform.
Nettwerk was co-founded over 40 years ago by Terry McBride and his longtime business partner Mark Jowett. McBride, whose early career in artist management for acts including Coldplay and Avril Lavigne, grew the company into a record label and publisher. Today, Nettwerk’s roster includes Paris Paloma, Passenger, Leisure, SYML, Mon Rovîa and many more.
The partnership with Create Music Group provides Nettwerk with access to infrastructure, global distribution networks and label services. In addition, Create Capital will offer Nettwerk access to follow-on financing to support the company’s continued growth and investment in its frontline operations.
“We’re excited about this next chapter in Nettwerk’s journey,” said Terry McBride, co-founder and CEO of Nettwerk. “Partnering with Create allows us to continue to build on our foundation, grow our capabilities, and provide even more value to the artists we represent — while staying true to our roots as an artist-focused, independent Canadian label.”
“Terry and his team at Nettwerk have built one of the most enduring and influential independent music companies in the modern era,” said Create Music Group CEO and co-founder Jonathan Strauss. “We are excited to put all of the resources at our disposal behind Terry and his management team to fuel Nettwerk’s continued global growth.”
As part of the proposed agreement, Create Capital will invest over $300 million into Nettwerk on closing and will provide access to substantial follow-on capital and support services thereafter, according to the announcement. “This investment will allow the Nettwerk management team to increase its ownership stake while enabling Nettwerk to retain its identity and independence in the market,” it continues. “Nettwerk will continue to serve its current roster of talented artists [and] remain committed to signing and nurturing new talent.”
The Nettwerk leadership team will continue to manage day-to-day operations, signings and artist development efforts, with support from Create’s platform.
Nettwerk was co-founded over 40 years ago by Terry McBride and his longtime business partner Mark Jowett. McBride, whose early career in artist management for acts including Coldplay and Avril Lavigne, grew the company into a record label and publisher. Today, Nettwerk’s roster includes Paris Paloma, Passenger, Leisure, SYML, Mon Rovîa and many more.
The partnership with Create Music Group provides Nettwerk with access to infrastructure, global distribution networks and label services. In addition, Create Capital will offer Nettwerk access to follow-on financing to support the company’s continued growth and investment in its frontline operations.
“We’re excited about this next chapter in Nettwerk’s journey,” said Terry McBride, co-founder and CEO of Nettwerk. “Partnering with Create allows us to continue to build on our foundation, grow our capabilities, and provide even more value to the artists we represent — while staying true to our roots as an artist-focused, independent Canadian label.”
“Terry and his team at Nettwerk have built one of the most enduring and influential independent music companies in the modern era,” said Create Music Group CEO and co-founder Jonathan Strauss. “We are excited to put all of the resources at our disposal behind Terry and his management team to fuel Nettwerk’s continued global growth.”