Lee, Bain Make 2X Money With Warner Music Investment
Warner Music was a very good deal for Thomas H. Lee and Bain Capital. Today, Access Industries agreed to buy Warner Music in a $3.3 billion deal. Access beat out a bid from Tom and Alec Gores’ Platinum Equity/Gores Group. Access also trumped an offer from Sony which partnered with Guggenheim Partners and investor Ron Perelman. The deal may not be done; the Gores brothers are reportedly considering boosting their offer for Warner.
6 May 2011•2 mins read
