Ontario Teachers’ buys CEO stake in music publisher Ole

Music publisher Ole said its founder and CEO, Robert Ott, has sold his stake in the company to Ontario Teachers’ Pension Plan. No financial terms were disclosed. Launched in 2004 with the backing of Ontario Teachers', Ole manages the rights of more than $550 million in music intellectual property. The catalogue of the Toronto-based business includes more than 55,000 songs and 60,000 hours of TV and film music across a range of genres. Ziad Hindo, senior managing director, capital markets, at Ontario Teachers', said the pension fund plans to further support the growth of the "iconic, Canadian-based company."

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