Spirit Music Group Loses its CEO as Two Executives Successfully Complete Recapitalization

Two music executives have efficiently led a buyout and recapitalization Spirit Music Group.

Spirit Music Group, an unbiased writer, has introduced a recapitalization led by its Chief Operating Officer, Jon Singer.

The writer is now wholly owned by Lyric Capital Group.  This means Spirit will stay an unbiased writer.  Jon Singer and prime govt Ross Cameron will now lead the corporate.

Singer will now turn into Chairman Spirit Music Group and Managing Partner Lyric Capital Group.  Cameron will proceed in “an govt position” on the firm and also will turn into a Partner at Lyric.  He most just lately served as Vice President Acquisitions and Business Development.

According to a separate report, as half the deal, David Renzer, Spirit’s CEO and Chairman, has left the corporate.

Lyric secured over $350 million to recapitalize the unbiased writer’s catalog together with future acquisitions.  Eaton Partners, a Stifel firm, acted as an unique monetary advisor to Lyric.

Spirit’s portfolio consists over 200 #1 Billboard hits and greater than 450 Top 10 songs.  Artists embrace Chicago, Eminem, Sam Hunt, Jay Z, Madonna, Scotty McCreery, Tim McGraw, Elvis Presley, Ed Sheeran, Blake Shelton, Frank Sinatra, Taylor Swift, The Who, and Whitney Houston.

Notable songwriters and author/artists embrace James Bay, John Barrett, Alan and Marilyn Bergman, Big Data, Marc Bolan, T Bone Burnett, Jonny Cfer, Zach Crowell, Rami Dawod, Henry Mancini, Matt & Kim, Johnny McDaid, The Marshall Tucker Band, Graham Nash, John Newman, Rick Nowels, David Paich, Doc Pomus, Frank Rogers, Boz Scaggs, Billy Squier, Pete Townshend, and Greg Wattenberg, together with the works newer artists together with Dagny and Tim Montana.

Spirit manages copyrights and in addition serves as a royalty administrator and promoter its songs into movie, tv, and promoting productions.

Pegasus Capital Advisors beforehand served as the bulk proprietor Spirit Music Group.

Stating the indie writer stays “well-position for progress,” Singer defined,

We’re privileged to have main institutional traders on board, offering us with extra capital to develop.  I’m very excited to serve the unbelievable songwriters that make up the Spirit household throughout this thrilling time.