Interpath advises on the sale of Cinram Novum, one of many UK’s largest music and movie success and distribution firms, to Utopia Distribution Companies.
Cinram Novum Restricted, one of many UK’s largest music and movie success and distribution firms, has been bought to Utopia Distribution Companies Restricted. Cinram Novum has supplied provide chain options within the residence leisure business for over 40 years for globally acknowledged manufacturers. The transaction secures a complete of 300 jobs at Cinram Novum.
“The lack of Cinram Novum would have been detrimental to your entire UK Music Business, leading to monetary losses and disruption for labels, retailers, artists, and their followers,” says Roberto Neri, Chief Working Officer at Utopia Music. “By this acquisition, our intention is that Utopia can safe Cinram’s future and safeguard the UK Music Business. We wish to prolong our due to the Interpath group for his or her laborious work and steering, which helped make this potential.”
Interpath is an unbiased monetary advisory agency with a broad vary of specializations. The group advises firms, lenders, fairness holders, and a variety of different stakeholders corresponding to authorities regulators and pension trustees. Interpath’s aim is to assist navigate the problems and alternatives related to financial disruption and overcome monetary and operational challenges.
“We’re delighted to have delivered this transaction which secures the way forward for the Cinram Novum enterprise, offering a brand new platform on which it will probably transfer ahead,” provides Rick Harrison, managing director at Interpath Advisory. “We wish to thank the groups at Cinram and Utopia, in addition to music labels and different prospects throughout the leisure business, for his or her great help in the course of the gross sales course of. We want Utopia each success for the long run.”
Utopia Distribution Companies Restricted had been suggested by Rob Russell and Vivak Vaish of DLA Piper, whereas Interpath had been suggested by Bethan Moore and Lizzy Wooden of Shoosmiths.