Warner Music Acquires Francesco Bontempi and Extravaganza Publishing
Deal News | Jan 13, 2025 | Finance Community IT - 1 Corporate M&A
Warner Music Italia and Warner Chappell Music Italiana have completed the strategic acquisition of Francesco Bontempi and Extravaganza Publishing, expanding their catalog of Italian Italo Disco hits. The acquisition includes notable tracks such as 'The Rhythm of the Night' by Corona and 'Baila' by Zucchero, enhancing Warner Music’s portfolio of European genre music. PwC Business Services played a critical advisory role in the acquisition, handling financial due diligence with a team led by partner Ignazio Cirillo and financial analyst Sara Romani. Additionally, PwC TLS oversaw the tax assessments, while Studio Mondini Bonora Ginevra provided legal analysis concerning corporate and intellectual property rights, ensuring a comprehensive evaluation of the discography involved.
Sectors
- Music & Entertainment
- Corporate Finance
- Legal Advisory
Geography
- Italy – The acquisition involves Italian companies and music catalogs, highlighting the regional focus of Warner Music's expansion efforts.
Industry
- Music & Entertainment – This sector is involved as Warner Music Italia and Warner Chappell Music Italiana, both part of the global music industry, acquired catalogs containing popular music tracks.
- Corporate Finance – Involves the financial analysis and due diligence carried out by PwC Business Services in the transaction.
- Legal Advisory – Studio Mondini Bonora Ginevra provided legal advisory on corporate and intellectual property rights, pertinent to the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Warner Music Italia | Acquirer | Company | Subsidiary of Warner Music Group engaged in the acquisition of music catalogs. |
| Warner Chappell Music Italiana | Acquirer | Company | Warner Music Italia's publishing arm responsible for acquiring Extravaganza Publishing. |
| Francesco Bontempi | Target | Company | Holder of DWA Records' music catalog. |
| Extravaganza Publishing | Target | Company | Includes a significant catalog of Italo Disco tracks. |
| PwC Business Services | Financial Advisor | Company | Conducted financial due diligence for Warner Music's acquisition. |
| PwC TLS | Tax Advisor | Company | Handled the tax analysis part of the acquisition. |
| Studio Mondini Bonora Ginevra | Legal Advisor | Company | Provided legal advice on corporate and intellectual property matters. |