PE Firms Sell Music Wholesaler To Rival, Forming Powerhouse

Law360, New York (September 5, 2013, 12:45 PM EDT) -- A pair of California private equity firms unloaded CD and DVD distributor Alliance Entertainment LLC to rival music and video wholesaler Super D in a deal that will spawn an industry goliath with annual sales topping out around $1 billion, they said Thursday.

The Gores Group LLC and Platinum Equity LLC, investment firms controlled by the Gores brothers, did not disclose the sale's financial terms or give a financing breakdown. The transaction gives them an exit three years after they paid $85 million for Florida-based Alliance,...
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