[Editor Charlie sez: Insightful interview with great indie publisher Jon Singer of Spirit Music.]
I’ll never forget. My bankers who helped me, when we closed [the Spirit deal], said, ‘Singer, you’re a crazy motherfucker.’”
Spirit Music Group boss Jon Singer candidly recalls the moment his $350 million recapitalization and buyout of the independent publisher was confirmed.
The exec tells MBW that he was given 60 days to close the deal after he told the company’s former owners – a private equity firm – that he wanted to buy it.
Singer and business partner Ross Cameron subsequently pulled off one of the boldest management buyouts in recent music business history.