Bertelsmann secures €1.1 bln Apollo equity investment in BMG-Concord deal

Bertelsmann SE & Co KGaA

01/09/2026 16:40

Sept 1 (Reuters) - Bertelsmann BTGGg.F said on Tuesday it would secure about €1.1 billion ($1.28 billion) in equity capital from asset manager Apollo as part of the completed combination with Great Mountain Partners of music companies BMG and Concord. 
The transaction, first announced by the German media group in April, has received all required competition approvals and took effect on Sept. 1.

• Apollo acquires minority interest in part of BMG's rights portfolio.
• Proceeds to help refinance and repay outstanding BMG-Concord ABS liabilities.
• Bertelsmann to hold 67% of combined company, Great Mountain Partners to hold 33%.
• Combined group expects pro forma 2026 revenue of $2.2 billion and adjusted EBITDA of $730 million.

($1 = 0.8626 euros)

 (Reporting by Basile Day in Gdansk, editing by Matt Scuffham)
 ((Basile.Day@thomsonreuters.com))