RSM’s transaction services team provided vendor due diligence on the sale of Ministry of Sound Recordings Limited (the recorded music business of Ministry of Sound) to Sony Music Entertainment UK Limited.
Ministry of Sound Recordings was launched in 1993 as an extension of the pioneering South London nightclub founded by James Palumbo, now Lord Palumbo of Southwark. It is among the world’s largest dance music recording businesses, with cumulative album sales in excess of 70 million. Sony Music Entertainment has acquired the label outright, including its artists, back catalogue and compilations business. The new relationship brings together one of the most successful UK independent labels with Sony Music Entertainment, allowing the label’s current roster of artists, including BRIT-nominated group London Grammar as well as DJ Fresh and Sigala, to launch their music on a truly global scale.
What RSM did
RSM provided financial and tax vendor due diligence. This acquisition will bring the Ministry of Sound brand fresh opportunities for growth, with the label’s core strength of dance music being enhanced by Sony Music Entertainment’s outstanding international network.
'RSM provided a complete financial advisory service from start to finish including vendor due diligence and supporting Sony Music Entertainment with their due diligence. Their work and service was exemplary and the team were totally professional and hard working from top to bottom. I wouldn’t hesitate to recommend them and look forward to working with them on future projects.'
Lohan Presencer, Ministry of Sound
RSM transaction team:
Stephen Mason, Partner +44 (0)7801 685 054
Jonathan Wade, Partner +44 (0)7917 603 218
Lauren Branagh, Manager +44 (0)7423 479 215
Chris Roland, Associate +44 (0)7704 918 659
Steve Jacob, Partner, Corporate Tax +44 (0)20 3201 8486