Apax Partners' funds and Ingenious Ventures back Stage Three Music publisher for GBP40m acquisitions.

0 Comments | M2 Presswire, August, 2004

M2 PRESSWIRE-23 August 2004-APAX PARTNERS: Apax Partners' funds and Ingenious Ventures back Stage Three Music publisher for GBP40m acquisitions(C)1994-2004 M2 COMMUNICATIONS LTD RDATE:08232004 London, UK: Steve Lewis, former CEO of the Music Division of Chrysalis Group Plc and head of Virgin Music (Publishers) for 9 years, today announced Stage Three Music, his music publishing company, has received financing from funds advised by Apax Partners and from Ingenious Ventures.

The investments will allow Stage Three to spend up to GBP40m on music catalogue acquisitions. The funding will allow the company to grow and build value by adding songwriters to its roster and buying song catalogues. Mr Lewis said: "Stage Three will now be able to make acquisitions...

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