DistroKid Sells Majority Stake to CVC Capital Partners — ‘Existing Leadership Team’ Expected to Remain in Place

DistroKid has a new majority owner: CVC Capital Partners, which has inked “a definitive agreement” to take a controlling stake in the distributor. CVC announced the investment (and the close of its $3.4 billion CVC Catalyst private equity fund) this afternoon. Though the entity rather unsurprisingly opted against divulging hard figures, the transaction didn’t come […]