HarbourView Equity Partners has acquired again.
Earlier today (October 25) we reported that the company, founded by former Tempo Music CEO Sherrese Clarke Soares, has closed a deal to acquire Christine McVie’s share of Fleetwood Mac’s recorded music royalties from the late artist’s estate.
HarbourView has also announced today that it has agreed to acquire a share of “select” recorded music and publishing assets from Grammy Award-winning artists Pat Benatar and Neil Giraldo.
Together, Pat Benatar and Neil Giraldo have created two multi-platinum, five platinum and three gold albums, as well as 19 Top 40 hits.
They have sold over 30 million records worldwide and have won four Grammy awards.
HarbourView describes Pat Benatar and Neil Giraldo as “among the most formidable power couples in rock history”, adding that, “together, they created a sound that deeply impacted the sonic landscape of the 1980s”.
Amongst their hits are We Belong, Invincible, Love is a Battlefield, Promises In The Dark, We Live For Love, Heartbreaker and Hell Is For Children.
Terms of the transaction were not disclosed.
HarbourView was founded in 2021 by former Tempo Music CEO Sherrese Clarke Soares with backing from Apollo Global Management.
The company says that it owns a catalog of over 24,000 songs, encompassing both master recordings and publishing income streams.
“We are grateful to be stewards of this canon of work and look forward to partnering with Pat and Neil.”
Sherrese Clarke Soares
“We are overjoyed to welcome into our repertoire the iconic catalog of Pat and Neil,” said Sherrese Clarke Soares.
“The works are cross-generational, inspirational and a perfect complement to our portfolio.
“The music spans generations and has seen us through moments of hope and healing. We are grateful to be stewards of this canon of work and look forward to partnering with Pat and Neil.”
Derek Crownover at Loeb & Loeb served as legal counsel to HarbourView in this transaction. Pat Benatar and Neil Giraldo were represented by Gary Gilbert at Manatt, Phelps & Phillips.
HarbourView’s new deals with Pat Benatar and Neil Giraldo, and the estate of Christine McVie follow a string of acquisitions announced by the company.
Amongst them were, in July, select recorded assets and the publishing catalog of multi-platinum-selling, singer, songwriter, and music producer Blackbear.
Also in July, HarbourView announced a deal for the “select recorded music and publishing assets” of Wiz Khalifa.
News of that deal arrived just hours after HarbourView announced that it had acquired “select recorded music assets” of Grammy Award-winning rapper, Nelly.
This latest acquisition also follows HarbourView’s purchase of SoundHouse Acquisitions LLC’s catalog for a reported $325 million.
HarbourView has been actively pursuing deals over the past couple of years, including the acquisition of publishing catalogs from country music artists Lady A and Brad Paisley, as well as the publishing catalog of Latin music superstar Luis Fonsi.
The company also secured Big Loud Mountain Music’s publisher share of select songs from the catalog of country music duo Florida Georgia Line and the music publishing catalog of Incubus.
Music Business Worldwide