Universal Music Group (UMG) has purchased a controlling interest in Mavin Global Mavin

smenmusic

02/28/24 • 226 Views • 0 Share • Published in Weddings

UMG characterizes Mavin as “the catalyst for numerous Afrobeats artists across the continent.” Established in 2012 by artist, producer, and music executive Michael Collins Ajereh (known as Don Jazzy),..

Monday’s news comes approximately five years after Mavin secured a significant investment in 2019 from Kupanda Holdings, a partnership between pan-African investment firm Kupanda Capital and TPG Growth.

TPG has now completely divested its stake in the company, while Kupanda Capital will remain a minority investor and strategic advisor.

UMG has stated that Mavin will retain its independence in determining its strategy and developing future talent. Under the terms of the agreement, founder and CEO Don Jazzy and COO Tega Oghenejobo will continue to lead the company.

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