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Eagle Rock’s publishing firm gets new investment
By CMU Editorial | Published on Wednesday 21 March 2012
Eagle Rock’s newish publishing company, Eagle-i Music, launched last summer and led by former Bug Music man Roberto Neri, has announced it has secured a million pound investment from private equity firm Beringea, who are already investors in the wider Eagle Rock business.
Confirming the investment, Beringea’s Investment Director Karen McCormick is quoted by Music Week thus: “We are thrilled that Eagle Rock is moving to this exciting and profitable area, and Roberto Neri has already proven a very strong CEO for the business. We are investing for aggressive growth of Eagle-i and have already seen financial benefit arising from synergies across the core business and the new publishing business”.
Meanwhile Neri said: “We have made considerable progress in such a short space of time. From the ground up, we truly are building a publishing company equipped for the 21st century. The investment from Beringea will allow us to further expand both in the UK and internationally”.
