KKR

$500m secured via a private securitization backed by music portfolio

Company swung to an operating loss of £33.26 million

The year's biggest deals were dominated by private equity, securitization of music assets, and some blockbuster acquisitions by Sony Music

The news follows KKR's announcement in June that it would be acquiring Superstruct in a deal reported to be worth $1.4 billion

KKR is making the investment in Superstruct through its $8bn European Fund VI

KKR says the Tedder catalog spans nearly 500 songs, covering both "music publishing and recorded music rights"

Artlist will use to money to buy assets and potentially acquire in the marketplace

Potential bids would value Universal at around $46bn

Richard Sarnoff takes a position on Pandora's board

“BMG has delivered an outstanding performance since it was founded, and has exceeded our original expectations"