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Blackstone Capital To Acquire A Stake In Citrin Cooperman Advisors LLC

Citrin Cooperman Advisors LLC
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NEW YORK (CelebrityAccess) — An investor group led by private equity giant Blackstone Capital has announced the acquisition of a “significant” stake in the accounting and consultancy firm Citrin Cooperman Advisors LLC.

While the full scope of the investment was not disclosed, The Wall Street Journal reported that Blackstone is expected to hold a 40–45% stake in the firm, valuing Citrin Cooperman at approximately $2 billion.

Insiders told the Wall Street Journal that the deal is expected to close in the second quarter of 2025.

Citrin Cooperman plays a pivotal role in the music industry, offering services that range from business management and royalty audits to contract compliance, music economics, and valuation.

Founded in 1979, the company has grown into one of the leading professional services firms in the U.S., serving over 15,000 clients globally through its tax, advisory, and accounting services.

“We are excited to have reached an agreement for Blackstone to invest in Citrin Cooperman as we enter our next chapter of growth. Blackstone will help us make additional investments in expanded service offerings and technology as we deliver on our continued commitment to best-in-class firm culture and providing an exceptional client experience. We thank New Mountain for their years of partnership in helping to build and support our business,” said Alan Badey, CEO of Citrin Cooperman.

In a joint statement, Eli Nagler, a Senior Managing Director at Blackstone, and Kelly Wannop, a Managing Director at Blackstone, said, “The Citrin Cooperman partners and staff have done an exceptional job making the firm a leader through an unwavering commitment to excellence and client service. We are excited to invest in the business to help it continue to provide the highest quality offerings moving forward.”

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