Photo Credit: Cinram Novum
Interpath advises on the sale of Cinram Novum, one of the UK’s largest music and film fulfillment and distribution companies, to Utopia Distribution Services.
Cinram Novum Limited, one of the UK’s largest music and film fulfillment and distribution companies, has been sold to Utopia Distribution Services Limited. Cinram Novum has provided supply chain solutions in the home entertainment industry for over 40 years for globally recognized brands. The transaction secures a total of 300 jobs at Cinram Novum.
“The loss of Cinram Novum would have been detrimental to the entire UK Music Industry, resulting in financial losses and disruption for labels, retailers, artists, and their fans,” says Roberto Neri, Chief Operating Officer at Utopia Music. “Through this acquisition, our intention is that Utopia can secure Cinram’s future and safeguard the UK Music Industry. We would like to extend our thanks to the Interpath team for their hard work and guidance, which helped make this possible.”
Interpath is an independent financial advisory firm with a broad range of specializations. The group advises companies, lenders, equity holders, and a wide range of other stakeholders such as government regulators and pension trustees. Interpath’s goal is to help navigate the issues and opportunities associated with economic disruption and overcome financial and operational challenges.
“We are delighted to have delivered this transaction which secures the future of the Cinram Novum business, providing a new platform on which it can move forward,” adds Rick Harrison, managing director at Interpath Advisory. “We would like to thank the teams at Cinram and Utopia, as well as music labels and other customers across the entertainment industry, for their tremendous support during the sales process. We wish Utopia every success for the future.”
Utopia Distribution Services Limited were advised by Rob Russell and Vivak Vaish of DLA Piper, while Interpath were advised by Bethan Moore and Lizzy Wood of Shoosmiths.