New bidder for EMImain
There were five envelopes in the Citigroup mailbox by Wednesday, but there’s word now of a late run by James Caparro, a former Universal Music and Warner flak who has been whiling away his days in distribution.
Caparro’s firm is Yamani Global Equities, and he’s backed by Alliance Warburg Capital Management. In a press release, Caparro said: “This is the first step in the execution of our turnaround plan to guide EMI’s assets through the integration of our five prong revenue model that will lead the company into providing consumers and customers with music and entertainment services utilising 21st century technologies”.
Wassat? He’s even more convoluted than the last rack of EMI suits. Imagine what Sir Thomas Beecham would have made of that load of verbiage.