Cinram Novum Limited, one of the UK’s largest music and film fulfilment and distribution companies, has been sold to Utopia Distribution Services Limited, part of the Swiss music fintech business.
Based in Aylesbury, Buckinghamshire, Cinram Novum has provided supply chain solutions to the home entertainment industry for over 40 years, serving globally recognised brands.
The transaction safeguards a total of 300 jobs at Cinram Novum.
Roberto Neri, Chief Operating Officer at Utopia Music, said: “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. 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.”
Rick Harrison, managing director at Interpath Advisory, said: “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. 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. Interpath were advised by Bethan Moore and Lizzy Wood of Shoosmiths.