Universal Music Group buys majority stake in Don Jazzy’s Mavin Records
Universal Music Group (UMG) has taken possession of the major stake in popular Nigerian record label, Mavin, led by Don Jazzy. The merger news comes five years after Mavin secured a multi-million-dollar investment from Kupanda Holdings, a joint venture between Pan-African investment company Kupanda Capital and TPG Growth. Kupanda Capital will retain its role as a minority investor and strategic …