Enterprise Information Offers Reside Enterprise
By Chris Cooke | Revealed on Tuesday 6 December 2022
German dwell music agency DEAG has additional expanded its UK pursuits by buying a majority stake in Scottish promoter Common Music.
The deal has been completed by way of DEAG’s UK subsidiary Kilimanjaro. Common Music CEO Mark Mackie will retain a stake within the enterprise and also will proceed to handle the Edinburgh-based agency day-to-day. Although following the deal he’ll have nearer ties with the broader Kilimanjaro enterprise and its CEO Stuart Galbraith, and particularly the Kilimanjaro-owned Belladrum Tartan Coronary heart Pageant, which is staged every August close to Inverness.
Confirming the deal, DEAG CEO Peter Schwenkow says: “We admire the achievements of Mark with Common Music in Scotland and are excited concerning the alternative to assist the enterprise sooner or later while creating synergies between all of our UK firms together with Belladrum”.
“DEAG’s success relies on entrepreneurship and Mark can be a valued addition to our group of entrepreneurs”, he goes on. “DEAG‘s presence within the UK and Eire can be considerably strengthened by way of this new partnership and it suits extraordinarily nicely with our technique to additional develop our enterprise in our core markets”.
In the meantime Mackie himself provides: “Plenty of my agent pals have been telling me for years I wanted extra of a worldwide presence however till I met with DEAG I had by no means felt snug sufficient with anybody to type such a partnership. Nonetheless, it’s clear that DEAG care deeply about native identification and autonomy and with Stuart Galbraith and his crew at Kili it has been confirmed to work so I’m delighted to be becoming a member of up with a like minded group of individuals transferring ahead”.
“I’ve personally identified Stuart for greater than 35 years since we each began out within the enterprise”, he continues, “and am very a lot wanting ahead to working intently with him and the Kilimanjaro gang”.
