Primary Wave to Acquire Kobalt from Francisco Partners

Primary Wave Music has announced a definitive agreement to acquire Kobalt from Francisco Partners. The transaction includes Kobalt’s worldwide operations, its catalog of owned copyrights, and amra, Kobalt’s digital collection operation.

Kobalt will remain a separate, stand-alone entity with its CEO Laurent Hubert and current management team, continuing a “creator first” mission as a tech-driven publishing administrator and creative partner. The deal also includes an investment from Brookfield as a strategic partner to Primary Wave. The acquisition is expected to close in Q3 2026, subject to customary closing conditions.