Industry Jun 12, 2026
Francisco Partners Sells Stake in Muse Group
In short
Muse Group remains majority owned and controlled by founder and CEO Eugeny Naidenov, alongside Mo Chahdi as Executive Chairman and COO.
Originally published by
Music Business Worldwide
Francisco Partners has concluded its minority investment in Muse Group, the parent company of Audacity, Hal Leonard, and Ultimate Guitar. The divestment marks an exit for the investment firm from its position in the music technology and publishing conglomerate.
Muse Group will continue to be primarily owned and governed by its founder and CEO, Eugeny Naidenov. Mo Chahdi will maintain his roles as Executive Chairman and Chief Operating Officer within the organization. Originally reported by Music Business Worldwide.