The exit to strategic player Super D marks a relatively fast turnaround for the pair following their buyout of the business – the largest of its type in the US – in 2010.
Alliance made two strategic add-on acquisitions during its private equity ownership, acquiring EDGE Entertainment Distribution in March 2011 and Audiolife in May 2012
Platinum partner Johnny Lopez said, “We are proud of what we accomplished with Alliance Entertainment over the past three years.
“We achieved our goals, helping the business thrive as it has continued navigating the evolving market for media distribution.
“Earnings improved each year under our ownership and the company made strong gains in home entertainment, e-commerce and licensing.”
Earlier this week Platinum confirmed an AltAssets scoop from July by closing its third fund on $3.75bn, easily outstripping the $2.75bn it raised for its second vehicle in 2008.
AltAssets revealed eight weeks ago that the firm was expecting to close on $3.75bn following just over 18 months on the road.
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