Universal Music Group (UMG), the world-leader in music-based entertainment, and Dundee Partners, the investment office of the Hendel family, announced that UMG will acquire a 25.8% interest in Chord Music Partners (Chord) for US$240 million, in a deal that values Chord at US$1.85 billion. Chord, which was formed in 2021 by KKR and Dundee Partners, is a…