Hipgnosis Songs Capital, a private fund formed to invest £1bn by US private equity giant Blackstone last year, is reportedly bidding for Pink Floyd’s back catalogue, in a move that would value it at approximately $500m.
HSC, which is advised by Hipgnosis Songs Management, a firm founded by Merck Mercuriadis and majority owned by Blackstone since Oct 2021, will bid for the UK band's catalogue, according to reports. HSC has so far raised £341m through acquisitions. The deal would be negotiated through Hipgnosis Songs management and made through Hipnosis Songs Capital, which has so far raised £341m through acquisitions of back catalogues from artists. HSC has this month issued a $222m asset-backed security, powered by previous Catalog Royalties from the likes of Justin Timberlake and Nile Rogers, in a ...
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