Kirkland Advises Hipgnosis Songs Capital on Acquisition of 29 Music Catalogues from Hipgnosis Songs Fund
Kirkland & Ellis advises Hipgnosis Songs Capital, a partnership between Hipgnosis Song Management and funds managed and/or advised by Blackstone, on its acquisition of 29 music catalogues from Hipgnosis Songs Fund Limited, a UK listed investment company, for cash consideration of $440 million. The acquisition includes the catalogues of Nelly, Shakira, Barry Manilow, Rick James and Kaiser Chiefs.
In October 2021, Kirkland advised Blackstone on the launch of its $1 billion partnership with Hipgnosis Song Management to acquire music rights and manage catalogues.
Read the London Stock Exchange announcement
The Kirkland team was led by corporate partners Aprajita Dhundia and David Higgins and IP/music partners Seth Traxler and Rory Wellever, with assistance from corporate partners Francesca Storey-Harris and associates Christopher Weale and Joe Timmins; IP/music partner Shellie Freedman and associates Michael James, Justin Garfinkle, Maggie King and Kyla Risko; corporate partners Hayley Hollender, John Kaercher and Patrick Salvo and associates Marc Holloway and Toshi Mahapatra; antitrust partner Athina Van Melkebeke and associate Lucy Mahon; and tax partner James Seddon and associate Alexandria Solomou provided additional support.
