Deal Roundup: Blackstone beats Apollo in Hipgnosis bidding, L Catterton agrees KIKO Milano deal

Blackstone has agreed to pay about $1.57bn for music rights business Hipgnosis Songs Fund, trumping an offer from Apollo-backed Concord. The company owns creations by artists ranging from Phil Collins and Blondie to Beyonce, Shakira and the Red Hot Chili Peppers. Concord had previously offered $1.25 per share, below Blackstone’s $1.30 per share bid. Blackstone is already …