Deal Roundup: Blackstone nears $1.57bn Hipgnosis deal, Charlesbank completes Perspective Financial buy

Blackstone is nearing a $1.57bn buyout for music rights business Hipgnosis Songs Fund after PE rival Apollo pulled out of the bidding. Apollo’s Concord investment vehicle had previously offered $1.25 per share, below Blackstone’s $1.30 per share bid. Blackstone is already a majority owner of Hipgnosis Songs Management, the fund’s investment adviser. Hipgnosis Songs Fund …