In response to HSM, Mercuriadis’ departure will grow to be efficient as soon as the takeover by Blackstone is finalised.
Hipgnosis Songs fund (SONG) was bought by Lyra Bidco Restricted, an organization owned by Blackstone-managed funds, for $1.58bn, which Hipgnosis administrators have unanimously backed and urged shareholders to approve.
HSM is the corporate and funding supervisor for SONG, which Mercuriadis additionally oversees.
Mercuriadis beforehand stepped down as CEO of HSM again in February, which got here as discontent between the agency after which newly appointed SONG board entered the general public realm.
He mentioned: “S…
