Hipgnosis Songs Fund completed the acquisition of Big Deal Music Group.

Hipgnosis Songs Fund, a UK listed investment company offering investors a pure-play exposure to songs and associated intellectual property rights, completed the acquisition of Big Deal Music Group, a full-service song company. Financial terms were not disclosed. Big Deal Music will be rebranded to Hipgnosis Songs Group effective immediately. "Over the last two years it has been my privilege to assemble and work with a world class team of individuals of the highest calibre. With this acquisition, and following the appointment of Ted Cockle and Amy Thomson earlier this week, the scale and quality of people working with me to drive shareholder returns reaches new heights and sets our company on the path for the next chapter of its growth. This is a best in class team and we now have the resource to be on top of every song's destiny all day every day and I'm delighted to welcome Kenny, Casey, Jamie, Dave, Pete and the other 30 plus new team members into the Hipgnosis Family," Merck Mercuriadis, Hipgnosis Songs Fund Founder.