Hipgnosis Songs Fund agrees to $1.5bn takeover by Apollo-backed Concord Chorus The music company, which owns the rights to music by artists including Neil Young, Shakira and Red Hot Chili Peppers, has agreed to a $1.5bn takeover deal from Conchord Chorus. The agreement trumps the approach from Blackstone made on Monday. Read more.

Blackstone to acquire restaurant brand Tropical Smoothie The private equity giant has announced that it has agreed to buy Tropical Smoothie Cafe, which operates 1,400 locations across 44 states in the US. According to reports, the deal is worth $2bn. Read more.

Cosmetics brand Mented snapped up by West Lane Capital West Lane Capital has announced the acquisition of Mented, which makes clean, vegan, cruelty free products for women of colour. Mented is sold across the US. Terms of the deal were not disclosed. Read more.

Clean beauty brand Beautycounter acquired by founder According to reports, Beautycounter has been fully acquired from private equity firm Carlyle by Gregg Renfrew, the brand's founder. Carlyle acquired a majority stake in Beautycounter in 2021, in a deal that valued the brand at $1bn. Read more.

Blackstone makes $1.5bn bid for Hipgnosis Songs Fund The private equity giant has made a $1.5bn offer for Hipgnosis Songs Fund, which owns the rights to music by artists including Shakira and Red Hot Chilli Peppers. This is the fourth proposal from Blackstone for the business. Read more.

Private equity firms no longer considering Samsonite According to reports, private equity firms including Carlyle Group and KKR have lost interest in acquiring the luggage manufacturer Samsonite, due to its high valuation. Samsonite owns brands including High Sierra and American Tourister. Read more.