Latham & Watkins Advises Blackstone and Recognition Music Group on ABS Structures Supporting Sony Music Publishing’s Acquisition of Recognition Music Catalog

Sony Music Publishing has announced its agreement to acquire the complete music rights portfolio of Recognition Music Group from funds managed by Blackstone, subject to customary closing conditions. The deal will see Sony Music Publishing acquiring Recognition’s entire catalog of works, encompassing over 45,000 songs performed by many of the world’s most renowned artists. 

Latham & Watkins LLP represented Blackstone and Recognition Music Group on the asset-backed financing aspects of the transaction with a Structured Finance team led by New York partner Graeme Smith and counsel Ed Comber, with associate Sylvia Zhang.