Blackstone related stories
All articles and analysis
PE stocks hit all-time lowBlackstone and Fortress are taking a beating on Wall Street today.
- Blackstone stays positive despite harder conditions
Tony James, the US company’s president and chief operating officer, outlined its strategy to capitalise on tougher debt markets, including smaller deals and distressed debt investing, and warned that the credit environment may have a short-term negative impact on fees.
- Credit crunch forces Apax to postpone Emap bid
Apax Partners has reportedly been forced to postpone its bid for UK media business Emap while it struggles to find a bank prepared to underwrite the bid.
- Branson may join Virgin Media take-private bid
The hotly contested auction for cable company Virgin Media may be facilitated by shareholder Sir Richard Branson, while the number of reportedly interested bidders continues to increase.
- TPG mulls £11bn Virgin Media bid
US buyout firm TPG is considering a bid for cable broadband company Virgin Media. It is also lining up its first Russian deal.
- ‘BX’ slowly climbs back above IPO price
Blackstone units began to trade today above their $31 IPO price, climbing back from the $28.75 low it hit last Friday, the stock’s first trading day. The market could change directions again next week as US congressmen begin hearings on private equity.
- Och-Ziff will be the next to float
Och-Ziff, one of the world’s largest hedge fund managers, will become the latest alternative asset manager to tap the public markets after revealing plans for a possible flotation on the New York Stock exchange.
- KKR jumps on the go-public bandwagon
Kohlberg Kravis Roberts is reportedly looking to join Blackstone as a listed company, while Apollo Management is also thought to be pursuing an offering
- Injaz Mena makes bumper return on electronic payments firm
Injaz Mena, an investment company based in the United Arab Emirates, made a 63 percent return in 14 months from its investment in Frankfurt-listed electronic payments company Smarttrac, demonstrating why there has been so much private equity interest in the sector.
- AXA joins electronic payments trend
AXA Private Equity has become the latest buyout firm to invest in electronic payments, through the acquisition of Welcome Real-time.