Blackstone related stories
All articles and analysis
Blackstone to buy Alliance Data for $7.8bnActivity in the electronic payment space continues with the Blackstone Group’s agreement to buy Dallas, Texas-based Alliance Data, a provider of transaction, credit, and marketing services, in a deal valued at $7.8 billion.
- Cinven and JP Morgan Partners sell German plastics business to Blackstone
Growth strategy for Cinven and JP Morgan Partners pays off with sale of Klöckner Pentaplast, a manufacturer of rigid film plastics, to The Blackstone Group in a deal worth €1.3 billion ($1.8 billion).
- Cerberus to buy bankrupt auto parts maker
Cerberus Capital Management has agreed to buy Novi, Michigan-based Tower Automotive, which will file for Chapter 11 bankruptcy with the Southern District of New York next month.
- Public-to-privates crucial to industry’s success
In the week it emerged that UK retailer Sainsbury’s is the latest high-profile public company being targeted by private equity, new research shows that a record number of take-private deals were the biggest single source of the industry’s growth in the last 12 months.
- Washington insider advises buyout lobbying group
Harry Clark, a veteran lobbyist and communications counselor to industry and government officials, is helping America’s biggest buyout firms establish an advocacy group for the private equity industry.
- New $1.67bn loan facility for VNU
VNU, owned by a private equity consortium including KKR, Blackstone and Carlyle, plans to raise $1.67 billion of new debt to finance the acquisition.
- Blackstone and KKR target GUS units
Blackstone and KKR are understood to be pursuing an interest in two retail units owned by GUS, despite a recent announcement by the UK retail group to demerge the businesses.
- End of the road
Is the distressed pendulum swinging? Investors have recently been looking towards Germany for distressed debt investing—but, according to some in the space, the smart focus for bad debt investing is the US. By Aaron Lovell.
- Gross to leave Apollo for own venture
Michael Gross, a founding partner of New York-based Apollo Management, will step down from the firm to pursue an ‘entrepreneurial’ project.
- Leo Hindery’s InterMedia fund holds close
InterMedia Advisors, the private equity partnership established by long-time media executive Leo Hindery Jr., has held an interim close on its inaugural fund, a $1.5bn targeted vehicle.