Blackstone related stories
All articles and analysis
2008 Review: Dreier founder catches industry eyeAs the real estate industry looks forward to 2009, PrivateEquityRealEstate.com looks back at the past 12 months and the most read stories of the year. Dreier founder, Marc Dreier, admitting to key aspects of a $113m scam was the number one story.
- And the winners are ..
Voting has begun for the 2008 Global PERE Awards. Which firm and deal will be the most notable of 2008 - and who will be industry figure of the year?
- Who will take the cake in 2008?
Voting has begun in the third annual Global PERE Awards. Which people, firms, funds and deals stood out in 2008? Cast your nominations now in the only industry awards that are voted on entirely by the participants in the private equity real estate market.
- Blackstone has $13bn RE ‘war chest’
The New York-based private equity firm said it is waiting for real estate valuations to decline further before beginning to invest the capital. However, Blackstone’s real estate portfolio has been written down by 10% owing to the market turmoil.
- Private equity buyouts decrease, shrink in size in 2008(2)
Difficult financing conditions continued to soften global buyout activity for private equity firms, with deal volumes plunging 72 percent in the first nine months of 2008. The oil and gas and mining sectors as well as Japan, India and the Middle East remained bright spots.
- Blackstone market cap now larger than Lehman’s(2)
The firm that Stephen Schwarzman and Peter Peterson left in 1985 has crumbled to a roughly $3bn market capitalization, versus Blackstone’s $4bn. It follows moves to spin off its $30bn commercial real estate exposure and sell a 55 percent stake in its PE and RE arms.
- KKR to float on NYSE(2)
A year after registering for a $1.25bn IPO, Henry Kravis has unveiled his firm's revised plan for a public float, which includes taking over KKR Private Equity Investors and which values the combined firm at up to an estimated $18bn.
- Report: JC Flowers, China, BofA join for Lehman(2)
The financial services private equity firm is working with China's sovereign wealth fund and the major US bank on a joint bid, according to a report from the Financial Times.
- Report: GS raises $10bn leveraged loan fund(2)
The global investment bank has reportedly raised $10bn to provide senior debt for private equity deals. In combination with the firm’s $20bn mezzanine fund, Goldman now has the ability to independently finance leveraged buyout of substantial size.
- Hicks SPAC leads $3.2bn reverse IPO(2)
Graham Packaging, owned by private equity firms Blackstone and Graham Group, has been selected as a takeover target after the Tom Hicks-run SPAC reviewed more than 100 potential deals and tapped into its founder’s relationships with buyout firms.