Blackstone related stories
All articles and analysis
BC club wins battle for Turkish retailer(2)The BC Partners-led consortium has pulled off its YTL3.9 billion bid for Migros Türk in the face of strong competition including The Blackstone Group and Kohlberg Kravis Roberts. It is Europe’s largest deal since credit markets seized up.
- Report: China invests $2.5bn in TPG fund(2)
The private equity firm’s latest global buyout fund, targeting an estimated $20bn, now reportedly counts China’s State Administration of Foreign Exchange as a substantial investor.
- GSO scraps $1.1bn Reddy Ice deal(2)
GSO Capital Partners, newly part of The Blackstone Group, has agreed to pay a $21 million breakup fee to Reddy Ice after credit market conditions gave GSO’s lenders cold feet.
- JPMorgan pro to launch GSO Capital's Asian operations(2)
Tim Donahue, former head of JPMorgan's Asia Pacific leveraged finance group, will start Blackstone-owned GSO's Asian credit business.
- Blackstone nabs SAC trading ace for Asian expansion(2)
The firm has hired Aaron Nieman to build an event-driven hedge fund platform targeting the Asia-Pacific region.
- Fundraising hits $71bn in 2007
Private equity real estate firms around the globe last year set a new record on the fundraising trail, according to proprietary statistics from PERE magazine.
- Carlyle shopping for hedge fund platform(2)
As the firm looks for ways to further bulk up and diversify its assets under management, Carlyle is also seeking to strengthen economic ties with energy firm Riverstone.
- Gray: Hospitality not facing another 9/11(2)
Despite a massive constriction in liquidity and warnings of a US recession, Blackstone real estate co-head Jonathan Gray told a PREA audience that the hotel industry remains positive.
- Blackstone closes record $10.9bn fund
The private equity firm said it had closed its ninth real estate fund and the largest fund ever raised as it promises to take advantage of the current market dislocation.
- Blackstone, CPPIB to bid on Canadian wireless spectrum(2)
The Canada Pension Plan Investment Board has teamed up with Blackstone and a Canadian telecom company to bid in an upcoming spectrum auction. The consortium has deposited $340 million toward that end.