Blackstone related stories
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STATE STREET LAUNCHES PERFORMANCE INDEXThe new service opens up a treasure trove of historic returns information.
- A PICTURE'S WORTH
The future demand for images will determine Hellman & Friedman's success with Getty Images.
- ALTERNATIVE ASCENSION(2)
As Merrill Lynch, Citi and Morgan Stanley reeled from the sub-prime meltdown, alternative investment executives loomed as potential saviors.
- TOUGH ON TOYS
TOUGH ON TOYS 2008-02-01 Staff Writer The Service Employees International Union stepped up its toxic toys campaign in time for the holiday shopping season. The labour union organised a group of activists and mothers to protest outside Kohlberg Kravis Roberts' New York headquarters, with the goal of persuadin
- Editor's letter - February 2008
Editor's letter 2008-02-01 Staff Writer “The reality is we've gone from a raging bull market in credit to a bear market. Now people are worrying about anything and everything.” So said David Brickman, director of credit strategy at Lehman Brothers, in the context of a Financial Times
- Freescale ‘toggles’ to PIK option
In a worrying sign for a major LBO deal, the semiconductor company, bought out by a constortium of private equity investors for $17.6bn two years ago, has chosen to service a portion of its debt through in-kind securities in order to preserve cash.
- Blackstone set for Euro fund close in January
The New York-based firm is planning a final close of its latest European real estate vehicle in the New Year, according to a director of the firm speaking at a conference in London today.
- Blackstone to launch Indian outsourcing company
The buyout firm has partnered with CMS Computers to spin out two of its divisions into a new company with Blackstone as the majority owner.
- Blackstone- and Bain-backed Michaels’ draws $120m from revolving loan
The arts and crafts big-box chain has drawn an aggregate of $120m from its senior secured asset-based credit facility to ‘meet its cash needs while there are disruptions in the debt markets’. Bain and Blackstone bought the US retailer in 2006 in a $6bn deal.
- PwC recommends buyout firms diversify, focus on portfolios
The study dovetails with broad changes already affecting the private equity industry as GPs hire more operating partners and raise families of funds.