Blackstone related stories
All articles and analysis
Blackstone appoints Turkish business luminaryKemal Kaya, a leading figure in the Turkish banking world, has joined Blackstone, as buyout firms descend on the region.
- Providence may increase debt fund target to $1bn
The US firm finds its $700m fund already oversubscribed after just a few weeks in the market. Meanwhile, $16.8bn in debt tied to its BCE deal is reportedly among the LBO loans lenders hope to sell to buyout firms.
- Blackstone to fight Alliance Data lawsuit
The credit-card services company is pursuing a $170m break-up fee for the second time, as the mega-buyout firm calls the suit ‘just as spurious as the first one’.
- Report: Buyout firms to buy $12.5bn of Citi's LBO debt
Apollo, TPG and Blackstone are reportedly close to a deal to buy assets including leveraged loans linked to the firms’ own portfolio companies.
- HRJ closes $195m special situations FoF
The San Francisco-based firm co-founded by American football Hall of Famer Ronnie Lott has fully committed its latest fund.
- Buyout chiefs defend industry
Industry figures have come out in defence both of financial engineering and the range and diversity of the asset class saying it does not depend on leverage for returns.
- Blackstone closes record $10.9bn real estate fund
The private equity firm’s ninth real estate fund – the largest ever private equity real estate fund raised – will take advantage of current market dislocation.
- Blackstone, CPPIB to bid on Canadian wireless spectrum
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.
- SVG writes down Permira deals to tune of £67m
The listed alternative asset manager incurred losses on its investments in four Permira portfolio companies last year, but its fund management business grew and Permira made ten profitable realisations.
- Global firms dominate the PEI Awards
In spite of the credit crunch, the global mega funds took centre stage in the Private Equity International Awards 2007. Mid-market resilience also found favour with voters in the only truly democratic private equity awards.