Catarina Moura

Blackstone sells majority of Sabre Industries to TPG in $3.5bn deal

Blackstone will retain a significant minority of the business, which is held under its Blackstone Energy Partners III fund and yielded Blackstone a 4x multiple on invested capital.

TPG emerges as front-runner for Blackstone’s Sabre Industries

Sabre Industries is expected to command a valuation of around $3.5bn to $4bn, with two final bidders vying for the business.

Final bids for Blackstone’s Sabre Industries sale due this week

Harris Williams and Jefferies are running the sale of Sabre Industries, which sits under Blackstone Energy Partners III and could yield a valuation of $4.5bn-$5bn.

Stonepeak acquires ADIA’s co-controlling stake in packaging logistics operator

The asset manager is acquiring a 50% stake in IFCO Group with capital from its Stonepeak Infrastructure Fund V.