At press time, Blackstone’s shares were trading below the firm’s debut price of $31 per share, down significantly from its closing price of $35 just one day earlier.
1 min read · 04 January 2013
Leeds Equity, the New York education and training private equity firm, is speaking with investors about a new fund that, if it hits its target, would be the largest raised specifically for for-profit education companies.
1 min read · 04 January 2013
In a recent filing, IPO-bound Blackstone has disclosed that it plans to name the former prime minister of Canada, the former CEO of Deloitte Touche Tohmatsu and Lord Rothschild to its board.
1 min read · 04 January 2013
Two powerful committee chairmen are backing a bill intended to scrap the low, 15 percent capital-gains tax treatment of GP carried interest in the US. The member behind the bill says the current tax regime on carry is unfair.
3 min read · 04 January 2013
BWAY Holding, a maker of buckets and containers, priced below its expected range in an IPO today, as New York private equity backer Kelso unloaded more than half its ownership in the offering.
1 min read · 04 January 2013
BWAY Holding, a maker of buckets and containers, priced below its expected range in an IPO today, as New York private equity backer Kelso unloaded more than half its ownership in the offering.
1 min read · 04 January 2013
A day after two US senators unveiled proposed legislation to hike taxes for public partnerships, the share price of Fortress Investment has dropped. But one Washington observer put the likelihood that the Blackstone-inspired bill will become law at ‘one percent’.
1 min read · 04 January 2013
Bank of America, Oak Hill, along with CalPERS and Harvard have created a unique, megafund-sized pool of permanent capital to be traded on the Euronext. The vehicle, Conversus Capital, is structured like a collateralised loan obligation with private equity fund interests as the underlying assets.
2 min read · 04 January 2013
Shares in Blackstone closed today on the New York Stock Exchange, up 13 percent to $35 per share. The first-day trading values Stephen Schwarzman’s interest in the firm he co-founded at $8.5bn.
1 min read · 04 January 2013
A day after two US senators unveiled proposed legislation to hike taxes for public partnerships, the share price of Fortress Investment has dropped. But one Washington observer put the likelihood that the Blackstone-inspired bill will become law at ‘one percent’.
1 min read · 04 January 2013
