Concerned by the upcoming Blackstone IPO structure, the US Senate Finance Committee today introduced legislation that, if made law, would prevent alternative investment firms from claiming partnership tax structures when going public. The proposed change would not affect Blackstone for five years, but, according to a legal source: ‘Everyone else gets hosed’.
3 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
Alinda Capital, a firm led by the former head of project finance at Citigroup, has raised three times more than originally sought for a debut infrastructure fund, the ‘first in a series of infrastructure funds’.
2 min read · 04 January 2013
Alinda Capital, a firm led by the former head of project finance at Citigroup, has raised three times more than originally sought for a debut infrastructure fund, the ‘first in a series of infrastructure funds’.
2 min read · 04 January 2013
The Blackstone Group has priced its IPO at $4.133bn – the top of an expected range. Shares with the ticker symbol BX are expected to begin trading on Friday.
1 min read · 04 January 2013
The Blackstone Group has priced its IPO at $4.133bn – the top of an expected range. Shares with the ticker symbol BX are expected to begin trading on Friday.
1 min read · 04 January 2013
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
The legendary Texas buyout pro has joined a long list of hopeful backers of special purpose acquisition vehicles – so called ‘blank-cheque’ pools of capital that are listed on an exchange in anticipation of an unnamed deal.
1 min read · 04 January 2013
In its biggest deal to date, the upstart private equity firm has agreed to invest $325 million for a one-quarter stake in Palm, the publicly traded maker of the Palm Pilot, as well as to tap the developer of the iPod as an executive chairman.
2 min read · 04 January 2013
The global private equity giant is on the road now with a new fund that will attempt to close on substantially more than its previous $8 billion vehicle.
2 min read · 04 January 2013
