Luisa Beltran

GLP sells U.S. logistics business to Blackstone for $18.7 bln

Blackstone is buying assets from three of GLP’s U.S. funds for $18.7 billion. Blackstone Real Estate’s global opportunistic BREP strategy will acquire 115 million square feet for $13.4 billion and its income-oriented non-listed REIT, Blackstone Real Estate Income Trust (BREIT), will acquire 64 million square feet for $5.3 billion. Michael Steele, Michael Brueck and Kevin Ehrhart of Kirkland & Ellis advised GLP.

LPs cool to SoftBank's latest $100 bln fund: Wall Street Journal

SoftBank Group Corp has made preliminary approaches to several large LPs regarding its latest $100 billion fund dedicated to tech startups, the Wall Street Journal reported. Several investors plan to make limited or no contributions to the pool, the story said. Cantor Fitzgerald is helping with the fundraising efforts, the WSJ said.

Gravity Oilfield to buy Pyote water disposal assets

Gravity Oilfield Services Inc, a portfolio company of Clearlake Capital Group LP, acquired certain water disposal assets from Pyote Water Systems III LLC. Financial terms weren’t announced.

Revolve IPO promises big return for TSG Consumer

Goya considers sale, hires Goldman: CNBC

Goya, the Latin American food company, is weighing options, including a sale, according to CNBC. Goya has hired Goldman Sachs to advise; a sale of Goya could fetch roughly $3 billion, the story said.

Thorne joins TPG Growth

TPG Growth said May 30 that Heather Smith Thorne has joined the platform as partner. Thorne was previously a managing director and partner at Swander Pace Capital.

Eight Capital, Emso Asset Management buy stake in Ambit Flowers Asset Reconstruction Co

Ambit Capital is selling its stake in Ambit Flowers Asset Reconstruction Co to Eight Capital and Emso Asset Management. Financial terms weren’t announced. Ambit Flowers Asset Reconstruction is backed by J.C. Flowers, which owns 47.5 percent of the company, according to press reports. Once the deal closes, Ambit Flowers Asset Reconstruction Co will be renamed J.C. Flowers Asset Reconstruction Co.

Narciso exits Carlyle Group: Wall Street Journal

Vincenzo Narciso is the latest executive to leave the Carlyle Group, according to the Wall Street Journal. Narciso, one of three managing directors focused on investor relations and fundraising in Europe, left Carlyle last week, the story said.

Crestview buys Concours Mold

Crestview Partners said may 30 that acquired Concours Mold Inc. Financial terms weren’t announced. Concours, of Windsor, Ontario, makes steel molds and tooling, primarily used in the production of plastic components for the automotive and consumer sectors.

Genstar buys Prometheus Group for more than $1 bln

Genstar Capital said May 30 that it bought Prometheus Group from Francisco Partners for over $1 billion. Eric Huang, CEO and founder of Prometheus, will remain a significant shareholder of the company. Prometheus, of Raleigh, North Carolina, provides plant maintenance operations and optimization software.