East Asia

Blackstone, Fortress stocks hit new lows

Bleak economic data has sent US stock markets tumbling – taking Blackstone and Fortress along with – one day before markets close for the Thanksgiving holiday.

Blackstone makes first investment in China(4)

The Blackstone Group has taken a minority stake in a subsidiary of the state-owned China National Chemical Corporation, as it continues to build relations with the Chinese government.

Vestar loses money as Nybron restructures

Nybron Flooring International, a struggling Swiss maker of wooden floors, has become one of the first private equity-backed businesses to restructure as global markets stutter

KKR’s Chinese cement deal is third for $4bn Asia fund(3)

Kohlberg Kravis Roberts has invested $115 million in its first private equity transaction in China. It is the third for a $4 billion fund KKR has raised, its first Asia-dedicated investment vehicle.

Yucaipa buys stake in Xinhua Finance(2)

After years of unsuccessful bids for US news agencies, Ron Burkle's investment firm has acquired a stake in China's Xinhua Finance Media.

Blackstone redirects focus to Asia, PIPEs

Blackstone reported a $113.2 million loss in the third quarter stemming largely from IPO-related costs. However, its president, Tony James, remained sanguine about the firm’s performance and its ability to shift focus amid credit market volatility affecting LBOs.

Doughty Hanson triples money with Moeller sale to Eaton

The European mid-market firm found plenty of trade buyers to give the UBS-run auction competitive tension, despite a lack of financial sponsors ready to pay €1.55bn for the asset.

Blackstone makes first investment in China(3)

The Blackstone Group has taken a minority stake in a subsidiary of the state-owned China National Chemical Corporation, as it continues to build relations with the Chinese government.

Blackstone makes first investment in China(2)

The Blackstone Group has taken a minority stake in a subsidiary of the state-owned China National Chemical Corporation, as it continues to build relations with the Chinese government.

KKR’s Chinese cement deal is third for $4bn Asia fund(2)

Kohlberg Kravis Roberts has invested $115 million in its first private equity transaction in China. It is the third for a $4 billion fund KKR has raised, its first Asia-dedicated investment vehicle.