Blackstone related stories
All articles and analysis
Centerbridge in $1.1bn deal for PF Chang’sThe New York firm will pay roughly 30% more than the listed restaurant chain’s average closing price for the month of April.
- Blackstone to exit UK student housing business
The firm is in line to bank a £100m profit from the sale of its Nido Student Living accommodation business, according to sources.
- A very expensive car wash
Trustees at the Private Equity Foundation will have to roll up their sleeves for one charity promotion.
- Centerbridge in lightning fundraise
The firm, headed by Mark Gallogly (pictured) and Jeffrey Aronson, raised its second Special Credit Partners fund on $2bn in March, holding a 'one and done' close.
- Blackstone’s GSO to lose a senior leader
Senior managing director Timothy White will transition out of GSO after the group eliminated its ability to make private equity investments in its second mezzanine fund.
- CalPERS and Blackstone form custom account
The Blackstone Group’s ‘tactical opportunities’ business is targeting $3bn to $5bn, which will be raised through the formation of separate, customised accounts with limited partners.
- China’s ruling hits foreign-sponsored RMB funds
In a setback for foreign GPs, China’s NDRC has ruled that foreign-sponsored RMB-denominated funds will not receive the same treatment as domestic funds.
- Friday Letter: The rise of the multinationals
What’s the future of the buyout industry? Easy. Currently the most widespread view of the industry’s evolution is this: private equity is going where investment banking has gone before it. As a result, a very small number of very large, global LBO players are set to dominate, attracting the vast majority of institutional capital being allocated to the asset class.
- Friday Letter: Rattled
It’s already the stuff of City legend: some ten years ago, Guy Hands came from nowhere and rocked the boat by using securitisation as a funding instrument in leveraged acquisitions.
- Friday Letter: Four paths to Asia
Everyone in Western private equity now appears to agree that an “Asian strategy” is indispensable to future growth. What is not yet clear, even after two decades of Western private equity presence in Asia, is which path to Asia is best. Let’s review the contenders.