Blackstone related stories
All articles and analysis
MENASA private equity ‘is not McDonald’s’The mega-LBO model developed in Western private equity markets doesn't necessarily fit emerging markets, according to speakers at PEI's Middle East Forum.
- Coming soon to a high street near you
Blackstone is plotting its entrance into the UK retail banking sector.
- Apollo lands $8bn Citi Property Investors
Leon Black’s Apollo Global Management has been chosen as the preferred bidder to take control of Citi Property Investors, the real estate investment arm of Citigroup.
- Blackstone’s Sunwest bid before bankruptcy court
A $209m stalking horse offer to buy 134 senior living facilities is to be recommended to bankruptcy court. The deal would also include the assumption of $945m in debt. The SEC alleged Sunwest was a “virtual Ponzi scheme” in 2009.
- Blackstone buys 60% stake in two US malls
The majority acquisition of the Lloyd Center in Portland, Oregon and WestShore Plaza in Tampa, Florida, is financed by $218 million of existing mortgage loans on the properties.
- Blackstone invests in London office complex
Joint venture created with UK REIT, British Land, to own and further improve Broadgate next to Liverpool Street Station.
- Blackstone targets bankrupt senior living portfolio
The firm has agreed to buy up to 148 properties from Sunwest, which filed a pre-packaged Chapter 11 reorganisation plan in August. The SEC sued Sunwest for fraud in March after it almost devolved into a Ponzi scheme.
- Blackstone infrastructure fund eschews PE-style fees
The firm has thrown out the classic 2-and-20, charging LPs 15% carry and up to 1.5% for management fees
- Upbeat Blackstone back in the black
Chairman and CEO Stephen Schwarzman hailed a global ‘healing’ of the equity and debt markets.
- Blackstone's TD unveils $3.8bn transmission project
Transmission Developers is planning to build an underwater cable that would carry 2,000-MW of wind and energy power from Canada to New York.