Blackstone related stories
All articles and analysis
Toll-road ace tapped for Blackstone infrastructure armThe New York firm has asked Trent Vichie of Macquarie Securities to lead Blackstone’s newly unveiled developed-infrastructure business. Vichie, an Australian national, was instrumental in the Chicago Skyway transaction, a landmark US toll road privatization.
- Blackstone targets $5bn for infrastructure fund
Blackstone aims to be among the infrastructure mega-funds, having put a pre-marketing target range of $3bn to $5bn on its debut infrastructure fund. Rival KKR is raising $4bn for its maiden infrastructure fund, while Macquarie is seeking $6bn for its second global fund.
- Apollo hires former Realogy chief as COO
Former Blackstone partner and Saul Steinberg protegee Henry Silverman will become the firm’s first chief operating officer. In 2007, he sold the reportedly now insolvent real estate company Realogy to Apollo for $8.5bn.
- Blackstone loses fund of funds CIO
Blackstone will not replace Bruce Amlicke, who is leaving the firm to spend time with his family.
- Blackstone, Hicks agree to deal termination provision
A recent amendment finalised between The Blackstone Group and special purpose acquisitions company Hicks Acquisition makes it easier for either party to back out of an agreement to take Graham Packaging public in a $3.2bn IPO.
- Blackstone M&A pro charged with insider trading
Managing director Ramesh Chakrapani has been suspended from Blackstone’s corporate advisory group after having been charged with passing on details of the 2006 Albertson’s buyout.
- Report: Daiwa abandons ¥500bn fund plans
The Japanese brokerage had reportedly hoped to team with Blackstone to form an Asian mega-fund, but will instead raise its own funds targeting ¥20bn to ¥30bn.
- Cognetas cuts 12% of staff
The UK-based private equity firm joins the ranks of 3i, Blackstone, Carlyle, Shuaa and Investcorp, all of which have made job cuts this month.
- Blackstone invests up to $80m in Indian seed company
The buyout group has acquired around 25 percent of Hyderabad-based NSL Seeds.
- Blackstone to cut 70 jobs
The New York-based mega-buyout shop will cut back on 5% of its roughly 1,400-member workforce. The news comes after the publicly listed firm reported steep losses in the third quarter.