Blackstone related stories
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Report: Premier appeals to private equityThe UK food conglomerate’s chief executive has reportedly asked Goldman Sachs to approach Blackstone, Bain, Lion and Permira in the hopes of obtaining a debt-busting equity injection of up to £700m. Premier owns brands including baked goods maker Hovis.
- GSO Capital, Goldman to buy bankrupt EZ Lube
The California-based oil change service provider is selling its assets to its lenders, Goldman Sachs and Blackstone debt unit GSO Capital Partners, amid steep losses. The company blames the recession, high gas prices and negative publicity for its bankruptcy filing.
- Report: Blackstone balks at India infrastructure initiative
The global alternatives manager has reportedly pulled out of the $5bn India Infrastructure Fund, the other backers of which include IDFC and Citigroup, because it was unhappy with the small equity portion it was allocated.
- Blackstone to launch Indian outsourcing company
The buyout firm has partnered with CMS Computers to spin out two of its divisions into a new company with Blackstone as the majority owner.
- Blackstone set for Euro fund close in January
The New York-based firm is planning a final close of its latest European real estate vehicle in the New Year, according to a director of the firm speaking at a conference in London today.
- Blackstone shares hit all-time low
Shares in the publicly listed firm continued to drop amid dismal third quarter reports, but one analyst sees a bright future ahead for Blackstone. Fortress Investment Group shares reached their 52-week low at $2.
- Texas Teachers commits to Blackstone
The US pension committed €200m to Blackstone’s latest Europe-focused property fund, Blackstone Real Estate Partners Europe III.
- CPPIB targets C$1.4bn on distress
The Canadian pension has set aside an additional C$1.4bn to invest with opportunistic fund managers, and directly, targeting US and UK distressed real estate.
- CalPERS commits $500m to Blackstone
The $184bn pension, struggling with the denominator effect, committed $750m to Blackstone’s previous buyout vehicle. CalPERS documents confirmed rumours that Blackstone has lowered its fund target to between $15bn and $20bn.
- Funds raise $3.2bn for China in October
Private equity investments have started to increase amid relaxed regulations and the Chinese government’s commitment to prevent a slow down in the economy.