Blackstone related stories
All articles and analysis
Report: PE firms line up for Indian BPO companyApax Partners, The Blackstone Group and Providence Equity Partners are reportedly eyeing the buyout of Firstsource, in a deal that could be worth about $400m.
- Blackstone hires 12 for Asia advisory unit
The publicly listed private equity firm has plucked three former Lehman Brothers specialists to create a mergers and acquisitions advisory group in Hong Kong and Beijing.
- Schwarzman, Zell top list of richest buyout chiefs
The heads of Blackstone and Equity International lead the Forbes 400 list of the richest US investors in private equity. Leon Black, Pete Peterson, David Rubenstein, Tom Barrack, Tony James and Jerry Speyer were among other buyout titans listed.
- Report: Indian logistics company to raise $40m
Future Logistics is reportedly seeking a private equity injection of $40m to expand its warehousing capacity and to develop its transportation business. Active firms to date in the sector include Blue River, Blackstone and SIDBI Venture Capital.
- Report: WaMu seeks private equity buyers
The ailing savings and loan had previously sought to be taken over by banking giants JPMorgan and Citi, but as such talks have not yet resulted in any deal, the bank is reportedly seeking a deal with Blackstone or Carlyle.
- Harvard Business dean joins Blackstone board
Jay Light, former professor to Steve Schwarzman and a director of university endowment Harvard Management Company, has joined Blackstone’s board of directors. Separately, Blackstone has been named as an advisor in the $85bn bailout of AIG.
- Blackstone market cap now larger than Lehman’s
The firm that Stephen Schwarzman and Peter Peterson left in 1985 has crumbled to a roughly $3bn market capitalisation, versus Blackstone’s $4bn.
- Informa bidders back off
Unprepared to up their offer of 450 pence per share, Providence, Carlyle and Blackstone have walked away from the deal for London-based publisher Informa.
- TPG closes $19.8bn global buyout fund
The mega-buyout firm has also closed its distressed financial services fund with roughly $6bn in commitments, and rounded up roughly $4bn for the final close of its Asian fund.
- CalPERS commits $600m to Carlyle funds
Confronting an increasingly overweighted private equity portfolio, CalPERS has made $920m in commitments to four private equity funds. Last week, fellow pension giant CalSTRS addressed the denominator effect while disclosing more than $1bn in fresh commitments.