Blackstone related stories
All articles and analysis
UK lender rejects Bridgepoint, Apollo, Blackstone buyout bidThe failed bid marks the second time this year that a private-equity backed rescue of a struggling UK-based mortgage lender has fallen apart.
- UK media group rejects reduced £1.9bn bid
The reduced takeover offer for Informa, publisher of Lloyd's List, by Providence Equity Partners, The Carlyle Group and The Blackstone Group has come after a shake-up in the original consortium that offered £2.15bn for the company in late June.
- Breaking the mould
Babcock & Brown may in future look a lot less like its Australian counterpart and a lot more like one of its American rivals, writes Cezary Podkul.
- Cathay Life Insurance commits $100m to Blackstone
The $72bn flagship company of Taiwanese financial services group Cathay Financial has become an LP for Blackstone's latest mega-fund. Andrew Kuo, an independent non-executive director at Cathay Financial, is vice chairman of Blackstone's Greater China operations and a managing director in its Hong Kong office.
- Babcock considers buy-back of second satellite fund
The beleaguered Australian infrastructure specialist is reviewing Babcock & Brown Capital, a move that follows its purchase of another satellite fund’s management rights and highlights the difficulties the satellite fund model has faced in the wake of the global credit crisis.
- Blackstone opens Silicon Valley office
The publicly-listed firm’s advisory division has tapped former Citigroup banker Ivan Brockman for an office in Menlo Park.
- Report: Apax nears €900m deal for Slovenian bank stake
The British private equity group has reportedly entered exclusive negotiations to buy a 30.6 percent stake in Slovenia’s biggest bank following Blackstone’s withdrawal from the auction.
- Germany decides on foreign investment
Investors from outside Europe, including private equity firms, could be affected by an amendment to Germany’s Foreign Trade Act approved today.
- Blackstone teams with Warburg on first oil sands deal
The C$275m Warburg-led financing will support Osum Oil Sands’ move into commercial oil production by 2013. The lucrative oil sands in Alberta contain 173 billion barrels of proven reserves.
- Apax to sell 10 percent stake
A trio of sovereign wealth funds is in negotiations to take a stake in the UK-based private equity firm, in a move that could value the company at around £1.5bn.