Blackstone related stories
All articles and analysis
Blackstone ramps up lobbying powerAs US legislators consider raising taxes on carry and publicly traded partnerships, Blackstone has drastically increased its spending on tax lobbyists this year, paying out $3.7 million in the first half of the year.
- PE stocks hit all-time low(2)
Blackstone and Fortress are taking a beating on Wall Street today.
- Club deal lawsuit dismissed(2)
An antitrust lawsuit alleging that KKR, Blackstone, Carlyle, Bain and nine other buyout groups fixed bids relating to club deals has been dismissed, though the plaintiffs are permitted to file a new suit with the same claim.
- Lehman hires Jeb Bush as PE advisor(2)
US investment bank Lehman Brothers has reportedly hired Jeb Bush, the US President’s brother, to advise its private equity business.
- Blackstone invests $150m in Indian construction(3)
The US buyout firm has made a growth capital investment in Nagarjuna Construction Company, an Indian business that is set to benefit from the government’s increasing expenditure on infrastructure.
- Club deal lawsuit dismissed
An antitrust lawsuit alleging that KKR, Blackstone, Carlyle, Bain and nine other buyout groups fixed bids relating to club deals has been dismissed, though the plaintiffs are permitted to file a new suit with the same claim.
- PE stocks hit all-time low
Blackstone and Fortress are taking a beating on Wall Street today.
- Blackstone buys into India’s largest clothing exporter(2)
Blackstone is advancing toward a fourth acquisition in India in a year. The target is Gokaldas Exports, India’s largest apparel exporter by sales. The investment: $165 million for a control stake.
- Buyout bosses escape unscathed(2)
The third hearing of the UK Treasury Select Committee saw four more buyout chiefs attempt to justify the industry’s tax and legal treatment to a group of MPs. In a noticeably less hostile environment, the four men presented a largely united front.
- GP dollars flood K Street(2)
KKR recently augmented its tax lobbying capability - and it’s not alone. Buyout shops are spending millions on Washington’s K Street - synonymous with the Capitol’s powerful lobbyists - as US lawmakers mull legislation that would increase taxes.