Blackstone related stories
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Blackstone buys into India’s largest clothing exporterBlackstone 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.
- Blackstone stays positive despite harder conditions(3)
Tony James, the US company’s president and chief operating officer, outlined its strategy to capitalise on tougher debt markets, including smaller deals and distressed debt investing, and warned that the credit environment may have a short-term negative impact on fees.
- GP dollars flood K Street
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.
- China’s $200bn fund to take more buyout stakes(3)
The vice chairman of China’s central bank, which has close ties to the state-sponsored fund that committed $3 billion to The Blackstone Group’s initial public offering, has reportedly said that the vehicle will commit more funds to the asset class.
- Blackstone nabs Host Hotels head for Hilton
A week after completing its $20 billion buyout of Hilton, Blackstone has hired Chritopher Nassetta as the company’s new president and CEO.
- Coles Myer is back in play
The shares of Coles, a large Australian listed retailer, jumped 8.6 percent in a single day to close at A$15.75 after the company said it was to “review ownership options,” four months after spurning the approach of a private consortium led by KKR.
- Blackstone hires former H&Q pro
Former H&Q Asia Pacific managing director Andrew Kuo has joined The Blackstone Group’s growing Hong Kong staff as a managing director for greater China.
- IFC mulls $100m commitment to $5bn India fund(3)
The private sector arm of the World Bank may join Blackstone and Citi in contributing to a $5 billion Indian infrastructure fund.
- Blackstone invests $150m in Indian construction(2)
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.
- Blackstone invests $150m in Indian construction
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.