Blackstone related stories
All articles and analysis
Blackstone stays positive despite harder conditions(2)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.
- Vornado bows to Blackstone EOP victory
Following the exit of Vornado Realty Trust from the bidding, Equity Office’s shareholders have given the green light to the largest private equity deal to date by approving Blackstone’s offer of $39bn. The deal includes a Blackstone equity cheque of $3.75bn.
- Virgin develops private equity strategy
Soon after PEO revealed that the Virgin Group is launching its first institutional buyout fund, its chief executive has reportedly outlined plans to pursue a ‘branded venture capitalism’ strategy, as it looks to take on large buyout firms like Blackstone and Apax.
- China’s $200bn fund to take more buyout stakes(2)
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 gain helps AIG to bumper profit increase(3)
While reporting bumper second quarter results, the world’s largest insurer revealed it made a profit of nearly $400 million when Blackstone floated in March.
- IFC mulls $100m commitment to $5bn India fund(2)
The private sector arm of the World Bank may join Blackstone and Citi in contributing to a $5 billion Indian infrastructure fund.
- Lehman hires Jeb Bush as PE advisor
US investment bank Lehman Brothers has reportedly hired Jeb Bush, the US President’s brother, to advise its private equity business.
- China’s $200bn fund to take more buyout stakes
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.
- Buyout bosses escape unscathed
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.
- Blackstone’s second quarter earnings triple(3)
The US merchant banking group has tripled profits reporting “strong results” in its private equity, real estate, financial advisory and fund management businesses, despite watching its unit price fall 20 percent since the IPO.