Blackstone related stories
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BlackRock to buy Quellos FoF business for $1.7bn(3)The publicly traded investment management giant will pay $1.7 billion in cash and stock for Quellos Group’s fund of funds business, giving BlackRock a $25.4 billion fund of funds platform.
- Tchenguiz doubles Sainsbury’s stake(2)
The property entrepreneur has doubled his stake in the grocer to 11 percent, prompting questions whether a takeover strategy may be in the works.
- LBO giants launch PR offensive in Germany
Hanns Ostmeier has stepped down from The Blackstone Group to chair the German Venture Capital Association’s new mega-buyout platform.
- Och-Ziff will be the next to float(3)
Och-Ziff, one of the world’s largest hedge fund managers, will become the latest alternative asset manager to tap the public markets after revealing plans for a possible flotation on the New York Stock exchange.
- KKR to obtain securities broker-dealer license(3)
KKR is reportedly seeking a securities broker-dealer license. An industry insider has said this could mean KKR wants to launch an advisory division – diversifying its business lines prior to a possible IPO – or possibly to further solidify its legal standing as a syndicator of investments.
- Och-Ziff will be the next to float(2)
Och-Ziff, one of the world’s largest hedge fund managers, will become the latest alternative asset manager to tap the public markets after revealing plans for a possible flotation on the New York Stock exchange.
- Och-Ziff will be the next to float
Och-Ziff, one of the world’s largest hedge fund managers, will become the latest alternative asset manager to tap the public markets after revealing plans for a possible flotation on the New York Stock exchange.
- Heavyweights weigh in on PE(2)
Private equity dominated discussions in the US this week, as high-ranking government officials, superstar investors and senior executives commented on the building tax controversy confronting the industry, as well as the longevity of the so-called buyout boom.
- Cinven wins £1.44bn BUPA hospital auction(3)
UK private healthcare group BUPA has sold its hospital arm to European buyout firm Cinven. The healthcare company exited the business because of regulation which prevented it from expanding its portfolio.
- American Capital goes Hollywood with $100m film vehicle(3)
The publicly listed alternative asset manager will break into the movie business with a $100 million commitment to Oceana Media Finance, which provides financing for independent films.