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Get set for ‘BX’(3)The Blackstone Group has priced its IPO at $4.133bn – the top of an expected range. Shares with the ticker symbol BX are expected to begin trading on Friday.
- Injaz Mena makes bumper return on electronic payments firm(3)
Injaz Mena, an investment company based in the United Arab Emirates, made a 63 percent return in 14 months from its investment in Frankfurt-listed electronic payments company Smarttrac, demonstrating why there has been so much private equity interest in the sector.
- Tchenguiz doubles Sainsbury’s stake
The property entrepreneur has doubled his stake in the grocer to 11 percent, prompting questions whether a takeover strategy may be in the works.
- Buyout firms circle £1.5bn Bupa hospital portfolio(2)
A range of private equity firms have expressed interest in UK healthcare business Bupa’s hospital portfolio. The healthcare business is believed to be selling because of regulatory concerns that its hospital business is a conflict of interest with its insurance arm.
- Stirling Square bolts on Austrian firm to 3SI(2)
Stirling Square Capital Partners, a mid-market buyout firm backed by Citigroup, has moved to consolidate the financial security market by making a European bolt-on acquisition for portfolio company 3SI Security Systems.
- Blackstone may float on Friday
Morgan Stanley has reportedly revealed Blackstone’s IPO pricing will be brought forward to Thursday and the units may go on sale as soon as Friday.
- China tied to Blackstone for seven years
Fresh details have emerged in Blackstone’s latest pre-IPO filing with the US Securities and Exchange Commission about the long-term nature of its deal with China’s overseas investment vehicle.
- Buyout firms circle £1.5bn Bupa hospital portfolio
A range of private equity firms have expressed interest in UK healthcare business Bupa’s hospital portfolio. The healthcare business is believed to be selling because of regulatory concerns that its hospital business is a conflict of interest with its insurance arm.
- KKR to obtain securities broker-dealer license(2)
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.
- Three Delta ups stake in Sainsbury’s to 25%(2)
The investment vehicle of Qatari property investment fund Three Delta has upped its stake in Sainsburys. The FTSE 100 listed UK supermarket’s shares leapt by nearly 5 percent, as speculation suggested a takeover bid was forthcoming.