Blackstone related stories
All articles and analysis
US Senate bemused by Blackstone ‘pretending’(2)Concerned by the upcoming Blackstone IPO structure, the US Senate Finance Committee today introduced legislation that, if made law, would prevent alternative investment firms from claiming partnership tax structures when going public. The proposed change would not affect Blackstone for five years, but, according to a legal source: ‘Everyone else gets hosed’.
- US Senate bemused by Blackstone ‘pretending’
Concerned by the upcoming Blackstone IPO structure, the US Senate Finance Committee today introduced legislation that, if made law, would prevent alternative investment firms from claiming partnership tax structures when going public. The proposed change would not affect Blackstone for five years, but, according to a legal source: ‘Everyone else gets hosed’.
- Blackstone post-IPO trading values firm at $37bn
Shares in Blackstone closed today on the New York Stock Exchange, up 13 percent to $35 per share. The first-day trading values Stephen Schwarzman’s interest in the firm he co-founded at $8.5bn.
- KKR jumps on the go-public bandwagon(2)
Kohlberg Kravis Roberts is reportedly looking to join Blackstone as a listed company, while Apollo Management is also thought to be pursuing an offering
- Blackstone makes senior real estate hire(2)
Former Merrill Lynch property pro Michael Nash has joined Blackstone as a senior managing director in the firm’s real estate group.
- Injaz Mena makes bumper return on electronic payments firm
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.
- Blackstone makes senior real estate hire
Former Merrill Lynch property pro Michael Nash has joined Blackstone as a senior managing director in the firm’s real estate group.
- Blackstone considers $400m China petrochemical deal(2)
The Blackstone Group is said to be mulling a $400 million investment in China’s largest petrochemicals company. The news follows a disappointing NYSE debut for Blackstone’s management company, in which the Chinese government invested $3 billion.
- Get set for ‘BX’(2)
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.
- KKR jumps on the go-public bandwagon
Kohlberg Kravis Roberts is reportedly looking to join Blackstone as a listed company, while Apollo Management is also thought to be pursuing an offering