Blackstone related stories
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Blackstone considers $400m China petrochemical dealThe 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’
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.
- Biomet price tag grows to $11.4bn
Days before a scheduled shareholder vote, Blackstone, KKR, Goldman and TPG have amended their agreement to buy Biomet, increasing the deal for the orthopedic products manufacturer by nearly 5 percent.
- BlackRock to buy Quellos FoF business for $1.7bn
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.
- Blackstone slides through IPO price(2)
At press time, Blackstone’s shares were trading below the firm’s debut price of $31 per share, down significantly from its closing price of $35 just one day earlier.
- KKR to obtain securities broker-dealer license
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.
- Blackstone buys Indian BPO firm(3)
The Blackstone Group hopes to take advantage of the ever-growing market for business process outsourcing, after paying a reported $200 million for Indian group Intelenet.
- Blackstone’s founders to bring in billions from IPO(3)
Blackstone’s public float will net Steve Schwarzman and Pete Peterson more than $2.3 billion. Last year, according to a regulatory filing, the pair took home more than $600 million.
- Blackstone buys Indian BPO firm(2)
The Blackstone Group hopes to take advantage of the ever-growing market for business process outsourcing, after paying a reported $200 million for Indian group Intelenet.
- Blackstone’s founders to bring in billions from IPO(2)
Blackstone’s public float will net Steve Schwarzman and Pete Peterson more than $2.3 billion. Last year, according to a regulatory filing, the pair took home more than $600 million.