Blackstone related stories
All articles and analysis
Blackstone buys Indian BPO firmThe 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 slides through IPO price
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.
- Shansby spinoff closes debut fund on $325m(3)
California-based VMG Equity Partners plans to focus on ‘highly branded consumer products companies’, and will use its relationship with LA talent agency The Firm to promote portfolio companies.
- Blackstone in $1bn insurance deal
Investment firm Lindsay Goldberg has agreed to sell US insurance broker Alliant to Blackstone, after having purchased the company from GTCR Golder Rauner two years ago. Sources say the deal is worth roughly $1.2 billion.
- Shansby spinoff closes debut fund on $325m(2)
California-based VMG Equity Partners plans to focus on ‘highly branded consumer products companies’, and will use its relationship with LA talent agency The Firm to promote portfolio companies.
- Blackstone’s founders to bring in billions from IPO
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.
- Match made in heaven
China’s investment in Blackstone has intriguing implications for private equity as we know it. Philip Borel investigates
- Blackstone offering doubles to almost $8bn
The Blackstone Group has set a price range for its public offering, which has the potential to raise up to $4.8 billion; following news that the firm will sell a $3 billion stake to the Chinese government, it means Blackstone is set to raise nearly $8 billion by selling shares of its management company.
- GS, TPG to take Alltel private for $27.5bn
TPG and Goldman have agreed to buy US wireless provider Alltel for $27.5 billion, the largest-ever private equity deal in the telecom sector.
- AFL-CIO declares war on Blackstone IPO
The largest federation of unions in the US has written the SEC in an attempt to halt Blackstone’s IPO, according to the Financial Times.