Blackstone related stories
All articles and analysis
China to buy stake in BlackstoneIn a startling development, a soon-to-be established state investment company of the People’s Republic of China will make a $3 billion investment in Blackstone as the alternative investment giant prepares to go public. Blackstone’s Schwarzman is calling the deal a ’paradigm shift in global capital flows’.
- 3i buys stake in Finnish mobile operator
3i’s growth capital division has taken a 25 percent stake in Finnish mobile operator DNA Oy, previously Finnet Oy, as private equity interest in the maturing European telecoms sector shows no sign of waning.
- Blackstone snaps up Strada
Tragus, a UK restaurant chain backed by The Blackstone Group, has bounced back from the disappointment of losing out in the battle for La Tasca with the acquisition of UK restaurant chain Strada for £140 million. It is the latest buyout deal in the popular UK restaurant sector.
- European Capital’s IPO raises €125m
US-listed company American Capital Strategies’ affiliate European Capital is the latest buyout firm to be placed on the public markets. The firm is known for its flexible investment strategy and one stop buyouts.
- Blackstone makes $15bn profit for investors
The Blackstone Group’s fourth fund has “shot the lights out”, according to one investor, making more than $15 billion in profit for its investors. The $6.45 billion fund has enjoyed a string of big wins.
- Terra Firma closes €5.4 billion fund
Terra Firma has closed its third fund, as its agreed £2.4 billion offer for EMI continues to be the subject of market speculation.
- Consortiums eyeing $24bn Alltel deal
US regional wireless carrier Alltel is reportedly in meetings with at least three groupings of major private equity firms: Blackstone and Providence, TPG and Goldman Sachs, and Carlyle and KKR.
- Blackstone to buy Alliance Data for $7.8bn
Activity in the electronic payment space continues with the Blackstone Group’s agreement to buy Dallas, Texas-based Alliance Data, a provider of transaction, credit, and marketing services, in a deal valued at $7.8 billion.
- US pension fund ups PE war chest to $7.5bn
US pension fund the Minnesota State Board of Investments has increased its private equity allocation and may also begin investing outside of the US.
- Blackstone IPO faces tax danger
The Blackstone Group’s forthcoming public offering might be the first casualty of US legislation aimed at tightening the tax treatment of private equity, according to reports.