Blackstone related stories
All articles and analysis
Cinven and JP Morgan Partners sell German plastics business to BlackstoneGrowth strategy for Cinven and JP Morgan Partners pays off with sale of Klöckner Pentaplast, a manufacturer of rigid film plastics, to The Blackstone Group in a deal worth €1.3 billion ($1.8 billion).
- Blackstone tries again with Cineworld
The Blackstone Group will this week make its third attempt to float Cineworld, a UK cinema group expected to be valued at about £240 million. The buyout firm has already cancelled two previous public offerings because of adverse market conditions.
- Blackstone sells Extended Stay for $8bn
The real estate arm of The Blackstone Group has sold off its Extended Stay Hotels chain to The Lightstone Group for $8 billion.
- Sallie Mae shares jump on Blackstone link
US-listed loans business Sallie Mae saw its shares jump today following reports that it may be a $20 billion bid target for The Blackstone Group. However, its portfolio structure and ongoing legal issues may yet scupper any bid.
- Blackstone opens doors to Cineworld
The Blackstone Group has completed the twice-delayed flotation of UK cinema chain Cineworld, as the group’s shares, reported to be three times oversubscribed, proved attractive to investors,.
- Fortress in $2.4bn transport deal
Fortress Investment will pay $2.4bn to acquire Interpool, a provider of global shipping equipment and services.
- Buyout battle looms for Thomson division
Some of the world’s biggest buyout firms are set to fight it out for the $3.5 billion-valued higher education division of publishing company Thomson, in the latest demonstration of private equity’s appetite for the sector.
- Morgan Stanley to buy $750m worth of Hilton Hotels
The Wall Street bank’s real estate arm is reportedly buying 10 European hotels as it ramps up exposure to the global hospitality sector.
- Blackstone hires Welsh Carson IR pro
A member of New York private equity firm Welsh Carson’s investor relations team, Susan Balloch, has joined Blackstone’s private equity group.
- Blackstone cedes La Tasca to Tchenguiz
The Blackstone Group has admitted defeat in its attempt to buy La Tasca, a UK tapas chain, after property investor Robert Tchenguiz bought up a blocking stake and trumped its bid for a second time.