Blackstone related stories
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Blackstone ties up three deals worth $11bn in a dayThe Blackstone Group, the US alternatives manager, has put its latest mega buyout fund to work with $11bn invested in three US deals in a day, quashing critics’ concerns that it would struggle to invest such a large pool of capital.
- Bank of Scotland backs £350m one-stop buyout of UK cinema chain
The Scottish bank’s integrated finance arm has taken a minority stake in Vue Entertainment, the cinema group, providing both debt and equity in its biggest deal yet
- Southern Cross IPO back on
Southern Cross Healthcare Group, a Blackstone portfolio company, has relaunched its plans to float on the London Stock Exchange following postponement late last month.
- Cendant to sell Travelport to Blackstone
Travel and real-estate company Cendant announced plans to sell its travel distribution services subsidiary Travelport—which includes its Orbitz and CheapTickets businesses—to The Blackstone Group for about $4.3bn in cash.
- KKR cuts Demag offering to €271m
Market conditions appear to have impacted upon another private-equity backed flotation, with KKR and Siemens slashing the amount they plan to raise for German crane maker Demag by €192m.
- Blackstone becomes a bigger landlord
The Blackstone Group has agreed to acquire Trizec Properties, one of the largest owners of office properties in the US, for $8.9bn as the New York-based private equity firm continues its pursuit of publicly traded real estate companies.
- KKR sets cap of $15.5bn for 2006 Fund
The buyout giant, currently in the market with its 2006 Fund, has set a ceiling for the vehicle that, if reached, will put KKR in the same size stratosphere as Blackstone and Texas Pacific.
- CapVest, Blackstone in talks over £1bn Unilever unit
The two private equity firms are reportedly considering forming a consortium to make a £1bn bid for Unilever’s frozen foods business, which includes brands such as Birds Eye and Iglo.
- Blackstone plans healthcare IPO
UK care homes provider Southern Cross Healthcare has announced its intention to float on the London Stock Exchange in an IPO that could see Blackstone reduce its interest to below 50 percent.
- Attractions in park life
Leisure parks in Europe attract customers from across the world. US and European private equity firms, it seems, are also along for the ride. By Robert Venes.