Blackstone related stories
All articles and analysis
First Reserve leads $1bn coal buyoutThe New York and London energy specialist is leading The Blackstone Group and strategic partner American Metals & Coal in the acquisition of US coal assets from Germany’s RAG Coal International.
- Blackstone to buy New Skies for $956m
Blackstone Group, the New York-based private equity firm, has signed a definitive agreement to buy New Skies Satellites, the Dutch satellite communications business, for $956m in cash.
- Former American Capital MD defects to Allied
The publicly traded business development company has hired the former Los Angeles head of American Capital Strategies as it expands operations to California.
- U2 singer joins new buyout firm
Bono, the singer for rock group U2, will reportedly be a managing director at Silicon Valley ‘venture buyout’ firm Elevation Partners, launched by former Silver Lake Partners co-founder Roger McNamee.
- Gladstone boosts BDC activity, opens office
Publicly traded business development company Gladstone Capital has hired a new managing director to open a Chicago office amidst the surge in BDC interest.
- Blackstone, Providence in multibillion recap
The two firms have secured a 40 percent stake in media conglomerate Freedom Communications, which is estimated to be worth between $1.5 billion and $2 billion.
- M&A vets prep $500m BDC
US mergers and acquisitions veteran Eric Gleacher has filed to take public a ‘business development company,’ Gleacher Investment, amid a glut of similar vehicles.
- Blackstone hires more CSFB talent
CSFB’s Michael Dugan has joined Blackstone’s corporate advisory group as a senior managing director.
- Tom Lee, Gores enter BDC fray
Thomas H. Lee Partners and Gores Technology, two US private equity firms, have in recent days filed with the SEC to launch business development companies – publicly traded vehicles that make loans to and equity investments in companies.
- Silver Lake strikes again with $3.6bn fund
The new vehicle is the largest private equity fund ever raised for investment in the technology sector.