Henry Kravis is, at long last, taking buyout giant Kohlberg Kravis Roberts public but a look at the deal and the firm’s ambitions means management may want it to look more like BlackRock than Steve Schwarzman’s Blackstone. When Blackstone went public last year, it was a spectacle as dollar signs...
NEW YORK -- The Blackstone Group L.P. (NYSE: BX; www.blackstone.com) announced that Blackstone and GSO Capital Partners LP have agreed in principle on terms under which Blackstone will acquire GSO. GSO is an alternative asset manager specializing in the leveraged finance marketplace, with approximately $10 billion under management. It manages...
WASHINGTON AFP — The large US private equity fund, The Blackstone Group, said Monday it was not planning a takeover bid for Anglo-Australian mining giant Rio Tinto. Blackstone issued its denial after Britain's Daily Telegraph newspaper reported earlier Monday that the private equity firm was preparing "an audacious break-up...
BEIJING AFP — US private equity giant Blackstone has joined forces with China National BlueStar to bid nearly four billion dollars for Australian agro-chemical firm Nufarm, the Financial Times reported Friday. Blackstone and the Chinese chemical maker, in which it holds a 20-percent stake, last month expressed an interest...
NEW YORK AFP — Wall Street shares fell sharply Tuesday after a monthly survey showed US consumer confidence -- a key gauge of economic well-being -- tumbled amid a deepening housing market crisis. At 1512 GMT, the Dow Jones Industrial Average was down a hefty 122.50 points (0.92 percent)...
For the third day running, the European Central Bank injected billions of euros into the banking system to ease credit markets that have almost ground to a halt. The ECB released [euro]47.7bn ([pound]32.3bn) in emergency loans to banks unable to attain financing on the open market. The...
Hilton, the most recognis-able name in hotels, is to be acquired by Blackstone in a $26bn ([pound]13bn) deal that underscores once again the might of the private equity industry. Blackstone has agreed to pay a one-third premium over the current market value of the company, which has...
Blackstone's $26bn purchase of Hilton Hotels spurs gains in leisure stocks. Plus a business press round-up Jonathan Eley London equities made further progress on Wednesday, with leisure stocks energised by news of Blackstone's purchase of Hilton. The FTSE 100 started the session up 0.3...
Byline: Robert Guy Jun 20, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Private equity group, Blackstone, is preparing to list on the New York Stock Exchange, after raising $US4.75 billion. In late June 2007, it appears that Blackstone and its adviser,...
BEIJING AFP — A new Chinese investment company charged with handling the nation's bulging reserves has agreed to invest three billion dollars in US private equity company Blackstone, the American company said. "The two companies signed a final agreement on Sunday in Beijing," Wu Kejia, a spokeswoman with Blackstone,...
POTSDAM, Germany AFP — Washington on Saturday implicitly called on China to make its economy more accessible to US investment after Beijing said it would entrust US private equity company Blackstone with 3.0 billion dollars (2.2 billion euros) to manage. US Deputy Treasury Secretary Robert Kimmitt, speaking to reporters...
It's the happiest of New Year's on Wall Street, which is positively awash in money. No, I'm not talking about the jaw-dropping eight-digit bonuses at Goldman Sachs or the even bigger unpublicized paydays for heavy hitters at some hedge funds and private equity houses. Rather, I'm talking about the money...
FRANKFURT AFP — Troubled German holding company WCM said it was in "concrete" talks to sell 31,000 apartments to US investment group Blackstone for nearly 1.4 billion euros (1.9 dollars). According to the German press, the deal could be sealed this week and is intended to ease WCM's heavy...
NEW YORK, NEW YORK, Dec 16, 2003 CCNMatthews via COMTEX -- Voluntary Tender Offer of EUR 32.50 Per Share -- Transaction with an Enterprise Value of EUR 3.1 Billion -- Celanese Management Board and Main Shareholder KPC Support Tender Offer...
Byline: William Hutchings Thomas Middleton has joined Blackstone, the alternative investment group, as a senior managing director in New York, 18 months after being dropped as Merrill Lynch's head of telecoms banking.Middleton joins Blackstone, which is one of the world's largest investors in ...
MELBOURNE, Jan 31 Asia Pulse - The joint acquisition of California-based wine company Blackstone, is expected to increase BRL Hardy Ltd's (ASX:BRL) eannual sales of around 500,000 cases by 20 per cent for the calendar year, the company said. Adelaide-based BRL joined forces with Constellation Brands Inc in...
The changing rights of legally designated officers provides a comprehensive framework for following American constitutional development over time, in both public and private settings. Rights are defined as judicially enforceable claims on the person or actions of another; development, as enduring change in constitutional provision, structure, and doctrine. It is...
KOKOMO, Ind.--BUSINESS WIRE--Jan. 29, 1997--Haynes International Inc. announced today that Haynes Holdings Inc., its parent corporation, has completed a stock purchase transaction with Blackstone Capital Partners II Merchant Banking Fund L.P. and certain of its affiliates ("Blackstone") and a stock redemption transaction with MLGA Fund II, L.P. and MLGAL Partners,...
Blackstone mulls IPO Blackstone Group is considering filing for an initial public offering, sources close to the firm say. Although a final decision has not been made, Blackstone could file within the next two weeks to sell a 10% stake, with the h ...
