Panda owner in line for €1bn takeover as investors eye sector
Blackstone looking to sell its stake in Beauparc, which owns Panda and Greenstar Waste company, Beauparc Utilities, has attracted takeover approaches from dozens of private equity firms after its minority shareholder, Blackstone, set about putting its stake on the market late last year, according to sources. The approaches may result in an outright purchase of the […]
Blackstone Deploys $25 Billion to Ramp Up Spending
Real estate, private equity lead record capital deployment. Firm sees growth opportunities despite pandemic challenges. Blackstone Group Inc. deployed a record $25.4 billion in the fourth quarter, as the world’s biggest alternative asset manager sealed large deals and found opportunities in an economy ravaged by the Covid-19 pandemic. New York-based Blackstone spent $11.7 billion on […]
Foley-backed SPAC nears $7.3 billion deal with Blackstone’s Alight: sources
A blank-check acquisition firm backed by veteran investor Bill Foley is nearing an agreement to take Alight Solutions LLC, the U.S. benefits services provider owned by buyout firm Blackstone Group Inc, public at a valuation of $7.3 billion including debt, people familiar with the matter said on Sunday. The deal illustrates how Alight has become […]
Schwarzman Predicts Gentler Biden Approach to Beijing
Blackstone head has been close to Trump, but he also is an investor in Chinese companies. One of Donald Trump’s biggest financial backers, Blackstone Group Chairman Stephen Schwarzman, declared that the Biden administration would take a “softer tone” regarding China, and that he expected less animosity between the two countries. Schwarzman, who also happens to […]
BlackRock is forcing finance to take climate risk seriously
“Climate risk is investment risk,” concluded BlackRock CEO Larry Fink in his annual letter to chief executives last January. With climate change rewriting core assumptions in modern finance, he argued, trillions of dollars are at stake. “Sooner than most anticipate, there will be a significant reallocation of capital,” Fink wrote. “We believe that sustainable investing […]
Buyout giant Silver Lake closes in on stake in New Zealand All Blacks
New Zealand Rugby is in advanced discussions about the sale of a stake to buyout firm Silver Lake, Sky News understands. The American private equity investor which part-owns Manchester City Football Club is in advanced talks to buy a stake in the New Zealand All Blacks, one of the most iconic names in global sport. […]
Blackstone Sees Three Asia MD Exits in a Month
Private equity giant Blackstone reportedly saw three senior managing directors in Asia leave since last month, amidst ongoing expansion in the region. Kishore Moorjani, Asia head of tactical opportunities, was the latest to resign after nine years with the firm. He will be replaced by senior partner Menes Chee, who will relocate from Blackstone’s headquarter […]
Bill Gates and Blackstone team up for £3bn Signature bid
The Microsoft co-founder Bill Gates is on the brink of joining forces with one of the world’s biggest private equity investors to mount a £3bn takeover bid for a provider of services to private jet owners. Sky News has learnt that Cascade Investment, a vehicle which manages part of Mr Gates’ personal wealth, and Blackstone […]
Blackstone Senior Floating Rate Term Fund (BSL) Ex-Dividend Date Scheduled for December 30, 2020
Blackstone Senior Floating Rate Term Fund (BSL) will begin trading ex-dividend on December 30, 2020. A cash dividend payment of $0.103 per share is scheduled to be paid on January 29, 2021. Shareholders who purchased BSL prior to the ex-dividend date are eligible for the cash dividend payment. At the current stock price of $14.34, […]
Secondary market likely to be aided by GP-led deals
Big increase in deals seen as industry adjusts after COVID-19 disruptions Alternative investment general partner-led secondary market transactions are expected to increase in 2021, giving managers additional exit options and relieving the pressure of selling companies during the COVID-19 pandemic. GP-led transactions involving single assets or portfolios are not just for troubled funds. Alternative investment […]
