Bridgepoint went public. Executive rewards stayed private
The first UK private equity firm to list in decades has kept lucrative carried interest payments under wraps Blackstone’s Stephen Schwarzman made $610.5m in pay and dividends last year. KKR’s Henry Kravis and George Roberts received $80.6m and $84.5m respectively. The regular disclosure of the US private equity executives’ income, which dwarfs that of most […]
Private Equity Firms All Want the Same Thing: British Companies
Flush with capital, the funds have gone bargain hunting in Britain, snapping up everything from supermarkets to defense companies. It began as a market stall in West Yorkshire, selling eggs and butter just before the turn of the 20th century. Today that market stall is Morrisons, Britain’s fourth-largest supermarket chain, with nearly 500 stores and […]
MetLife Investment Management originates USD6.4bn in private placement debt and private structured credit for H1 2021
MetLife Investment Management (MIM), the institutional asset management business of MetLife, originated USD6.4 billion in private placement debt and private structured credit for the first half of 2021 across 107 transactions. This included USD1.2 billion of investments originated on behalf of unaffiliated institutional clients. MIM’s total private placement debt and private structured credit assets under […]
Forbes to merge with Spac as Axel Springer buys Politico
Forbes has agreed to go public via a merger with a special purpose acquisition company that values the US business news outlet at $630m, making it the latest in a string of eye-catching deals in the media industry. News of the deal came as Axel Springer, the German publishing group backed by private equity firm […]
KKR Launches Net Lease Investment Platform Strategic Lease Partners
KKR, a leading global investment firm, today announced the formation of Strategic Lease Partners (“SLP”), a new platform to invest in a diversified portfolio of triple-net lease (NNN) real estate. KKR’s investment, primarily from its credit and real estate funds, will position the platform to acquire over $3 billion in assets. Veteran net lease investors […]
KKR Announces First Debt Investment by KKR Real Estate Select Trust
KKR, a leading global investment firm, today announced that KKR Real Estate Select Trust Inc. (“KREST”) has provided a mezzanine loan to leading urban real estate firm, Crescent Heights, to support the refinancing of NEMA Chicago, an 800-unit luxury residential building located in the heart of Chicago’s South Loop. This represents KKR’s first debt investment […]
SoftBank Vision Fund and Carlyle Group backed India’s logistics start up Delhivery to file $1B IPO in October
Indian logistics and supply chain startup Delhivery plans to file a draft prospectus by October to raise $1B in IPO. Founded in 2011 by CEO Sahil Barua, Delhivery is a logistics and supply chain services company in India, backed by the SoftBank Vision Fund, Carlyle Group, Fosun International, Tiger Global and Times Internet and others […]
Meditation App Headspace to Merge With Blackstone-Backed Ginger
Headspace Inc., which makes a popular meditation app, will merge with Ginger, a company recently valued at $1 billion by investors including Blackstone Group Inc. — creating one of the largest startups focused on mental health. The combined entity will be called Headspace Health, the companies said in a statement Wednesday. Headspace Health will have […]
QTS Realty Trust Stockholders Approve Acquisition by Blackstone Funds
QTS Realty Trust (NYSE: QTS) (“QTS” or “the Company”) today announced that, at a Special Meeting of Stockholders held earlier today, QTS stockholders voted to approve the acquisition of QTS by affiliates of Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc. and Blackstone Property Partners. “I thank our stockholders for their strong support of […]
Deca Dental Group Announces Strategic Investment From Blackstone Tactical Opportunities
DECA Dental Group (“DECA” or the “Company”), a leading dental services organization, today announced a strategic investment from funds managed by Blackstone Tactical Opportunities (NYSE: BX; “Blackstone”). This partnership will help fuel DECA’s continued expansion, giving more dentists a platform to provide high quality, patient-centric, and convenient care to communities across the country. Founded in […]
