The Blackstone Group
Deal focus: Riverside flourishes in Australia
The Riverside Company has notched a sizeable exit with the sale of Australia’s Energy Exemplar as the GP expands its local team and launches its fourth Australia fund
Blackstone, Vista buy Australia's Energy Exemplar, Riverside exits
The Blackstone Group and Vista Equity Partners have agreed to acquire Energy Exemplar, an Australia-based simulation software company, setting up a sizeable exit for The Riverside Company.
Blackstone's Ed Huang switches to Asia private wealth role
Ed Huang, who has spent the last two-and-a-half years as COO of The Blackstone Group’s Asia private equity business, will become the firm’s head of private wealth solutions for the region.
Indian regulator approves Blackstone's purchase of Care Hospitals
The Blackstone Group’s proposed acquisition of India-based hospital chain Care Hospitals from TPG’s The Rise Fund has won approval from the national competition regulator.
Asia private credit: Muffled momentum
The conservative virtues of private credit relative to private equity have come into fashion in a risk-off world. But global participation in the Asian side of the story will be limited
Blackstone buys jewellery certification business, China's Fosun exits
The Blackstone Group has paid USD 569.7m for 100% of Belgium-headquartered jewellery certification business International Gemological Institute (IGI), taking out investors including China’s Fosun Group.
Apax invests $450m in India’s IBS Software, Blackstone exits
Apax Partners has agreed to pay USD 450m for a significant minority stake in India’s IBS Software, a travel and logistics industry supplier, enabling an exit for The Blackstone Group.
Blackstone falls short in bid to delist India's R Systems
The Blackstone Group has failed to delist Indian IT provider R Systems due to insufficient interest from public shareholders six months after agreeing on a majority acquisition.
Blackstone completes exit from India's Sona Comstar
The Blackstone Group has completed a staged exit from India-listed automotive industry supplier Sona Comstar, selling its remaining 20.5% via bulk open market deals worth about USD 600m.
AVCJ Awards 2022: Operational Value Add: Sona Comstar
The Blackstone Group built a leader in India’s electric vehicle components space by combining – and then re-orienting – two traditional automotive players. Not even COVID-19 could stymie its progress
AVCJ Awards 2022: Deal of the Year – Large Cap: Crown Resorts
Crown Resorts represented a daunting target, given its size and pandemic and regulatory-related challenges. The Blackstone Group drew on its global know-how to make the USD 8.1bn deal work
Blackstone pursues $359m take-private of India's R Systems
The Blackstone Group has agreed to acquire a majority stake in India-based IT services provider R Systems International at a valuation of INR 29.04bn (USD 359m) and moved to delist the company.
Blackstone part-exits Indian auto components maker
The Blackstone Group has realised proceeds of INR 40.4bn (USD 506m) through a partial exit from Sona Comstar, an India-listed manufacturer of automotive systems and components that trades as Sona BLW Precision Forgings.
Blackstone set for exit from New Zealand's Partners Life
The Blackstone Group will exit its majority stake in New Zealand-based insurer Partners Life following the announcement of a full acquisition of the company by Japan’s Dai-ichi Life Holdings at a valuation of approximately NZD 1bn (USD 645m).
Blackstone backs Australia, US clean commodities platform
The Blackstone Group has led a USD 400m investment in Xpansiv, an Australia and US-based marketplace for trading clean commodities such as carbon offsets, renewable energy credits (RECs), and low-carbon fuels.
Blackstone boosts Asia credit coverage
The Blackstone Group has recruited Mark Glengarry, formerly of Anchorage Capital Group, as head of Asia Pacific origination for its credit business.
Singapore's VC-backed One Animation acquired by UK strategic
One Animation, a VC-backed, Singapore-based cartoon studio, has been acquired by Moonbug Entertainment of the UK for an undisclosed sum.
Private wealth: Talent war
A shortage of fundraisers familiar with the high-net-worth segment is being keenly felt in Asia as global GPs look to raise more capital through private bank channels
Permanent capital: A bridge too far?
GPs are increasingly looking for ways to hold assets beyond the traditional fund timeline, but perpetual and long-dated capital largely remain the preserve of global firms and smaller specialists