The Blackstone Group
Affinity makes final bid for Australian meats firm
Affinity Equity Partners has submitted a final bid for a controlling stake in Primo Smallgoods, a source close to the deal has told AVCJ. Earlier reports suggesting that the bid for the Australian meat products company amounts to A$580 million ($622 million)...
Bright Food linked to Manassen Foods bid
China’s Bright Food Group is in negotiations to buy Manassen Foods from CHAMP Private Equity, Reuters reported, citing two people with knowledge of the matter. Australian firm Manassen, which was acquired by CHAMP in 2006, is best known for Jelly Belly...
Blackstone exited Chinese agricultural firm due to PR concerns
Blackstone Group earlier this year exited its investment in Dili Group, the parent company of a Chinese vegetable trading firm, after being warned that its involvement would complicate moves to raise prices, the Financial Times reported, citing people...
Blackstone broadens Indian IT portfolio
Blackstone is set to invest INR1.5 billion ($34 million) in Mumbai-based IT solutions firm FINO, joining existing investors such as HSBC, ICICI Bank and Intel Capital, according to Reuters.
Blackstone-backed Bluestar relaunches IPO efforts
Bluestar Adisseo Nutrition Group, which is part-owned by Blackstone Group, is targeting a $1.5 billion dual listing in Hong Kong and Paris, the Wall Street Journal reported, citing people familiar with the situation.
Blackstone's new fund tipped to reach $16b
Blackstone Group is set to raise a higher-than-expected $16 billion for its latest fund due to strong investor interest, primarily from sovereign wealth funds, Reuters reported, citing a source familiar with the matter. Last year, Blackstone COO Tony...
Blackstone, GIC unit look at LaSalle Japanese realty assets
Blackstone Group and Global Logistic Properties, which is majority-owned by the Government of Singapore Investment Corp. (GIC), are involved in separate talks to buy 20 industrial properties in Japan, the Wall Street Journal reported. The assets, thought...
Bright Food considers Treasury Wine bid - report
Shanghai-based food producer Bright Food Group is considering buying Australia’s Treasury Wine Estates, the brand that was spun off by beer maker Foster’s Group last month, Bloomberg reported.
Blackstone, SCPE vie for stake in Indian IT product distributor
Blackstone and Standard Chartered Private Equity (SCPE) are reportedly in the final bidding stages to take a nearly 15% stake in Redington India, a telecoms and IT products distributor. An announcement on the INR500 crore ($111.65 million) deal is expected...
Two more PE firms win QFLP approval in Shanghai
SB China Venture Capital and Shanghai Guosheng CLSA Venture Capital have won approval from the Shanghai government to participate in the Qualified Foreign Limited Partners (QFLP) initiative. They join The Carlyle Group, Blackstone and DT Capital Partners,...
Carlyle’s diversifies its business ahead of IPO
The carlyle Group's purchase of a 55% stake in Emerging Sovereign Group (ESG) is its second acquisition in the asset management space within seven months and a clear indication of how the private equity wants to develop its business.
Carlyle tipped to choose JPMorgan, Credit Suisse, Citi as IPO underwriters
The Carlyle Group is expected to name JPMorgan, Citigroup and Credit Suisse as the lead underwriters for its IPO, Reuters reported, citing sources familiar with the situation.
Banks pitch to underwrite Carlyle's $1b IPO
The Carlyle Group is interviewing banks seeking the mandate to manage its expected $1 billion IPO, Reuters reported, citing a person familiar with the situation. It is thought that the private equity firm will choose the main underwriters by the end of...
Pennsylvania pension fund commits $220m to private equity
Pennsylvania Public Schools Employees’ Retirement System has committed up to $220 million to private equity investments, including $50 million for Orchid Asia V, which focuses on growth capital investments in China.
PE rides M&A wave in Indian security
Blackstone has been emerged as potential acquirer of Securitrans India, the cash management arm of security services provider APS group. According to local reports, a deal worth around INR150 crore ($33.6 million) has been put together for the Delhi-based...
Blackstone closes in on Securitrans India
Blackstone is close to acquiring Securitrans India, the cash management arm of security services provider APS group, for around INR150 crore ($33.6 million), the Economic Times reported, citing a person with direct knowledge of the deal. The private equity...
China’s LP problem
A shortage of qualified investment partners is hindering foreign PE firms’ efforts to raise renminbi funds
PE sees exit multiples in India
India's private equity industry entered 2011 with high hopes that this would be a breakthrough year for exits and returns. Following a rash of sales over the past few months – culminating in Blackstone’s $630 million stake sale in Intelenet Global...
Blackstone sells Intelenet stake to UK support-services firm
Blackstone has sold its 66.25% stake in Indian BPO company Intelenet Global Services to Serco, the British support-services firm, for $634.2 million.
Rising pressures in Chinese private equity
IN THE PAST FEW YEARS, PRIVATE equity and venture capital firms have already established the industry as a credible source of financing for Chinese companies in need of capital. With the recent IPOs of Chinese entities, in particularly NASDAQ (that have...
Asia Pacific's happy returns
Asia’s exit market has picked up steam in 2011, but questions remain as to whether timing is optimal
ChrysCapital finds a bargain in India’s NCC
CHRYSCAPITAL, WHICH CLAIMS TO BE India’s largest investor in the construction business, has taken an undisclosed minority stake in Blackstone-backed Nagarjuna Construction Company Limited (NCC).
Two more firms approved by Shanghai for QFLP program
First Eastern Investment Group and a joint venture between CLSA and Shanghai Guosheng have joined Blackstone, Carlyle and DT Capital as firms approved for Shanghai's QFLP program.
Blackstone considers Intelenet divestment - report
Blackstone is said to be considering selling its 66% stake in Indian BPO firm Intelenet Global Services to British services network Serco.