The Blackstone Group
Blackstone, Carlyle and DT Capital approved for QFLP pilot
Three private equity firms, Blackstone, the Carlyle Group and local representative DT Capital, have received approved from the Shanghai government for its Qualified Foreign Limited Partners (QFLP) scheme says a report by Reuters.
Australian cleaning company rejects private equity bid
Spotless Group, a ASX-listed Melbourne-based cleaning services company, has rejected a conditional $700 million bid from a private equity firm, Blackstone, reported by Reuters.
ChrysCapital finds a deal in NCC
ChrysCapital, which claims to be India’s largest construction investor, has taken an undisclosed minority stake in Blackstone-backed Nagarjuna Construction Company Limited (NCC).
Blackstone set to buy second distressed Oz property firm
Debt-burdened Australian real estate firm Valad Property Group is reportedly in talks with Blackstone for a possible buyout, according to The Australian, in a deal that could be worth A$220 million.
Cargill to raise Asian food fund says report
Cargill’s private equity arm, Black River Asset Management, is planning to raise a $400 million fund focused on the food in Asia, reports Reuters. According to the article, the proposed fund, called Black River Capital Partners (Food) Fund, has already...
Blackstone RMB fund approved for QFLP
The Blackstone Group’s RMB denominated domestic Chinese private equity fund has been approved for the Qualified Foreign Limited Partner (QFLP) program by the Shanghai authorities according to a report by Bloomberg.
Blackstone reports first close for its RMB fund
The Blackstone Group has recorded a first close its maiden RMB fund named the Shanghai Blackstone Equity Investment Partnership. In a press release, Blackstone has confirmed that the fund, which has set target size of RMB 5 billion ($765 million), has...
Apollo takes step forward with IPO, two steps back
On March 22, Apollo Global Management LLC was confident that its imminent IPO prospects were solid. One of its aims was to join fellow private equity giants Blackstone and KKR in going public. In fact, the Apollo event was widely seen as likely to re-ignite...
Blackstone goes VIP
Blackstone has taken a 2% stake in Indian travel gear retailer VIP Industries for INR36-40 crore ($8-$9 million) through a rare open market transaction for the firm, with reports adding the PE major may up its stake to 5% in the future.
Fundraising – a game changed
Whether investors are intensely focused on emerging markets, just more reticent to commit capital generally, or simply waiting for more economic certainty, there is no question that fundraising for Australian funds will continue to be difficult. In speaking...
Blackstone pays $9.4b for Centro's US assets
In what is classified as Blackstone’s largest deal since the onset of the financial crisis, the buyout firm has bested two rivals to acquire distressed Australian shopping mall owner Centro Properties Group’s 588 real estate assets in the US, paying...
Morgan Stanley in talks over Shanghai Motel Management
US investment bank Morgan Stanly is reportedly in the process of speaking with European hotel group Accor SA about the sale of its majority controlled motel chain operator, Shanghai Motel Management.
The alternative perspective
Thanks to the global financial crisis, finding desirable special situation investments in Australia has been a less than arduous task. However, with economic conditions continuously improving down under, those closest to the asset class maintain that...
CIC and Blackstone enter Japan’s distressed space
China Investment Corporation, China’s $300 billion sovereign wealth fund, has reportedly joined forces with US investment giant, the Blackstone Group, to purchase Morgan Stanley’s Japanese loan portfolio at a major discount, according to news reports.
Chinese food groups are outdoing PE in industry M&A
Formidable Chinese corporations have garnered attention for their rising status and robust earning potential, but major players have largely been slow to acquire global brands, much less act as rivals to global PE firms in target acquisitions. That may...
Blackstone names ING's Martin Donnelly MD in Sydney
The Blackstone Group has hired ING Investment Management Australia's Deputy CEO Martin Donnelly as a Managing Director in its Sydney office, charged with heading business development and client relations in Australia and the Pacific Rim for Blackstone...
Centro shortlists Blackstone, Morgan Stanley and NRDC - reports
Australian shopping mall owner Centro Properties Group has shortlisted three investors to bid for its 600 properties in the US: the Blackstone Group, Morgan Stanley and NRDC Equity.
Blackstone eyes first Indian real estate investment - reports
Blackstone is reportedly set to make its first real estate investment in India – an INR200 crore ($44 million) injection in a Bangalore-based firm’s project, according to the Business Standard - coming as the PE giant has been making advances in the...
Blackstone investee buys Norwegian firm
China National Bluestar, a government-run chemicals firm backed by the Blackstone Group, is set to purchase Elkem, a Norwegian maker of silicon and renewable energy products for $2 billion, marking one of the largest acquisitions of a European company...
Blackstone caps Shanghai Jinfeng interest in RMB fund
The Blackstone Group may raise not more than RMB 300 million ($45.3 million) from Shanghai Jinfeng Investment Co., Ltd. for its RMB denominated fund.
Blackstone among suitors for Australia's Centro Properties
Debt-burdened Australian shopping mall owner Centro Properties Group is entertaining an acquisition bid from the Blackstone Group for its more than 700 Australian, New Zealand and US properties, with other PE majors also said to be eyeing the assets.
Blackstone charges Michael Chae with leading PE practice in Asia
Senior Managing Director in the Blackstone Group’s private equity group Michael Chae has been elevated to the role of Head of Private Equity in Asia, relocating to Hong Kong from New York for the role.
Blackstone may partner with Chinese food group to bid for GNC
US private equity giant Blackstone Group has emerged as the potential joint bidder for GNC Holdings Inc., a US nutritional products retailer, alongside Bright Food Group Co., the Shanghai-based food and dairy company in a deal estimated at $2.5-3 billion,...
Jury still out on Shanghai RMB QFLP program
The reported approval by China's State Administration of Foreign Exchange (SAFE) of a $3 billion quota for the Shanghai municipal government to allow foreign currencies to be converted into RMB for investing into local private equity funds has been hailed...