The Blackstone Group
Blackstone’s Bluestar goes out with HK market slide
Bluestar Adisseo Nutrition Group, the Hong Kong-registered animal feed producer owned by the Blackstone Group and China National BlueStar (Group) Co., a wholly-owned subsidiary of China National Chemical Corporation (ChemChina), has cancelled plans to...
Blackstone-backed Bluestar Adisseo Nutrition Group cancels Hong Kong IPO
Bluestar Adisseo Nutrition Group, the Hong Kong-registered animal feed producer owned by Blackstone Group investee China National BlueStar (Group) Co., has scrapped its planned listing on the Hong Kong Stock Exchange this month, due to the sudden onset...
MBK lands 2010’s biggest exit with CNS
In October 2006, the month when Partners was labeled the frontrunner to buy 60% of Taiwanese cable giant China Network Systems (CNS) for $1.6 billion, the firm was dubbed ‘fledgling’ by one global financial publication.
Blackstone-backed China National BlueStar intends to buy Norwegian solar cell maker
China National BlueStar, the Chinese specialty chemicals company partly owned by US buyout firm the Blackstone Group, is reportedly in talks to acquire some or all of Norwegian solar cell maker Elkem AS, owned by a Norwegian conglomerate Orkla ASA.
MBK exits CNS to Want Want in 2010's biggest Asia result
MBK Partners has completed its exit from Taiwanese cable investee China Network Systems (CNS), selling its 60% stake to the head of local conglomerate Want Want China Holdings for $2.4 billion in 2010's largest Asian private equity exit, and nixing expectations...
Blackstone and Warburg Pincus-backed Kosmos Energy receives $5 billion bid from CNOOC
China National Offshore Oil Corp. (CNOOC), China’s third largest oil SOE, and Ghana National Petroleum Corp. have jointly bid in cash to acquire the Ghanaian assets of Kosmos Energy, whose Dallas-based parent is controlled by Warburg Pincus and the...
Entrepreneur Ajay Piramal may sell PE fund to international PE players
Indian entrepreneur Ajay Piramal, associated with pharmaceutical and real estate deals, is reportedly set to exit his real estate PE firm Indiareit Fund Advisors, via a sale to PE firms and other international finance institutions.
Blackstone, Olympus eye Guangdong Yinda Guarantee
Chinese credit guarantee firm Guangdong Yinda Guarantee Investment Group Co. has attracted the attention of private equity investors including the Blackstone Group and Olympus Capital looking to link with the company ahead of an anticipated IPO, local...
Barclays buys back into India's Intelenet via Blackstone sale
The Blackstone Group has sold a 12.75% stake in Indian BPO consultancy investee Intelenet Global to the UK's Barclays for an undisclosed price, three years after Blackstone bought out Barclay's stake in Intelenet.
Bank of America Merrill Lynch Asia realty fund's GP responsibilities also to transfer to Blackstone
Following earlier reports in July on the transfer of management of the $2.65 billion Bank of America Merrill Lynch (BoAML) Asian Real Estate Opportunities Fund to US private equity leader the Blackstone Group, LP investors are poised to receive approximately...
Russian roulette for PRC investing
Risk, rewards and everything in between: the promise of returns in China
Buyout firm among bidders for Korea's Woori Bank
The South Korean government has narrowed the field of potential bidders in the $6 billion privatization of Woori Finance Holdings to four, including one buyout fund, according to a government spokesperson.
China reshapes the world?
China's rise to private equity superpower status is the subject of much comment in AVCJ lately and elsewhere; but one less immediately obvious implication is the prediction made by David Patrick Eich of Kirkland & Ellis, that “China will have a profound...
India to set up $11 billion energy infrastructure investment fund
The Indian government is on track to launch an INR500 billion ($11 billion) infrastructure fund to finance opportunities in the burgeoning domestic power industry.
Reliance/GTL deal off
The $11 billion merger of Reliance Infratel, Reliance Anil Dhirubhai Ambani Group's cellular tower arm, and Indian independent telecoms major GTL Infrastructure, has been called off after parties failed to reach an agreement, nixing prospects for investment...
Hero Honda's motor stalled
Honda’s motor has reportedly stalled in its attempt to divest its 26.21% stake in its Indian Hero Honda subsidiary as Honda, Hero Honda’s promoters, and private equity suitors have not agreed on the valuation of the stake.
Blackstone partners in Great Eagle's Dalian development
US private equity firm the Blackstone Group has agreed to support a housing development project launched by Great Eagle, the Hong Kong real estate development group, in Dalian in northern China.
Blackstone's Indian power trip
The Blackstone Group looks to be eyeing India’s power industry in a big way, with its country chairman announcing that the global firm may pump $1 billion into the sector, coming off the back of its $300 million investment in power developer Moser Baer...
Bain, Macquarie, Permira in frame for MBK's CNS
Bain Capital and the UK's Permira Advisers, as well as Macquarie Group, are among the final bidders selected by MBK Partners for its Taiwanese cable investee Cable Network Systems (CNS), which could fetch up to $2.5 billion, according to reports.
Hana in line for Woori, may target KEB
Hana Financial Group, Korea's fourth-largest lender, has emerged as the sole current contender for Woori Financial Group, with the Blackstone Group apparently not putting forward its expected bid, though Hana has said it also may consider a bid for Lone...
SAIF gets juice from Huiyuan
SAIF Partners has picked up a 22.98% stake in Chinese beverage company Huiyuan Juice Group from French food group Danone, purchasing the tranche for about $260 million, one year after the Chinese government foiled Coca-Cola Co.’s bid to acquire Huiyuan...
Woori auction to be managed by three investment banks
Two Korean investment banks and one foreign player are expected to be selected to manage the 6.7 trillion won ($5.7 billion) auction for the government’s 57% stake in Woori Financial Holdings, the country's third-largest banking group that will undergo...
Blackstone slates final close for debut RMB fund
One of the largest global private equity players, the Blackstone Group, expects the final close at RMB5 billion ($737.8 million) for its first RMB-denominated fund by September.
Angel Broking seeks PE capital
Indian stock broking and wealth management firm Angel Broking has reportedly approached private equity firms to raise $64 million through the sale of a minority stake.