According to a report from Bloomberg, Orix Corp, a Japanese financial services group, is likely to divest its software business Yayoi Co for more than $1.75 billion (200 billion yen). Blackstone Inc and Bain Capital are among its bidders, said… Read More ›
In a statement Hudson Pacific Properties and Blackstone said, they plan on creating a major film, TV and digital production complex in Broxbourne, UK. The development marks the first overseas expansion of their Sunset Studios platform. The two companies had… Read More ›
According to two sources close, Scott Bommer, a former hedge fund manager, is set to launch a hybrid hedge fund and private equity fund under Blackstone Group with close to $2 billion in assets. The bulk of the capital raised for… Read More ›
According to two sources familiar with the matter at hand, Blackstone Group is committing $150 million in start-up capital to a hedge fund that is run by a former senior executive at Lone Star Funds. According to one of the… Read More ›
Late on Friday, Blackstone Group’s Gavilan Resources LLC filed for Chapter 11 bankruptcy citing oil price collapse and a bitter legal battle with a partner. Formed following the $2.3 billion acquisition of Texas shale oil properties in 2017, Gavilan listed… Read More ›
In a statement, Goldman Sachs’ merchant banking unit and Wellcome Trust, a medical charity, stated they have agreed to sell iQ, a British student accommodation company to Blackstone for $6.06 billion (4.66 billion pounds). Outside of North America, Britain is… Read More ›
The move underscores the strong confidence Blackstone has on Aaron Wertentheil. Competition for Blackstone’s seed funding is always fierce although critics say, the performance record of the seeder can be uneven no matter how thorough the due diligence. According to… Read More ›
Macro and micro economic conditions makes investment opportunities in India a lucrative option. In an interview published by the Economic Times on Friday, Blackstone’s chairman Stephen Schwarzman stated, given India’s current scenario, this is the best time to invest in… Read More ›
The move will place it in direct competition with Berkshire Hathaway Inc and Blackstone Group. As per a source familiar with the matter at hand, BlackRock Inc, the world’s largest asset manager, plans on raising around $10 billion as part… Read More ›
J. Tomilson Hill, billionaire art collector, the firm’s esrtwhile Chief executive, has passed the baton to John McCormick; Hill will remain as its chairman. Having being at the helm of the world’s biggest hedge fund, with around $74 billion in… Read More ›
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