U.S. Markets closed

[$$] Blackstone Backs First Buyout in Japan After Hiring Push

’s two-year hiring push in Japan has paid off with the firm’s first buyout of a Japanese company. Blackstone said on Friday it agreed to purchase Ayumi Pharmaceutical Corp., a Japanese specialty pharmaceutical company focused on the treatment of rheumatoid arthritis and other orthopedic conditions. The acquisition results from an effort by Blackstone to ramp up its presence and its investments in the region over the past couple of years.