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Blackstone announced today that it will host its second quarter 2018 investor conference call on Thursday, July 19, 2018 at 11:00 a.m. ET. You can listen to the call by dialing +1 391-6747 (U.S.
Blackstone announced today that it will host a conference call for the media on Thursday, July 19, 2018 at 9:30 a.m. ET to review second quarter 2018 results.
Blackstone Group bought a large apartment complex in Roseville for almost 50 percent more than it changed hands for three years ago.
(Adds Advent International, EchoStar, Steinhoff, Abu Dhabi National Oil Co) June 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday: ** Brazil's ...
Australia's AMA Group said on Friday it has halted a deal to sell its vehicle panel repair arm to Blackstone Group for A$508 million ($375 million) following an unfavourable ruling from the Australian Taxation Office. AMA shares fell as much as 5.6 percent on the news, hitting their lowest level since April 13, when the deal was announced. AMA had also announced in April that it would separately spin off its automotive component, accessory and procurement business.
Blackstone (BX) today announced two new, additional senior hires in the firm’s Blackstone Insurance Solutions (BIS) group. Erich Schram, former Chief Investment Officer at Guggenheim Life and Annuity Company, has joined as Senior Managing Director, Head of Credit Origination and Trading, and Kevin Relihan, who was a Managing Director in Goldman Sachs Asset Management’s Insurance business, will join BIS as Managing Director, Head of Relationship Management.
As the founder of Blackstone, the world’s largest private equity group, Stephen Schwarzman is a consummate dealmaker, so he knows the difference between tangible and intangible assets. When it comes to takeovers, Blackstone does not get to buy a company for the price of its “property, plant and equipment” alone. There is a premium to pay for the intangible assets: the perceived value of an institution’s history, people and potential.
The dust is settling from a nasty hedge fund battle over credit-default swaps, enough that observers can now figure out who eked out a profit. The background: GSO Capital Partners, the credit hedge fund within Blackstone Group (BX), bought CDS tied to the debt of home builder Hovnanian Enterprises (HOV). The price of the cheapest outstanding bond set the price for the CDS, which GSO controlled by building supercheap debt. Solus Alternative Asset Management held the opposite position in CDS, and so would have had to pay up, should the CDS be triggered.
Blackstone's Equity Office, a large U.S. owner of office space, said on Wednesday it will offer flexible leasing and workspace in a deal with co-working operator Industrious that promises further ties if a joint effort in Los Angeles proves successful. Chicago-based Equity Office also said it was adopting the name EQ Office as it embraces the growing popularity of flex workspace at the six-building Howard Hughes Center in West Los Angeles, which is under renovation. Commercial real estate needs to respond to the consumer of a lease and not solely a company's leaders, EQ President and Chief Executive Lisa Picard told Reuters.
About two years after Blackstone Group LP registered India’s first real estate investment trust, the private equity giant is close to taking it public. Rising interest rates threaten to get in the way. Blackstone and local partner Embassy Group plan to file a prospectus for an initial public offering of the REIT as early as next month, a deal that may raise as much as $1 billion, people with knowledge of the matter said.
PSAV, a global leader in event experiences, announced today that it has entered into a definitive agreement to be acquired by private equity and real estate funds affiliated with Blackstone (BX) ("Blackstone") from affiliates of Goldman Sachs (GS) and Olympus Partners. PSAV delivers on its purpose of connecting and inspiring people by creating impactful event experiences. Through its deep expertise in creative, production, advanced technology and staging services, PSAV is an invaluable partner to meeting and event planners.
The hospitality REIT hasn’t yet scheduled a vote on the sale but hopes to close the deal as early as August.
MADRID/LONDON (Reuters) - Private equity firm KKR (KKR.N) is close to buying a stake in the telecom towers business of Altice (ATCA.AS), three sources told Reuters, a deal that will help the telecoms and cable group to pay down debt and reshape its European operations. Under the deal, which is being finalised, KKR will use its infrastructure fund to take a minority interest in Altice's towers subsidiary in France, the sources said.
EU antitrust regulators will decide by July 20 whether to clear U.S. private equity firm Blackstone Group's US$20 billion acquisition of a majority stake in Thomson Reuters' Financial and Risk (F&R) unit, a filing on the EU competition watchdog's website showed on Monday. Blackstone sought approval from the European Commission on June 15, according to the filing on the website. The Commission can either clear the deal with or without concessions or it can open a full-scale investigation of about four months if it has serious concerns.
EU antitrust regulators will decide by July 20 whether to clear U.S. private equity firm Blackstone Group's US$20 billion acquisition of a majority stake in Thomson Reuters' Financial and Risk unit, a ...
on Monday reiterated its commitment to a deal with Blackstone Group LP, saying the private-equity firm’s roughly $3.7 billion purchase offer it accepted last month is in the best interest of shareholders. on June 11 wasn’t a “superior proposal.” The board said that Pebblebrook’s proposal, which includes an 80% stock consideration, “doesn’t address significant price risks and uncertainties for LaSalle shareholders.” LaSalle owns 41 hotels offering a total of 10,400 guest rooms. Under the deal LaSalle and Blackstone reached last month, Blackstone would acquire LaSalle’s outstanding shares for $33.50 each.
U.S. hotel owner LaSalle Hotel Properties on Monday sided with Blackstone Group LP's $3.7 billion all-cash offer to buy the company, as it looks to thwart Pebblebrook Hotel Trust's takeover bid. LaSalle said Pebblebrook's raised cash-and-stock proposal of $37.80 per share last week was not superior as 80 percent of the offer comprised stock, which the company considers a risk for its shareholders. Pebblebrook stood pat, saying its offer remained outstanding and unveiled on Monday a 9 percent stake in LaSalle, almost double its previously disclosed holding.
Julian Robertson is the founder and chair of Tiger Management. In the previous part of this series, we discussed that he has an optimistic outlook on the US technology sector (QQQ) and the US financial sector. In this part, we’ll look at Tiger Management’s top buys in the first quarter of 2018.
LaSalle Hotel Properties picked Blackstone Group LP as its preferred suitor, thwarting months of efforts by Pebblebrook Hotel Trust to buy the luxury-hotel owner, most recently for more than $4 billion. The Blackstone transaction values the company at $4.8 billion, LaSalle said Monday in a statement. LaSalle’s board deemed a June 11 offer from Pebblebrook “substantially similar” to one it rejected before accepting Blackstone’s bid of $33.50 a share.
NEW YORK, June 15, 2018 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (BXMT) today declared a dividend of $0.62 per share of class A common stock with respect to the second quarter of 2018. Blackstone Mortgage Trust (BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America and Europe. Blackstone (BX) is one of the world's leading investment firms.
French company Teleperformance SE agreed to buy the Mumbai-based provider of business process outsourcing and contact center services.
Teleperformance has agreed to buy India-based Intelenet from U.S. private equity firm Blackstone in a $1 billion deal aimed at strengthening its specialised services business, the French company said. Intelenet's operations, including human resources and administration services primarily to the banking, financial services and insurance sectors, will help Teleperformance towards its 2018-22 targets, CEO Daniel Julien said in a statement.
Teleperformance (TEP.PA), the worldwide leader in outsourced omnichannel customer experience management, today announced that it has entered into a definitive agreement to acquire Intelenet from Blackstone (BX), a leading global alternative asset manager. Intelenet is a major global provider of high-end omnichannel customer experience management, back-office, human resources and financial & administration services. The company has more than 110 blue chip clients worldwide, mostly in the English-speaking market, India and the Middle East.
** Comcast Corp offered $65 billion for Twenty-First Century Fox Inc media assets, emboldened by AT&T Inc prevailing over the Trump administration's attempt to block a merger with Time Warner Inc. ** AT&T Inc won court approval on Tuesday to buy Time Warner Inc for $85 billion, rebuffing an attempt by U.S. President Donald Trump's administration to block the deal and likely setting off a wave of corporate mergers.