|Day's Range||0.7800 - 1.4600|
David Bahnsen, founder and chief investment officer at the Bahnsen Group, joins "Squawk Box" to discuss his favorite stock picks.
PE Daily: Blackstone to Buy ServePro | KKR Taps Soros Exec | Calpers Approves PE Overhaul Good day! Private-equity firms and their private-infrastructure peers have been eagerly snapping up data centers and cell towers in recent years.
Blackstone Group has raised $695 million (523.62 million pounds) from Mexican pension funds for its first two local private equity funds, filings showed, joining Black Rock and KKR & Co in expanding in Mexico following regulatory changes. Several of the world's top private equity managers have quietly raised billions of dollars from Mexican pension funds, known as afores, since new rules were enacted early last year, filings to the Mexican Stock Exchange and a non-public document reviewed by Reuters showed. It was not immediately clear how much in total has been raised to date in Mexico by equity managers, which include Discovery Capital Management, General Atlantic, Partners Group, Lexington Partners and HarbourVest Partners.
The deal for the largest owner and operator of private schools in the kingdom could be worth about $400 million, the people said, asking not to be identified because the discussions are private. A spokesman from GEMS Education declined to comment. Under Vision 2030, Saudi Arabia is encouraging private-sector participation in education, as it seeks to wean the economy off oil.
LP is nearing a deal to acquire cleaning- and emergency-restoration services provider Servpro Industries Inc. for more than $1 billion including debt, according to people familiar with the matter. The private-equity firm has emerged as the winner in an auction for Servpro run by investment bank Harris Williams & Co., the people said. Servpro, of Gallatin, Tenn., operates a network of more than 1,700 franchisees that specialize in fire, water, mold and other cleanup services for residential and commercial customers.
Felix Gray CEO David Roger tells us why he preferred working with PE investors, and whether VCs make less sense for certain types of startups.
NEW YORK, March 15, 2019 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (BXMT) today declared a dividend of $0.62 per share of class A common stock with respect to the first quarter of 2019. Blackstone Mortgage Trust (BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia. Blackstone (BX) is one of the world's leading investment firms.
’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.
Blackstone announced today that private equity funds managed by Blackstone have entered into a definitive agreement to acquire AYUMI Pharmaceutical Corporation , a leading specialty pharmaceutical company in Japan focused on Anti-Rheumatism and Orthopedics, from Unison Capital, an independent private equity firm based in Japan, and M3, Inc., a medical information site business.
New data suggests investors in single-family homes as rentals in Sacramento County are going to see their best year in eight years in 2019.
Blackstone Group said on Friday it had agreed to buy Japanese drug maker Ayumi Pharmaceutical Corp, a deal one person said was worth around $1 billion. The deal marks the first one in Japan by the U.S. private equity (PE) firm after it set up a local team in 2017 to broaden its focus beyond property transactions. Blackstone will acquire the maker of anti-rheumatism drugs from PE firm Unison Capital and medical information site business M3, Blackstone said in a statement.
The decision by Oaktree, led by distressed debt investor Howard Marks, to sell a majority stake of itself comes after a sustained period in which its stock has underperformed the broader market. Oaktree's stock is down around 13 percent in the last five years, even after a price bump on Wednesday following the deal's announcement. By comparison, the S&P 500 Index is up more than 50 percent over the period and Blackstone's share price is up 4 percent.
In the latest trading session, Blackstone Group (BX) closed at $34.22, marking a +1.74% move from the previous day.
Disney’s Fox Acquisition Just Cleared Its Final Regulatory HurdleRegulatory approval for Disney-Fox acquisition On March 11, the Walt Disney Company (DIS) finally received antitrust approval from Mexico’s telecommunications regulators for its
Blackstone Group LP’s infrastructure fund, which is anchored by Saudi Arabia’s Public Investment Fund, is keen to buy part or all of EDP Renovaveis SA, in particular the firm’s U.S. portfolio, according to people with knowledge of the matter. Blackstone Infrastructure Partners could also team up with the utilities, they said.
Just weeks before Spain holds elections, the Socialist government limited rent increases to the inflation rate in new contracts for the country’s six million apartments. The emergency decree threw a curve ball to investors including Blackstone Group, which has spent billions of dollars acquiring property in a bet on the recovery of the real estate market after Spain’s 2012 financial crash. While rents jumped about 60 percent in Madrid and Barcelona in the 2014-2017 period, according to BNP Paribas Real Estate, annual hikes will be held to inflation, currently 1.1 percent.
The REIT, which includes Embassy Group properties, will offer as many as 158.6 million units at 299 rupees to 300 rupees apiece, according to terms for the deal obtained by Bloomberg. It will start taking orders from anchor investors Friday before moving on to a public offering March 18 through March 20, the terms show.
Private equity firm Blackstone has made a bold effort to muscle investment banks out of buyouts, using its credit division to offer a €1.5bn loan to back a deal done by its rival, Advent International. ...
Tallgrass Energy, LP (TGE) and Blackstone (BX) today announced that affiliates of Blackstone Infrastructure Partners (“BIP") have closed the purchase of 100 percent of the membership interests in TGE’s general partner, as well as an approximately 44 percent economic interest in Tallgrass Energy from affiliates of Kelso & Company, The Energy & Minerals Group and Tallgrass KC, LLC, an entity owned by certain members of TGE’s management, for total cash consideration of approximately $3.2 billion. Affiliates of GIC, Singapore’s sovereign wealth fund, and Enagás, a Spanish energy company, are minority investors in the transaction. Tallgrass Energy, LP (TGE) is a growth-oriented midstream energy infrastructure company operating across 11 states with transportation, storage, terminal, water, gathering and processing assets that serve some of the nation’s most prolific crude oil and natural gas basins.
Inside Amazon’s Deal with Walt Disney’s YES Network(Continued from Prior Part)Amazon to get a stake in YES networkOn March 8, Amazon (AMZN) along with Blackstone (BX) and Sinclair Broadcast Group (SBGI) agreed to partner with the New York
Blackstone (BX) today announced that its global credit platform, GSO Capital Partners (GSO), is further expanding its North American origination effort to include two new office locations in San Francisco and Toronto. GSO currently has offices in New York, London, Dublin, Houston, Frankfurt and Southern California. The new offices will provide regional presence to strengthen existing relationships and expand GSO’s ability to reach new customers in two important North American markets.
Inside Amazon’s Deal with Walt Disney’s YES NetworkAmazon seeks to purchase YES NetworkAmazon (AMZN) and other investors have reportedly made a deal with the New York Yankees to buy back Walt Disney’s (DIS) regional sports network YES (Yankee
In, out, shake it all about. No one has ever performed the Hokey Cokey — a kid’s party dance in some anglophone countries — on the scale of HNA . In its latest flash sale, the conglomerate from China is ...