Page 10 - Blackstone

Blackstone's $250 mn to make Simplilearn world's top digital skills co: CEO

The firm, which is already global, will use the funding to double down in its primary markets such as the US and India and expand in Europe and LatAm

Blackstone to acquire majority stake in Simplilearn for $250 million

Simplilearn Solutions on Monday said Blackstone will acquire a majority stake in the edutech company for USD 250 million (about Rs 1,860 crore). Private equity funds managed by Blackstone have entered into a definitive agreement to acquire a controlling stake in Simplilearn Solutions, a statement said. Simplilearn founder and CEO Krishna Kumar said Blackstone is investing USD 250 million in the company. The previous investors - Kalaari Capital, Helion Venture Partners and Mayfield Fund - have exited now, but the management of Simplilearn remains the same and their stake will also remain unaffected, he told PTI. Details of the quantum of the stake being bought and valuation of Simplilearn were not disclosed. Simplilearn was founded in 2010 and the company has been profitable for the fourth year in a row. The platform offers over 100 programmes to help early to mid-career professionals acquire new-age digital skills across cloud, DevOps, data science, artificial intelligence and ..

Blackstone invests $250 mn in edtech firm Simplilearn, gets majority stake

Indian startup company offers more than 100 programmes to help early to mid-career professionals

Tiger Global-backed Bright Health raises $924 million in US IPO

Bright Health priced 51.3 million shares at $18 per share and had issued a targeted price range of $20 to 23

Plan to grow annuity portfolio to over Rs 2,800 crore: Prestige Estates CEO

Venkat K Narayana, CEO of Prestige Estates Projects, tells Raghavendra Kamath that residential sales will do well due to multiple factors, and that demand for office properties will remain robust

Blackstone makes further push into US suburban housing with $6-bn deal

The firm agreed to buy single-family rental company Home Partners of America Inc

Blackstone to buy out office developer SOHO China in $3-billion deal

The founders of the Chinese office developer will retain a 9% stake in the company

Blackstone will take QTS Realty private in $10-billion all-cash deal

The equity value of the deal stands at $5.37 billion, according to Reuters calculations, based on 68.9 million outstanding shares, as of April 29

Blackstone acquires media firm International Data Group for $1.3 billion

Leading investment firm Blackstone has acquired media and data company International Data Group (IDG) for $1.3 billion

Mphasis on alpha returns: Why Blackstone finds Indian IT so attractive

The expansion of its stake in the mid-size IT services company is part of a trend of PE players betting big on the Indian IT sector

Revenue from Blackstone channels can double in 3 years: Mphasis CEO

In Q&A, Nitin Rakesh dwells on business prospects, M&A opportunities and what Blackstone now brings to table

Blackstone closes in on warehousing developer Indospace for top spot

Logistics is one of Blackstone's core investment themes globally. Since 2010, Blackstone has acquired more than 1.2 billion square feet of logistics

Blackstone buys Embassy Industrial Parks from Warburg JV for Rs 5,250 cr

Embassy Industrial Parks is comprised of 10.6 million square feet of modern logistics and warehousing assets

Blackstone Group elevates India PE head Amit Dixit to head of Asia PE

Under Dixit, Blackstone did many big ticket deals in India, including a deal to acquire Piramal Glass from Ajay Piramal group at an enterprise valuation of Rs 7,500 cr

Blackstone chief Schwarzman commits $5 mn to India in pandemic aid

The Wall Street-headquartered alternative investment management giant Blackstone on Wednesday announced a $5-million aid to help India to fight the raging coronavirus pandemic

PE Player Blackstone bets big on Mphasis, to acquire additional 26% stake

Blackstone, Abu Dhabi Investment Authority, UC Investments and GIC to invest $2.8bn to acquire majority stake

Mphasis surges 6% as Blackstone to buy controlling stake in firm

Blackstone had bought around 61 per cent stake in Mphasis from Hewlett Packard Enterprise in 2016 in a deal worth up to $1.1 billion

Blackstone to buy controlling stake in Mphasis for up to $2.8 billion

Leading investment firm Blackstone on Monday announced to acquire a controlling stake in IT services firm Mphasis for up to $2.8 billion

ESR, GIC to buy Australian logistics property portfolio from Blackstone

Logistics real estate manager ESR Cayman Limited said it will join with Singaporean sovereign wealth fund GIC to buy an Australian portfolio from Blackstone for $2.9 billion

Embassy in talks with Blackstone to sell warehouse biz for Rs 1,800 crore

Realty firm Embassy group is in the advance stage of talks with global investment firm Blackstone to sell its warehousing and industrial parks business at an enterprise value of around Rs 1,800 crore