The PE major and its joint venture partners are planning Reits for office assets
PE behemoth beats Warburg Pincus, Temasek for 15%
If the deal went through, it would have been the fourth mall bought by Blackstone
Blackstone is the largest real estate private equity firm in the world with $102 billion of assets under management
TeamHealth has been the target of activist investor Jana Partners since February, when the hedge fund disclosed an eight per cent stake in the firm
Inching closer to become No 2 mall owner in the country
This is the fourth mall Blackstone has bought in the country in the last two years
Blackstone is also setting up a separate team for managing retail assets, headed by Vikram Garg
Acquisition will be done through Marble II Pte, part of Blackstone Group
Valuation of close to Rs 25,000 crore with those of partners, one of which says process could take a year more
Economic net income, a measure of earnings that reflects both realised and unrealised investment gains, dropped to $370.7 million
Blackstone and GIC buy out malls as yield from office space suffers
Private equity (PE) firm Blackstone is not only the biggest PE investor in Indian real estate, but is also the largest investor in India's information technology (IT), IT-enabled services, and technology sectors.With the $1.2-billion Mphasis buy, Blackstone has invested $2.15 billion across nine deals, with the PE major signing deals worth $1.6 billion in 2016 till April 4, according data from VCCEdge, the financial research platform of VCCircle.com.At $850 million, Bain Capital is the second largest investor with two deals, followed by Apax Partners ($577 million in five deals), ChyrsCapital ($573 million, 18 deals), and Baring Private Equity ($449 million in four deals).PE firms have pumped in nearly $20 billion across 2,844 deals.In terms of deal volume, Sequoia has executed the most number of deals (116 deals worth $446 million), followed by Accel India (116 deals, $144 million), Blume Ventures (93 deals, $446 million), Nexus India Capital, and Helion Venture Partners.
The deal with Mphasis is one of the largest buyout deals in IT services sector
Blackstone will pay a purchase price of Rs 430 per share to Hewlett Packard Enterprise
HP owns roughly 60.5% stake in Mphasis and had been looking to exit from the Indian venture
The price is about $450 million more than Blackstone paid for Strategic in December