Page 6 - Blackstone

Blackstone to buy major stake in Sony Payment Services for $280 mn

Blackstone Inc. will take a majority stake in a payment service provider under Sony Group Corp. for about $280 million, a person familiar with the matter said

Blackstone to exit embassy office parks in biggest India block sale in FY24

Affiliates of Blackstone Inc. are seeking to exit India's Embassy Office Parks REIT in an $833 million deal that will be the country's biggest block trade this year

Blackstone to close multi-strategy fund after assets drop nearly 90%

The US-based asset manager said it had informed clients after it decided in October that its Blackstone Diversified Multi-Strategy fund would close at the end of the year

PE firms' $1.5 trn worth of assets trapped in China after market slumps

With public markets in a slump and offering unattractive valuations, buyout firms are exploring private sales

Ranjan Pai buys out Byju's Rs 1,400 cr debt with Davidson Kempner

Manipal Education and Medical Group Chairman Ranjan Pai has also secured a seat on Byju's subsidiary, Aakash

Blackstone expects most Asia deal activity in Japan and India in 2024

"India has the highest growth; it also has the most ebullient stock market," Joe Baratta, Blackstone's global head of private equity, said in an interview in Tokyo

Blackstone makes health care foray with $1 bn deals, buys Care Hospitals

Blackstone's investment commitment combining QCIL and KIMS is close to $1 bn

Blackstone enters Indian healthcare services with Care Hospitals buy

Blackstone will commit $1 billion in the hospital chain in India and hold over 75% in Care Hospitals, a source with direct knowledge of the matter said

Blackstone's Q3 profit drops 12% on weak asset sales, misses estimates

Blackstone said its net profit from asset sales fell 36% to $259.4 mn, weighed down by higher interest rates and geopolitical tensions

Ambani's Viacom18 to strike deal with Blackstone for new Mumbai HQ

Viacom, which runs TV channels and digital streaming platform JioCinema, competes with the likes of Walt Disney in India

Blackstone, Thomson Reuters raise £2 bn from LSE via overnight placing

The price represents a 3.8% discount to the exchange operator's previous close

Blackstone's private credit fund for rich lands 30% inflow, reaches $2.4 bn

Capital inflows to Blackstone Private Credit Fund, BCRED, rose 30% to $2.4 billion in the third quarter to date from the prior three months

Torrent leads race to acquire Cipla with 30% higher offer than Blackstone's

Shares of Cipla closed at Rs 1,239 apiece on the BSE on Monday, with a market valuation of Rs 1 trillion

Blackstone Group selling a 22% stake in Bellagio, says WSJ report

Realty Income, which owns more than 13,000 properties in the U.S. and Europe, is paying $300 million for the 22% stake in the casino and resort, the report said

Blackstone raises record $7 bn to finance clean energy push: Report

The Blackstone Green Private Credit Fund III surpassed its $6 billion goal

Numbers justify Fitch downgrade, says Blackstone CEO Steve Schwarzman

"The numbers justify it, regrettably," the Blackstone Inc. chief executive officer said on CNBC Friday

Cipla's impending 'takeover' by Blackstone should sadden all of us: Jairam

Senior Congress leader Jairam Ramesh on Friday said Indian pharmaceutical company Cipla is an integral part of the country's political, economic and social history and its "impending takeover" by Blackstone should sadden everyone. The Congress general secretary shared a media report on Twitter which claimed that Blackstone, the world's largest private equity fund, is set to submit a non-binding bid as early as next week to acquire the entire 33.47 per cent promoter stake in Cipla. "It was painful to learn that Blackstone, the world's largest private equity fund, is negotiating to acquire the entire 33.47% promoter stake in Cipla, India's oldest pharmaceutical company," Ramesh, who is the chairman of Parliamentary standing committee on science and technology, environment and climate change, said. Cipla was established in 1935 by Khwaja Abdul Hamied, who was profoundly impacted by Mahatma Gandhi, Jawaharlal Nehru, Sardar Patel and Maulana Abul Kalam Azad. He also played an important

Blackstone alum doubles down on Drone startups after 600% IdeaForge return

BotLab was established in 2016 at the technology business incubator unit at the Indian Institute of Technology Delhi

Blackstone, Baring in race to acquire up to 20% stake in pharma firm Cipla

Cipla shares closed 9.6 per cent up on Thursday to Rs. 1,175

Top shareholders of drugmaker Cipla looking to sell stake: Report

The company has hired an investment bank to advise on the deal, the report said