Page 7 - Blackstone

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

Blackstone on brink of $1 trn milestone in first for private equity

Private equity firms have risen to power major tracts of the US economy

Blackstone Group top bidder for ESR, German investor Allianz platform

Eyes 90% stake for about Rs 2,000 cr

Blackstone-backed REIT Nexus Malls pre-opens 3% higher in trading debut

Shares of Nexus Select Trust, a Blackstone Inc-backed Indian retail REIT, pre-opened 3% higher at 103 rupees in their trading debut on Friday

Blackstone to pay up to $550 million to acquire diamond grading firm IGI

Blackstone, the world's largest private equity firm is likely to sign an agreement with Fosun and IGI's other shareholders by the end of this week

Blackstone sells stake worth $450 mn in SaaS firm IBS Software to Apax

Blackstone reached agreement to sell its stake in Kerala-based software-as-a-service (SaaS) provider IBS Software to global private equity firm Apax for $450 million

Blackstone's delisting offer for India's R Systems International fails

The US investment fund failed to draw enough interest from public shareholders

Nexus Select Trust to raise Rs 3,200 crore through IPO next week

The Nexus Select Trust has a retail portfolio of over 3,000 stores, a total occupancy rate of 95 per cent and an annual footfall of over 130 million shoppers

Blackstone backed Nexus Malls sets IPO price band at Rs 95-100 per unit

India's Nexus Malls, Blackstone Inc-backed mall real estate investment trust portfolio, has set price band for its 32 billion rupees initial public offering at 95 rupees to 100 rupees per unit

CCI gives nod to Blackstone-Emerson Electric Co acquisition deal

The Competition Commission of India (CCI) on Friday said it has granted its approval for the stake acquisition in climate technologies' business of Emerson Electric Co by BCP Emerald Aggregator LP. BCP Emerald Aggregator LP is an affiliate of US-based alternative asset manager Blackstone. The deal has been cleared under the green channel route. The proposed transaction relates to the acquisition by BCP Emerald Aggregator LP (Buyer) of a majority stake in the climate technologies business of Emerson Electric Co (Seller), according to CCI. The regulator has also approved the proposed investment by Stamford Bridge Investment Pte Ltd, an SPV of GIC (Ventures) and Platinum Falcon B 2018 RSC Ltd (Platinum), in BCP Emerald Aggregator LP. GIC (Ventures) is a subsidiary of Singapore's sovereign wealth fund GIC, while Platinum is an affiliate of the Abu Dhabi Investment Authority (ADIA). Emerson Electric Co designs and manufactures products and delivers services to a wide range of industri

Blackstone arm to launch India's first retail REIT, raise Rs 4,000 cr

The retail REIT public offer is expected to raise around Rs 4,000 crore, of which Rs 1,600 crore would be primary public offerings

Blackstone-backed Nexus Select likely to launch retail REIT IPO in May

Global investment firm Blackstone-sponsored Nexus Select Trust is likely to launch India's first retail REIT public offer in early May to raise up to Rs 4,000 crore. In November last year, Nexus Select Trust filed the draft red herring prospectus (DRHP) with market regulator Sebi to launch its retail REIT (Real Estate Investment Trust). Nexus Select Trust has a portfolio of 17 operational shopping malls across 14 major cities, covering a 9.8 million square feet area valued at around Rs 23,000 crore. According to sources, the Nexus Select Trust is likely to hit the capital market in early May with its REIT IPO. It is expecting to get the Sebi nod soon. The size of the IPO of Nexus Select Trust REIT will be around Rs 4,000 crore, of which Rs 1,600 crore would be a primary offering of shares. This will be the third REIT sponsored by Blackstone. It launched India's first REIT Embassy Office Parks and then Mindspace Business Parks REIT. REIT, a popular instrument globally, was introd

Blackstone secures $30.8 billion for latest global real estate fund

India may receive 5-10% of it, say industry experts

Blackstone Inc raises $30.4 billion for its latest real estate fund

The fund, called Blackstone Real Estate Partners X, is 48% bigger than the asset management giant's previous real estate fund which closed in 2019