blackstone group lp/the (BX) Key Developments
Blackstone Reportedly Nears Acquiring Stake In GEMS
Aug 29 14
The Blackstone Group L.P. (NYSE:BX) is close to a deal to acquire a 20% stake in Global Education Management Systems Limited (GEMS), Arabian Business reported. Fajr Capital Limited has joined Blackstone to invest in GEMS. A deal may be agreed upon in the next coming weeks, with the deal predicted value to be at about $350 million.
Blackstone And TPG Reportedly Near For Kensington Deal
Aug 27 14
Blackstone Group LP (NYSE:BX) and TPG Capital, L.P. are nearing a deal to acquire Kensington Group plc from Investec Group Limited.
Private Equity Firms Reportedly Eyes Stake In CMS Info Systems
Aug 27 14
Baring Private Equity Asia, Bain Capital, LLC, The Carlyle Group LP (NasdaqGS:CG), Apollo Global Management, LLC (NYSE:APO), Advent International Corporation and Apax Partners LLP are eyeing to take control of CMS Info Systems Pvt. Ltd., as-The Blackstone Group L.P. (NYSE:BX) has decided to put the firm on the block, reported Economic Times. Blackstone has recently initiated the process and has mandated Rothschild to help them find a new buyer, said multiple sources involved directly. Economic Times added that interestingly, so far, only large financial sponsors have been approached and other global strategic players who compete with CMS have been left out, leading many to speculate that the company does not want to open its books and other commercial details to competition. However, there is a possibility that the Grover family too may exit along with Blackstone. These talks are however still preliminary in nature. A Blackstone India spokesperson told ET, in response to a detailed questionnaire, "We do not comment on any speculation, market or otherwise." Spokespersons of the Apax, Bain, Apollo did not want to comment on rumours while mails sent to Shweta Jalan, Advent's India Head and Managing Director, did not get any reply till the time of going to press.
Blackstone Reportedly To Buy Stake In Blueridge SEZ
Aug 26 14
The Blackstone Group L.P. (NYSE:BX) reportedly to buy two phases in the BlueRidge special economic zone for INR 1,000 crore from IDFC Private Equity and Paranjape Schemes (Construction) Ltd.
Blackstone Is Reportedly Close To Buy 50% Of Embassy Services
Aug 22 14
The Blackstone Group L.P. (NYSE:BX) is close to buying 50% stake in Embassy Services Private Limited from Embassy Property Developments Private Limited for INR 4 billion, two people familiar with the matter said. “Once Blackstone and Embassy Property go ahead and list some of projects in the form of a REIT, Embassy Services will naturally be in charge of managing those assets,” one of the people said. “Then, as and when more projects are added under an REIT, the size of Embassy Services’ portfolio will also grow and its income will increase. The valuation of the company will also increase,” he said. Both the people declined to be named and Blackstone declined to comment, Mint reported.