Posts filtered by tags: Blackstone[x]


Blackstone makes minority investment in Marlin Equity

Blackstone Group made a minority investment in Marlin Equity Partners. The investment, which came from Blackstone’s Strategic Capital Group, will allow Marlin to expand its global investment platform and leverage the resources and capabilities of Blackstone. Press Release Marlin Equity Partners, a global investment firm, today announced that Blackstone’s (NYSE: BX) Strategic Capital Group has made a passive, minority investment in the firm. Blackstone’s Strategic Capital Group is part of Blackst...
Tags: London, Trends, Blackstone, Blackstone Group, Los Angeles California, Marlin, Simpson Thacher Bartlett, Evercore, PE Deals, BX, Marlin Equity Partners, Marlin Equity, BAAM, Blackstone Alternative Asset Management BAAM, Strategic Capital Group, BX Strategic Capital Group

Everything we know going on at Goldman Sachs

Goldman Sachs has a new CEO and the storied investment bank is in the midst of a transformation. The Wall Street bank is moving away from high risk businesses like trading that were once lucrative but have since slowed, and towards more stable areas like consumer lending.  Business Insider reports regularly on the latest developments at Goldman. You can read our stories by subscribing to BI Prime. Here's what we know about what's going on inside of Goldman right now, from its growing digital ...
Tags: Apple, Google, Utah, New York, Microsoft, US, Trends, Tesla, Netflix, Goldman Sachs, Morgan Stanley, Goldman, Blackstone, Lloyd Blankfein, Marcus, Jpmorgan

Pine Brook appoints Kopilak as CFO

Pine Brook has named Joseph Kopilak as chief financial officer. Kopilak is also chief compliance officer and a partner of the firm. PRESS RELEASE NEW YORK – May 15, 2019 – Pine Brook, a New York-based investment firm focused on building businesses in the financial services and energy sectors, announced today that Joseph Kopilak has joined the firm as chief financial officer. He is also the chief compliance officer and a partner of the firm. “Joe brings 25 years of finance and compliance leadersh...
Tags: New York, Trends, People, University of Pennsylvania, Financial Services, Blackstone, Joe, Wharton School, Pine Brook, About Pine Brook Pine Brook, Boston College s Carroll School of Management, Emily Sharko, Richard Aube, Ted Maa, Scott Schaen, Kopilak

Respond Software inks $20 mln Series B

Silicon Valley-based Respond Software, a provider of robotic decision automation software for security operations, has raised $20 million in Series B funding. ClearSky Security led the round. In addition to the funding, Jay Leek, managing director for ClearSky Security and former CISO of Blackstone, will join Respond Software’s board of directors. Source: Press Release
Tags: Trends, Silicon Valley, Blackstone, VC Deals, Jay Leek, Respond Software, ClearSky Security

Blackstone invests in Superbet

Superbet said May 14 that Blackstone has invested 175 million euros ($196.6 million) in the company for a minority stake. Superbet is a sports betting and gaming operator in Romania. PRESS RELEASE BUCHAREST, Romania & LONDON–(BUSINESS WIRE)–Superbet (the “Company”), the largest omni-channel sports betting and gaming operator in Romania, and Blackstone (NYSE: BX) announce a €175m strategic minority equity investment in Superbet by funds managed or advised by Blackstone’s Tactical Opportunities bu...
Tags: Trends, Poland, Romania, Blackstone, Company, The Company, Bucharest, Stifel, Central Eastern Europe, Business Services, PE Deals, Jones Day, BX, Blackstone NYSE, Blackstone Blackstone, Superbet

Scout24 takeover offer by Hellman & Friedman, Blackstone fails: Reuters

BERLIN (Reuters) – A takeover bid for Germany’s Scout24 led by Hellman & Friedman and Blackstone has failed as it did not secure the required support of 50 percent of shares, the bidders said on Tuesday. The offer from private equity firm Hellman & Friedman, in partnership with Blackstone, had valued the Munich-based company at 5.7 billion euros ($6.4 billion) including debt. It was pitched at 46 euros per share. Best known for its ImmobilienScout24 home listings in Germany and AutoScout24 car l...
Tags: Europe, Germany, Berlin, Trends, Munich, Deutsche Telekom, Blackstone, Reuters, Hartmann, Business Services, Hellman, Hellman Friedman, PE Deals, Tobias Hartmann, Friedman Blackstone

Stacked-Up Book Thoughts: 3 Books for a Rainy Afternoon

Hope everyone had a lovely weekend. I was blessed to be able to spend four days in Ohio with my mom for Mother's Day. Mr. BFR got her yard and patio ready for summer, and I helped with the indoor jobs. We also managed to find time to eat and cook, and laugh and drink. As a consequence, though, I didn’t have much time to read for pleasure. First, because I needed to work ahead so I could take Friday off work. Second because, of course, I’d rather spend time with my mom than be by myself reading...
Tags: Books, Barack Obama, Cnn, Ohio, Jamie Oliver, Blackstone, Anthony Bourdain, Wong, Bourdain, Beaton, Hamish, Susie, Bernadette, Hamish Macbeth, Beth F, Lochdubh

Woman escapes with cat from car that plunged into river

BLACKSTONE, Mass. (AP) — A woman was able to save herself and her cat after the car they were riding in plunged into a Massachusetts river. Blackstone Fire Chief Michael Sweeney says the woman had just picked up her cat from the groomer Saturday when she crashed the car into the Blackstone River. Sweeney says […]
Tags: News, Massachusetts, Nation, Blackstone, Nation & World, Michael Sweeney, BLACKSTONE Mass AP, Blackstone River Sweeney

The tech head at $1.7 trillion investment firm Pimco told us how a new tool is turning every employee into a data scientist

PIMCO, the $1.7 trillion asset manager, is trying to turn every employee into a "citizen data scientist," chief technology officer Dirk Manelski told Business Insider in a recent interview.  The firm is building an internal data platform that's already used by hundreds of employees. Instead of asking a business intelligence group for a report, employees can get data on their own.  Visit Business Insider's homepage for more stories. PIMCO has plenty of data scientists – but now, the $1.7 t...
Tags: Trends, Pimco, Blackstone, Cto, Blackrock, Business Insider, Jpmorgan, State Street, Franklin Templeton, Pagaya, Boerio, Joe Boerio, Silicon Valley BlackRock, Dirk Manelski, Manelski, Python Manelski

Blackstone launches impact investing platform to be led by ex-Goldman Sachs executive

Blackstone launched an impact investing platform that will target health and wellbeing, financial access, sustainable communities and green technology. The platform will be led by Tanya Barnes, former managing director in Goldman Sachs’ merchant banking division. The impact platform will sit within Blackstone’s secondaries group, Strategic Partners. Press Release Blackstone (NYSE:BX) today announced the launch of a new impact investing platform that will be part of the firm’s Strategic Partners ...
Tags: Trends, People, Goldman Sachs, Blackstone, Coo, Barnes, BX, Strategic Partners, Goldman Sachs ' Merchant Banking Division, Green Technologies, Blackstone Blackstone, Ms Barnes, Jon Gray Blackstone, Tanya Barnes, Strategic Partners Press Release Blackstone, Verdun Perry Global Head of Strategic Partners

H&F-led investor group completes take-private buyout of Ultimate Software

An investor group led by Hellman & Friedman has acquired Ultimate Software, a provider of human capital management and employee experience solutions in the cloud. The deal is valued at about $11 billion. As a result of the closing, the stock stopped trading May 3, 2019 on the NASDAQ. Blackstone, GIC, Canada Pension Plan Investment Board and JMI Equity are among the investors participating in the acquisition. Goldman Sachs provided financial advice to Ultimate while Qatalyst Partners did likewise...
Tags: London, Singapore, Toronto, Trends, Tech, Sydney, Goldman Sachs, Blackstone, Cppib, CPP, GIC, LinkedIn Facebook, San Francisco New York, Canada Pension Plan, Weston Florida, HCM

7 Contemporary Stories That Tackle Everyday Issues

I don't know about you, but my May bookshelf is overflowing with a wide range of fantastic reads. My lineup includes history and memoir, cookbooks and crafty books, literary fiction and fantasy and much more. I'm particularly impressed with some of this month's books for young adult (and older) readers, and that's what this post is all about. Wait! Don't click away. You might be surprised by the depth of contemporary YA stories, so stick around and take a look. You'll find memoir, thrill...
Tags: Books, France, Kate, World Trade Center, Blackstone, Hutchinson, Greg, Barnes, Bethany, Beth, Kaplan, Menon, Rishi, Kira, Paris Opera Ballet, Beth F

Blackstone closes Cloverleaf sale

Blackstone said May 1 that it closed the sale of Cloverleaf Cold Storage to Americold Realty Trust. Cloverleaf, of Sioux City, Iowa, is a cold storage provider. The $1.24 billion sale was announced in April. PRESS RELEASE NEW YORK–(BUSINESS WIRE)–Blackstone (NYSE:BX) today announced that private equity funds managed by Blackstone have completed the sale of Cloverleaf Cold Storage (“Cloverleaf”) to Americold Realty Trust (NYSE: COLD) (“Americold”), the world’s largest publicly traded REIT focused...
Tags: New York, Cold, Trends, United States, M&a, Blackstone, Sioux City Iowa, Kaplan, Daniel Kaplan, Business Services, Deutsche Bank Securities Inc, Rumsey, BX, Blackstone NYSE, Americold, Cloverleaf Cold Storage

Blackstone acquires South Korean pharma wholesaler Geo-Young with co’s founder: Reuters

U.S.-based Blackstone Group said on Tuesday it had agreed to acquire South Korean wholesale drug distributor Geo-Young in a deal with the company’s founder. Blackstone did not disclose the value of its investment, but Maeil Business Newspaper said the private equity fund had agreed to buy a 46 percent stake in Geo-Young for 1.1 trillion won ($945.2 million) from another private equity firm. Geo-Young founder and Chief Executive Cho Sun-hae would remain as a shareholder and retain her leadership ...
Tags: Trends, Healthcare, Blackstone, Reuters, Blackstone Group, PE Deals, Cho Sun, Maeil Business Newspaper, Geo Young

U.S. judge suspends Blackstone lawsuit against Italy's RCS over Milan HQ

A New York judge has put on hold a lawsuit by U.S. private equity firm Blackstone Group LP against Italian publisher RCS Mediagroup over the disputed sale of real estate assets, pending the outcome of an arbitration in Italy.
Tags: New York, Money, businessNews, Italy, Blackstone, RCS, RCS MediaGroup, Blackstone Group LP, Milan HQ

U.S. judge suspends Blackstone's lawsuit against Italian media group: sources

A New York judge has suspended a lawsuit brought by U.S. private equity fund Blackstone against Italian publisher RCS Mediagroup over the disputed sale of real estate assets, two sources close to the matter said on Wednesday.
Tags: New York, Money, businessNews, Blackstone, RCS MediaGroup

Stonyrock and LAM to launch mid-market fund

Stonyrock Partners LP and Leucadia Asset Management, a division of Jefferies, is launching a fund that will invest in middle-market alternative managers. The target was not specified. PRESS RELEASE NEW YORK–(BUSINESS WIRE)–Stonyrock Partners LP (“Stonyrock”), led by Managing Partner Craig Schortzmann and Partner Sean Gallary, and Leucadia Asset Management (“LAM”), a division of Jefferies Financial Group Inc. (“Jefferies”), today announced a strategic partnership to raise a permanent capital vehi...
Tags: New York, Trends, Funds, Blackstone, Jefferies, Craig, Sean, Lam, Jefferies Group LLC, Jef, Strategic Capital Holdings Fund, Jefferies Financial Group Inc, Jefferies Financial Group Inc NYSE, Gallary, Stonyrock, Leucadia Asset Management

Jefferies backs new investment firm Stonyrock

Leucadia Asset Management, a division of Jefferies, is backing Stonyrock Partners LP, a new investment firm. Stonyrock will target minority equity stakes in high-quality, middle-market alternative managers. Craig Schortzmann and Sean Gallary, former managing directors at Blackstone and Carlyle respectively, are leading Stonyrock. Correction: A earlier version of this news report misstated the exact details of the Stonyrock/LAM partnership. It has since been corrected.  PRESS RELEASE NEW YORK–(BU...
Tags: New York, Trends, Financial Services, Blackstone, Jefferies, Craig, Sean, Lam, Carlyle, Jefferies Group LLC, PE Deals, Jef, Strategic Capital Holdings Fund, Jefferies Financial Group Inc, Jefferies Financial Group Inc NYSE, Gallary

China’s fast-growing Starbucks competitor Luckin Coffee just filed to go public on the Nasdaq

China’s Luckin Coffee has registered plans with the SEC to go public on the Nasdaq, setting a placeholder amount of $100 million, shows its filing. The development comes less than a week after the 18-month-old company announced $150 million in Series B “plus” funding led by the private equity firm Blackrock, which pumped $125 million into the company in a deal that values Luckin at $2.9 billion. As TechCrunch reported last Wednesday, Blackrock also owns a nearly 7 percent stake in Starbucks, ...
Tags: Travel, TC, China, Beijing, SEC, Starbucks, Blackstone, Blackrock, Legend Capital, GIC, Luckin Coffee, Luckin, Joy Capital GIC Legend Capital Dazheng Capital

Blackstone buys majority stake in packaging firm Essel Propack

U.S.-based Blackstone Group agreed to buy a 51 percent stake in Essel Propack Ltd, India's largest rigid plastic packaging provider said on Monday.
Tags: Money, businessNews, Blackstone, Blackstone Group, Essel Propack, Essel Propack Ltd India

Blackstone-backed funds to buy majority stake in India’s Essel Propack: Reuters

India’s packaging company Essel Propack Ltd said on Monday that private equity funds backed by Blackstone Group agreed to buy a majority stake in the company. The consortium of funds will buy a 51 percent stake in Essel from promoter Ashok Goel Trust and the deal value will range from $310 million to $462 million based on the open offer, Essel said.
Tags: India, Trends, Blackstone, Reuters, Blackstone Group, Essel, PE Deals, Ashok Goel, Industrial/Manufacturing, Essel Propack Ltd

Blackstone-backed funds to buy majority stake in Essel Propack

India's packaging company Essel Propack Ltd said on Monday that private equity funds backed by Blackstone Group agreed to buy a majority stake in the company.
Tags: Money, India, businessNews, Blackstone, Blackstone Group, Essel Propack, Essel Propack Ltd

Jet Airways May Have Stopped Flying, But the Frequent Flyer Program Continues!

The JetPrivilege program has value. Last summer investment group Blackstone looked at buying it outright. Indeed the frequent flyer program has been preparing to operate independently of Jet Airways . Continue reading Jet Airways May Have Stopped Flying, But the Frequent Flyer Program Continues!...
Tags: Travel, Advice, Blackstone, Jet Airways, Jet Airways Continue

Blackstone to switch from a partnership to a corporation

Blackstone Group LP, the world's largest manager of alternative assets such as private equity and real estate, said on Thursday it would convert from a partnership to a corporation, in a bid to get more investors into its stock.
Tags: Money, businessNews, Blackstone, Blackstone Group LP

Blackstone nearly doubles target of minority stakes fund: New York Post

Blackstone Group has nearly doubled the target of its fund that takes stakes in hedge funds, real estate and other buyout firms to $6 billion, the New York Post reported April 17.  The original projected size of the pool was roughly $3.3 billion, the story said.
Tags: New York Post, Trends, Blackstone, Blackstone Group, PE Deals

Argument analysis: “The last Johnson domino to fall”?

Today the Supreme Court considered “the last Johnson domino to fall” (at least potentially). The case, United States v. Davis, involves the possible implications of the Supreme Court’s 2015 decision in Johnson v. United States. Johnson invalidated the residual clause of the Armed Career Criminal Act, a statute that imposes additional punishment on persons with multiple prior convictions for “violent felonies.” Johnson held that the now-defunct residual clause of the ACCA, which defined a viol...
Tags: Featured, Supreme Court, Law, Congress, Beck, United States, Davis, Johnson, Blackstone, Sonia Sotomayor, John Roberts, Roberts, Alito, Sotomayor, Breyer, Elena Kagan

A New Way to Help Student Entrepreneurs Succeed: Learnings from the inaugural LaunchPad Lift Cohort, part of the Blackstone LaunchPad powered by Techstars entrepreneurship program

LaunchPad Lift “was the most impactful incubator/entrepreneurship program I have participated in. The cohort not only connected me to experts in a wide range of fields (branding, fundraising, HR) but was incredibly personalized and practical. Every single meeting made a difference. The program provided structure for me to see the concrete steps I need to take in order to scale my business from a student venture to a successful startup.”  – Hailey Scofield, Combplex, Cornell University Student...
Tags: Startups, New York, Blackstone, TechStars, Accelerators, Launchpad, New York University, Ventures, Zach Nies, Barry McCann, Blackstone Charitable Foundation, Alyssa Petersel, LaunchPad Lift, Blackstone LaunchPad powered by Techstars, Techstars Entrepreneur, Techstars Network Read

Americold to buy Cloverleaf for $1.24 bln

Americold has agreed to acquire Cloverleaf, a cold storage provider, for $1.24 billion. The investors include Blackstone. The deal is expected to close in the second quarter of 2019. BofA Merrill Lynch and Goldman Sachs are acting as financial advisers to Americold while Wells Fargo Securities and Deutsche Bank Securities Inc did likewise for Cloverleaf and Blackstone. PRESS RELEASE ATLANTA–(BUSINESS WIRE)–Americold Realty Trust (NYSE: COLD) (the “Company” or “Americold”), the world’s largest pu...
Tags: Cold, Trends, Tech, United States, M&a, Merrill Lynch, Goldman Sachs, Blackstone, Company, Deutsche Bank Securities Inc, Wells Fargo Securities, BX, Blackstone NYSE, Americold, AOS, Goldman Sachs Co LLC

Senate panel votes against Public Safety director's confirmation, more details emerge on federal rail fund withholding, AC Hotel Wailea by Marriott breaks ground on Maui, more news from all the Hawaiian Islands

Senate panel votes against reappointing public safety director. A state Senate committee voted Thursday against reappointing Nolan Espinda director of the Department of Public Safety, citing last month’s riot at the Maui jail, recent shootings of an Oahu jail inmate and a homeless man, detention of prisoners beyond their release dates and an alleged culture of retaliation and intimidation within the department. Star-Advertiser.Ige Stands By His Public Safety Chief After Senate Panel Calls For Es...
Tags: Travel, Navy, Senate, Hawaii, Marriott, Hud, City Council, Blackstone, Public Safety, Hawaii Island, Maui, Honolulu, U S District Court, U S Department of Agriculture, Oahu, U S Navy

Ex-Senator Ayotte to join Blackstone’s board

Former Senator Kelly Ayotte will join Blackstone‘s board of directors. Her appointment becomes effective May 13, 2019. Ayotte represented New Hampshire in the U.S. Senate from 2011 to 2016. Prior to her stint in the Senate, Ayotte was New Hampshire’s first female Attorney General. PRESS RELEASE New York, April 11, 2019 – Blackstone (NYSE:BX) today announced that former Senator Kelly Ayotte will join its board of directors effective May 13, 2019. Ayotte represented New Hampshire in the U.S. Senat...
Tags: New York, Senate, Trends, People, New Hampshire, Blackstone, Stephen, Kelly, U S Senate, Pennsylvania State University, Ayotte, New Hampshire Supreme Court, Kelly Ayotte, BX, Craig Benson, Schwarzman Blackstone