Tag Archives: blackstone
Blackstone’s earnings soar as it exits investments
By Greg Roumeliotis (Reuters) – Blackstone Group LP , the world’s largest alternative asset manager, reported a 28 percent rise in first-quarter profit on Thursday as its real estate, private equity, credit and hedge fund units successfully sold assets. Blackstone sold some $6 billion (3.9 billion pounds) worth of assets in the quarter as buoyant financing markets and a rise in asset values offered an attractive window of opportunity to exit investments, many of which are held for several years. … Continue reading
Blackstone submits preliminary offer to Dell special committee
Blackstone Group LP has submitted a preliminary and indicative offer to Dell’s special committee which is exploring alternatives to the $24. Continue reading
Blackstone launching Asian real estate fund
Blackstone Group LP is starting a new real estate fund focused on Asia as it seizes on a “golden moment” to buy and sell in the property market, its president said on Wednesday. Continue reading
Analyst Defends Blackstone, Investors Sell Blackstone
NEW YORK (TheStreet) — Blackstone Group shares continued to tumble on Wednesday despite an upgrade from Sterne Agee analyst Jason Weyeneth. Weyeneth raised his recommendation on Blackstone to “Buy” from “Neutral,” arguing investors are excessively discouraged over the “muted” outlook for near-term realization of performance fees. He believes that pessimism is already reflected in the “unit” price, the rough equivalent of share price for most publicly-traded private equity firms such as Blackstone Continue reading
Motel 6 being sold to private group for $1.9B
Accor says it has agreed to sell Motel 6 and another North American economy hotel brand to an affiliate of The Blackstone Group for $1.9 billion. Continue reading
Chesapeake Continues Gas Sell-Off With $2.6B in Deals
NEW YORK (TheStreet) – After bringing in the new year with a multi-billion dollar shale sale, Chesapeake Energy is adding to its string of 2012 divestitures with three oil and gas asset sales worth a total of $2.6 billion. The nation’s second largest natural gas producer is using sales to cut its debt and fund new oil exploration ventures that will shift its portfolio away from natural gas, which is near decade a low. Continue reading
