Tag: $Blackstone

Blackstone Inc. is selling its stakes in a trio of data centers across Northern Virginia for $3.5 billion, cashing out of part of a bet it made less than three years ago.

Blackstone and CD&R are among private equity ‌firms in the early stages of exploring bids for Magnum Ice Cream Company (MICCT.AS), two sources familiar with the matter told Reuters, less than six months after the owner of Cornetto and Ben & Jerry’s was spun out of ​Unilever (ULVR.L).

Blackstone, will acquire Greek e-commerce platform ‌Skroutz from CVC Capital Partners Fund VII, said on Monday. The deal values ​the Greek company, including debt, at ​about 635 million euros ($747 million).

Blackstone’s roughly $80-billion private credit fund BCRED faced weaker investor demand and rising ​redemption pressure in the first ‌quarter as geopolitical volatility, concerns over AI and increased scrutiny of private credit weighed on ​non-traded BDCs.

Blackstone Inc. reported a larger-than-expected jump in distributable earnings, boosted by a robust start to dealmaking before the war in Iran rattled investors. With US markets rising and AI ventures preparing to go public, President Jon Gray predicted the firm’s “best year ever” for stock listings.

The latest private debt fund to limit redemptions by its wealthy investors is the $25 billion Apollo Debt Solutions.

Blackstone Inc. and Brookfield Asset Management Ltd. are among the private equity firms in the next round of bidding for a majority stake in Volkswagen AG’s heavy diesel engine unit, having made new offers of at least €8 billion ($9.4 billion), people familiar with the matter said.

Volkswagen has attracted bids from top private equity funds including Blackstone, EQT and CVC for its Everllence division, bolstering its plans to sell off the shipping engines unit.

Blackstone Inc. reported a surprise jump in distributable earnings as dealmaking reignited and reached what President Jon Gray calls “escape velocity.” For executives, that unleashed some of their richest rewards since the pandemic.

Robinhood has agreed to pay fines of $45mn to cover data breach and record-keeping failures — one of a series of penalties levied by US regulators on Monday against financial groups, including units of Blackstone and KKR.

EQT closed its midstream joint venture with Blackstone’s credit asset management division.

Blackstone has agreed to buy a joint venture stake in interstate pipelines from US energy group EQT in a complex financing manoeuvre that shows how some of the biggest corporations are turning to private capital giants to alleviate burdens on their balance sheets.

MUMBAI, Oct 11 (Reuters) – Private equity firm Blackstone (BX.N) has held preliminary discussions with Walt Disney (DIS.N) to acquire a stake in the Indian arm of the entertainment firm, two sources familiar with the matter told Reuters on Wednesday.

 Shares of Blackstone and Airbnb rallied in extended trade on Friday after S&P Dow Jones Indices said the two companies would join the S&P 500  index.