{
}
Deutsche Bank is seeking interest from banks and private credit funds for a $200 million loan to assist Blackstone in re-acquiring Trans Maldivian Airways (TMA), valued at under $500 million. The loan, potentially carrying an interest rate of 10% or lower, is still under negotiation.TMA, the largest amphibious seaplane operator globally, has undergone several ownership changes, with Blackstone initially acquiring it in 2013. After being sold to Bain Capital in 2017, TMA is now majority-owned by Carlyle Group, which is reportedly considering a sale valuing the airline between $500 million and $700 million.
Blackstone's shares rose 2.3% to $144.12 after UBS upgraded the stock from "neutral" to "buy," setting a target price of $180, indicating a potential 27.8% increase. UBS views the recent sell-off as a buying opportunity, citing Blackstone's strong competitive position and improved outlook for real estate performance fees. Currently, 10 of 24 analysts rate the stock as "buy," while 14 recommend holding, with a median price forecast of $184.
Blackstone has been upgraded to a Buy rating by UBS, highlighting an attractive entry point for investors looking to engage with this premier franchise. This move reflects confidence in the company's potential for growth and stability in the current market environment.
A group of prominent US firms, including Blackstone, KKR, and Apollo, has settled with the SEC, admitting to breaches of documentation rules and incurring fines exceeding $63 million. The violations involved unauthorized communication methods, raising concerns about market transparency. Additionally, Robinhood faces a $45 million fine for failing to report suspicious transactions and inadequate customer protections.
PE-VC investments in India's healthcare sector declined to $5.33 billion in the first 11 months of 2024, a 14% drop from 2023. Despite this slowdown, experts remain optimistic about the sector's long-term growth, projecting annual investments of $5-6 billion, driven by favorable demographics and increasing healthcare spending. The healthcare market is expected to reach $285 billion by 2028, highlighting the need for additional hospital beds and improved insurance coverage.
Blackstone Group L.P.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
deutsche bank seeks 200 million loan for blackstone's trans maldivian acquisition
United States Dollar
Blackstone Group L.P.
King Street Capital Management LP
Davidson Kempner Capital Management LP
Bain Capital Specialty Finance, Inc.
The Carlyle Group Inc.
Deutsche Bank Money Market PP
MDV
CHN
Show more
02:39 28.03.2025
Blackstone shares rise after UBS upgrades to buy rating
15:59 17.03.2025
Blackstone receives buy rating from UBS citing attractive investment opportunity
15:56 17.03.2025
financial firms settle with sec over documentation breaches and misconduct
United States Dollar
Apollo Global Management, Inc.
Robinhood Markets, Inc.
KKR & Co. Inc.
Banco Santander, S.A.
Blackstone Group L.P.
PJT Partners Inc.
The Carlyle Group Inc.
The Charles Schwab Corporation
USA
Apollo Quiboloy
Thomas Carlyle
Robin Padilla
Adam Blackstone
Show more
11:36 14.01.2025
private equity and venture capital investments in india healthcare sector decline in 2024
United States Dollar
Temasek Holdings
Advent International LP
Blackstone Group L.P.
EQT AB
IND
Visalakshi Chandramouli
Show more
14:16 29.11.2024
Trending
Subcategory
Corporate News
Industry Trends
Startups & Entrepreneurship
Retail and Consumer Goods
Global Trade Developments
Supply Chain Management
Stock Market Updates
Government Economic Policies
Industry Mergers & Acquisitions
Private Equity Deals
Fintech Startups
Energy Sector Developments
AI Applications
Funding Rounds & Investments
Venture Capital Investments
AI Innovations
Emerging Startups
CEO Changes
Inflation and Monetary Impact
IPOs & SPACs
Countries:
Companies:
Apple Inc.
Google Inc.
Tesmec S.p.A.
Amazon.com, Inc.
Microsoft Corporation
Mastercard Inc
NVIDIA Corp
Tesla, Inc.
OpenAI ERC USD
The Goldman Sachs Group, Inc.
Visa Inc.
SWIGGY LIMITED
GLOE Inc.
Ripple USD USD
NAURA Technology Group Co., Ltd.
OLA ELECTRIC MOBILITY LTD
Microsoft Corp
Micron Technology, Inc.
Foxconn Technology Co., Ltd.
SAP SE
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
United Arab Emirates Dirham
Japanese Yen
British Pound Sterling
Saudi Riyal
New Zealand Dollar
Qatari Riyal
Thai Baht
Vietnamese Đồng
Canadian Dollar
Indonesian Rupiah
South Korean Won
Malaysian Ringgit
Brazilian Real
Swiss Franc
Bangladeshi Taka
Kuwaiti Dinar
People: