Blackstone CEO Steve Schwarzman's early endorsement of Donald Trump is proving to be a strategic move. His commitment in May to "vote for change" marked a significant shift, as he had previously distanced himself from the former president, highlighting a calculated bet on Trump's influence.
Merger talks between Aster DM Healthcare and Quality Care India, owned by Blackstone, have reached their final stages, with a share swap deal expected to be finalized soon. The merged entity will be named Aster DM Quality CARE, with Blackstone anticipated to hold a majority stake, while TPG and the Moopen family will retain minority stakes.
Bain Capital is reportedly close to acquiring Blackstone Inc.'s Singapore worker dormitory firm, Avery Lodge, after outbidding other private equity competitors. The deal, which could be finalized in the coming days, is expected to value Avery Lodge between S$750 million ($566 million) and S$780 million.
Blackstone Inc. is set to refinance approximately A$5.5 billion ($3.6 billion) of junior debt for its planned acquisition of AirTrunk Pte. Ltd., marking its largest investment in the Asia Pacific region. The refinancing will transition the debt from the holding company to AirTrunk’s operating company, facilitating the data center operator's expansion plans across the region.
Blackstone Inc. has agreed to acquire Retail Opportunity Investments Corp. in an all-cash transaction valued at approximately $4 billion. The deal, priced at $17.50 per share, represents a 34% premium over the real estate investment trust's closing share price on July 29, prior to reports of the potential acquisition.
Private equity firms are shifting their image by distributing equity worth hundreds of thousands of dollars to ordinary workers at their portfolio companies. This strategy not only enhances their reputation but also aligns with business interests, as it fosters employee engagement and loyalty.
Bain Capital, Apollo Global Management, and Brookfield Asset Management are reportedly interested in acquiring Blackstone Inc.'s worker housing firm, Avery Lodge. The portfolio consists of four purpose-built worker compounds with approximately 1,700 units, potentially valued at around S$750 million ($568 million).
A significant leadership transition is occurring at Blackstone's $37 billion Tactical Opportunities unit. Billionaire David Blitzer, 55, is stepping back to assume the role of chairman, while Chris James, his top lieutenant, will take over day-to-day management. The firm informed investors of these changes on Tuesday.
Blackstone Inc. is reportedly in advanced negotiations to acquire Retail Opportunity Investments Corp., a company that owns shopping centers in the U.S. If successful, the deal could be finalized in the coming weeks, according to sources familiar with the discussions.
Blackstone Inc. is nearing a C$7 billion ($5 billion) deal to acquire a minority stake in parts of Rogers Communications Inc.'s wireless infrastructure. This structured-equity transaction aims to help Rogers manage its debt as it pursues a 37.5% stake in Maple Leaf Sports & Entertainment Ltd. from BCE Inc.
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