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Blackstone is considering a strategic review of its majority stake in EPL Ltd, the world's largest specialty packaging firm, following preliminary interest from potential buyers. The firm, which Blackstone acquired in 2019 for up to $460 million, holds a 51.47% stake valued at approximately Rs 4,402 crore, with a market cap of Rs 8,544 crore. If the review progresses, it may lead to a full stake sale through an M&A auction.
Texas's newest solar farm has a nameplate capacity of 875 MW, with 85% allocated to power Google data centers, raising concerns about the increasing energy demands of AI technologies. At a recent conference in Riyadh, industry leaders warned that electricity use could surge by 40% in the next decade, potentially straining global grids. As tech giants explore nuclear and renewable energy sources, the rush to support data centers may divert resources from meeting the needs of ordinary consumers.
Wall Street leaders are observing a convergence between private credit and traditional bank debt, with Apollo Global Management's Marc Rowan forecasting that borrowers may soon struggle to distinguish between the two. The $1.7 trillion private credit market has expanded by financing private, non-investment-grade companies, but firms like Apollo and Blackstone are increasingly targeting established businesses, challenging traditional banking institutions.
UBS is strategically expanding in Miami, a key hub for international wealth migration, particularly from Latin America. With a focus on the anticipated $9 trillion wealth transfer to women, UBS is adapting its wealth management services to meet the evolving needs of clients, emphasizing diversity and personalized strategies. However, Miami faces challenges such as high housing costs and increased pressure on education and infrastructure as it continues to grow.
Tim Sheehy, a Republican Senate candidate, faces scrutiny as his aerial firefighting company, Bridger Aerospace, has accumulated $180 million in losses over five years. Despite portraying Bridger as a success story, the company has violated debt covenants and its auditors have raised concerns about its financial viability. With a significant portion of its funding used to pay off previous investors, Bridger's future remains uncertain as it approaches the end of the fire season.
Private equity firms, including CVC Capital Partners and L Catterton, are competing to acquire German vitamin supplement maker Orthomol. Other bidders such as Advent International, Blackstone Inc., Groupe Bruxelles Lambert NV, and PAI Partners have also advanced in the bidding process. The company, along with its founding family, is seeking approximately €1 billion ($1.1 billion) for the sale, with Houlihan Lokey Inc. advising them.
Blackstone has launched the BXPE fund, allowing private investors to enter the private equity space with a minimum investment of $25,000. Since its inception, the fund has attracted $6 billion, offering access to diverse strategies and potential annual returns of 12-15%. However, investors should be aware of significant fees and the need for patience, as returns may take years to materialize amid a challenging market environment.
Blackstone Inc. indicates that the private credit industry is in its early stages of growth, with future expansion expected to be fueled by investment-grade assets. Gilles Dellaert, the firm's global head of credit and insurance, emphasized this long-term structural shift during an interview in Tokyo.
The healthcare sector in Kerala is experiencing significant consolidation, with major acquisitions such as Quality Care's purchase of KIMSHealth and Caritas Hospital's acquisition of Matha Hospital. While this trend promises improved facilities and job opportunities, concerns about rising costs for patients persist. Experts suggest that these changes could position Kerala as a healthcare hub, enhancing medical tourism and attracting foreign investment, though small hospitals may struggle to survive without policy support.
Insider Joseph Baratta sold 116,448 shares of Blackstone at an average price of $150.81, totaling approximately $17.56 million, while retaining 799,749 shares valued at about $120.61 million. Following the transaction, insider ownership remained unchanged at 1.00%. Institutional investors hold 70.00% of the stock, with recent activity including new positions and increased holdings by various firms. Blackstone's stock price target was raised by UBS Group to $160.00, reflecting a neutral rating amid mixed analyst opinions.

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