{
}
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.
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.
Blackstone Inc.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
blackstone plans refinancing of airtrunk junior debt for expansion in asia pacific
04:21 07.11.2024
blackstone acquires retail opportunity investments for four billion dollars
18:24 06.11.2024
private equity firms embrace worker ownership to enhance their image
06:00 06.11.2024
investment firms show interest in blackstone's worker housing unit
Singapore Dollar
Blackstone Inc.
Brookfield Asset Management Ltd.
Bain Capital Specialty Finance, Inc.
Apollo Global Management, Inc.
SGP
Show more
03:49 06.11.2024
blackstone's tactical opportunities unit sees leadership transition as blitzer steps back
17:09 05.11.2024
blackstone in advanced negotiations to acquire retail opportunity investments corp
00:52 04.11.2024
blackstone nearing seven billion dollar investment in rogers communications
United States Dollar
Canadian Dollar
Maple Leaf Sports & Entertainment Ltd.
BCE Inc.
Rogers Communications Inc.
Blackstone Inc.
CAN
Show more
00:24 31.10.2024
Blackstone considers strategic review and potential sale of EPL majority stake
17:28 30.10.2024
data centers drive soaring electricity demand amid renewable energy challenges
United States Dollar
Colombian Peso
Saudi Arabian Oil Company
Alphabet Inc.
Amazon.com, Inc.
BlackRock, Inc.
Microsoft Corporation
Blackstone Inc.
SoftBank Corp.
SAU
USA
Eric Schmidt
Stephen Schwarzman
Shou Chew
Ruth Porat
Larry Fink
Show more
16:40 30.10.2024
private credit and bank debt increasingly indistinguishable in evolving financial landscape
12:23 29.10.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Banking Regulations
Finance Mergers & Acquisitions
Global Financial Events
CEO Changes
Retail and Consumer Goods
Central Bank Actions
GDP Growth & Recession Forecasts
Global Trade Developments
Industry Mergers & Acquisitions
Market Analysis and Predictions
Financial Scams and Security
Inflation and Monetary Impact
Government Policies
Government Economic Policies
Supply Chain Management
Startups & Entrepreneurship
Workplace Trends
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Barclays PLC
Bank of America Corporation
Wells Fargo & Company
Citigroup Inc.
Deutsche Bank Money Market PP
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
Microsoft Corporation
Credit Suisse Strategic Income I
NVIDIA Corporation
Amazon.com, Inc.
AXA SA
Safran SA
Banco Santander, S.A.
Novartis AG
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Russian Ruble
Australian Dollar
Canadian Dollar
United Arab Emirates Dirham
Indonesian Rupiah
Saudi Riyal
South Korean Won
Danish Krone
Offshore Chinese Yuan
Turkish Lira
Hong Kong Dollar
Mexican Peso
Malaysian Ringgit
People: