Blackstone Group
Blackstone credit division closes $5bn fund
GSO Capital Partners, the credit division of Blackstone, has held a final close of its second "rescue" fund on $5bn.
Blackstone to settle IPO lawsuit with $85m payment
Blackstone has reportedly agreed to make a payment of $85m to settle a lawsuit after investors argued that the private equity giant failed to disclose "bad investments" prior to its $4.7bn IPO in 2007.
Advent mulls Co-op insurance bid
Advent International has teamed up with former RSA Insurance boss Andy Haste to bid for Co-operative Group’s insurance arm.
Altas Capital chairman steps down to focus on Blackstone
Atlas Capital chairman Claudio Boada Pallerés has stepped down to focus on his role as senior adviser for Iberia at Blackstone, according to Spanish publication Vozpopuli.
Sector focus: Saddling up for food production
Sector focus: Food
Ex-Premier Foods boss to advise KKR on Lucozade and Ribena bid
KKR is understood to have brought in Michael Clarke, the former CEO of Premier Foods, to advise on its £1.5bn bid for Lucozade and Ribena from GlaxoSmithKline (GSK).
Blackstone given all-clear to buy Multi Corporation
The European Commission has granted Blackstone the option to wholly purchase Netherlands-based Multi Corporation, a commercial real estate developer specialising in shopping centres.
Funds-of-funds falling out of favour?
Funds-of-funds
Casual dining; the proof is in the branding
Casual dining
Blackstone and Lion eye Lucozade and Ribena
Blackstone and Lion Capital are to join forces and make a formal bid exceeding £1bn for Lucozade and Ribena, owned by GlaxoSmithKline, according to reports.
Charterhouse hires former Blackstone MD
Charterhouse has appointed Leif Lindbäck, a former managing director at Blackstone.
Private equity circles D&G
Private equity firms including Blackstone, CVC and Clayton Dubilier & Rice are believed to be in a second round of bidding for Advent International's Domestic & General (D&G).
Tax avoidance debate turns to private equity
Tax avoidance is top of the agenda for the G8 summit in Northern Ireland and part of that discussion will concern UK private equity’s treatment of corporation tax.
PineBridge's Calo joins Blackstone’s Park Hill
Blackstone's placement agent division Park Hill Group has appointed Pablo Calo from PineBridge Investments.
Blackstone, Carlyle targeted by Stop G8 protests
Anti-capitalism protest group Stop G8 has publicised the London addresses of several private equity firms – including Blackstone, Carlyle and Lion Capital – ahead of the G8 Summit in June.
Blackstone agrees to buy Strategic Partners from Credit Suisse
Blackstone Group has agreed to acquire Credit Suisse Group AG’s secondary private equity business, Strategic Partners, for an undisclosed price.
N+1 receives dividend recap payout from Mivisa
Spanish GP N+1 has received €21.8m as part of a dividend recap from canning company Mivisa Group.
GSK plans Lucozade and Ribena sale
Pharmaceutical group GlaxoSmithKline (GSK) has put soft drinks brands Lucozade and Ribena up for sale, giving rise to a bidding war in excess of £1bn, according to reports.
Blackstone appoints new MD for Iberia
Blackstone has appointed Inaki Echave as managing director, with a primary focus on Spain and Portugal.
Private equity firms prepare £10bn EE bid
Apax Partners and KKR are bidding against Blackstone and CVC Capital Partners for UK mobile phone operator EE, according to reports.
Benelux private equity's 2012 highlights
The Benelux region had a relatively quiet 2012 and little deal activity is expected until the broader European economy improves. However, the deal dearth was eclipsed by other events, including the clean-up of Belgium’s banking sector, the Dutch elections...
PE-backed IPOs few and far between in 2012
Moleskine might make headlines if and when it finally lists on the stock market later this year, but flotations remained a seldom-explored exit route for GPs in 2012, continuing a trend initiated in 2008.
Cinemas could be the big deal in 2013
While Terra Firma is considering getting out of the movie business, its private equity competitors could see some very attractive investment opportunities this year.
Private equity firms eye SEK 2bn Swedish cinema deal
Swedish media and publishing group Bonnier has appointed Nordea to advise on the sale of the SF cinema chain, which could reportedly be worth up to SEK 2bn.