Blackstone Group LP


  • WASHINGTON, Dec 13- Apollo Global Management is nearing a buyout of PetSmart Inc for about $8 billion in what would be the largest leveraged deal for a U.S. company this year, Bloomberg reported on Saturday, citing unnamed sources. "New York- based Apollo is in late-stage talks to buy PetSmart for about $8 billion following an auction process that has been under way...

  • Hilton Worldwide in talks to buy four hotels - Bloomberg Wednesday, 10 Dec 2014 | 4:25 PM ET

    Dec 10- Hilton Worldwide Holdings Inc is in talks to buy four properties from Blackstone Group LP and others for deferring tax payments from the sale of its Waldorf Astoria hotel in New York, Bloomberg reported. The company is planning to buy San Francisco's Parc 55 Wyndham, two Waldorf Astoria resorts in Key West and one in Orlando, Florida, the report said, citing...

  • Cosmopolitan resort CEO to leave by end of year Tuesday, 9 Dec 2014 | 3:58 PM ET

    LAS VEGAS— The CEO of The Cosmopolitan on the Las Vegas Strip, who led the hotel-casino from its opening to its pending $1.73 billion sale, is leaving by the end of the year. John Unwin was first tapped by Deutsche Bank AG to be CEO of the 2,960- room property in 2009 as it moved forward with building the swanky high-rise after the original developer defaulted on the...

  • NEW YORK, Dec 4- Blackstone Group LP's No. 2 executive Tony James is considering taking a role outside the world's largest alternative asset manager, including seeking a top job in a future U.S. government, according to people familiar with his thinking. The move would be the biggest change in Blackstone's leadership since co-founder and Chief Executive Stephen...

  • Dealmaking is only in the 5th inning: Schwarzman Wednesday, 3 Dec 2014 | 8:29 AM ET
    Steve Schwarzman, co-founder, chairman and chief executive officer of Blackstone Group LP.

    Blackstone Group's Steve Schwarzman also tells CNBC: "I don't think the Fed will throw us into a next recession."

  • Private equity's core interest  Wednesday, 3 Dec 2014 | 7:17 AM ET

    Steve Schwarzman, Blackstone chairman & CEO, shares his thoughts on private equity and hedge funds.

  • Pulse of M&A on the Street: Blackstone CEO  Wednesday, 3 Dec 2014 | 7:14 AM ET

    There's a lot of liquidity in the market, says Steve Schwarzman, Blackstone chairman & CEO, discussing deal making on Wall Street and the impact of Fed policy on M&A activity and the economy. Also Schwarzman shares his thoughts on private equity, hedge funds and real estate

  • Early Movers: WMT, FDX, PCLN, RCL, GLW & more Tuesday, 2 Dec 2014 | 7:56 AM ET
    Traders on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • The highly effective habits of superinvestors Tuesday, 2 Dec 2014 | 7:29 AM ET

    Research shows that the wealthy investor with $10 million in investable assets has highly concentrated holdings and less than 25% in stocks.

  • Dec 1- Blackstone Group LP said it would sell its U.S. industrial platform IndCor Properties to affiliates of Singapore sovereign wealth fund GIC Pte Ltd for $8.1 billion. As a result of the deal, IndCor will no longer be pursuing an initial public offering, Blackstone said in a statement. IndCor was formed in 2010 as a portfolio company of Blackstone and has a...

  • Nov 21- Sysco Corp, the biggest U.S. food distributor, is in advanced talks to sell some assets to a food company owned by Blackstone Group in order to win regulatory approval for its acquisition of US Foods Inc, the New York Post reported, citing sources. Once Sysco strikes a deal to divest some assets, the Federal Trade Commission is expected to clear the acquisition,...

  • Tokyo, Nov 21- Blackstone Group LP, the world's largest private equity investor in real estate, said it will buy residential assets in Japan from General Electric Co' s property unit in a deal worth more than 190 billion yen, Japan's largest property deal this year. Blackstone will buy more than 10,000 apartment units in 200 properties in Japan's largest cities...

  • Nov 20- Blackstone Group LP, the world's largest alternative asset manager, said it will buy residential assets in Japan from GE Japan Corp for more than 190 billion yen. The business owns and operates more than 200 residential properties in Tokyo, Osaka, Nagoya and Fukuoka. "This transaction supports our global strategy to reduce our equity book as we continue to...

  • Blackstone chases Buffett with new 'core' fund Wednesday, 19 Nov 2014 | 7:08 AM ET
    Stephen Schwarzman

    Blackstone has reached out to its biggest fund clients about a new investment vehicle with a longer investment horizon than the typical 10-year fund.

  • SYDNEY, Nov 19- Australian explosives maker Orica Ltd said on Wednesday it had agreed to sell its chemicals business to funds advised by U.S. private equity firm Blackstone Group LP for A $750 million. Orica also reported a 2 percent increase in full-year statutory net profit to A $602.5 million, from A $592.5 million, and said that volatility and uncertainty in...

  • NEW YORK, Nov 19- Blackstone Group LP has reached out to its biggest fund investors about investing in a new investment vehicle with a longer investment horizon than the typical 10- year private equity fund, according to people familiar with the matter. Blackstone is seeking as much as $2 billion apiece from five to six of its biggest public pension fund and...

  • DUBAI, Nov 18- The Middle East's private equity market is trying to put its Wild West days behind it, drawing big international players for the first time since investors lost heavily when the global financial crisis hit the region. While most of the interest is focused on the stable Gulf Arab states, Western investors are still seeking risk premiums over markets...

  • Private equity bets on 'revolution'—in oil and gas Monday, 17 Nov 2014 | 2:23 PM ET
    A derrick hand for Raven Drilling, works on an oil rig drilling into the Bakken shale formation outside Watford City, North Dakota.

    Private equity is betting that gas and oil—notrenewables like wind and solar—will continue to dominate as energy sources in 25 years.

  • Two former darlings of momentum traders disappoint Tuesday, 4 Nov 2014 | 10:18 AM ET
    A shopper looks at Michael Kors handbags at Macy's in New York City.

    Michael Kors and Priceline both reported earnings beats, but slowing growth could sour momentum traders on the stocks.

  • Singapore's wealth fund leads $8B IndCor bid Tuesday, 4 Nov 2014 | 12:54 AM ET
    An employee is silhouetted against the logo for the Government of Singapore Investment Corp. (GIC) during GIC's staff conference, in Singapore.

    Singapore sovereign wealth fund GIC is leading a consortium to buy U.S.-based IndCor Properties from Blackstone in a deal valued at about $8 billion.