Blackstone Group LP


  • July 23- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.

  • July 18- Catalent Inc, controlled by Blackstone Group LP, said it expects its initial public offering to be priced between $19 and $22 per share, valuing the company at about $2.57 billion at the top end. The company's major customers include Pfizer Inc, Johnson& Johnson, GlaxoSmithKline Plc, Merck& Co Inc and Novartis AG.

  • July 18- Catalent Inc, controlled by Blackstone Group LP, said it expects its initial public offering to be priced between $19 and $22 per share, valuing the health technology company at about $2.57 billion at the top end. Catalent's IPO of 42.5 million shares is expected to raise about $935 million at the top end of the expected price range.

  • Blackstone Group 2Q profit more than doubles Thursday, 17 Jul 2014 | 12:50 PM ET

    NEW YORK— The Blackstone Group saw second-quarter profit more than double, buoyed by strong performance fee growth. The New York private equity firm earned $517 million, or 65 cents per unit, for the quarter.

  • Early movers: UNH, MSFT, BX, MS, EBAY, YUM & more Thursday, 17 Jul 2014 | 7:38 AM ET

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

  • NEW YORK, July 16- KKR& Co LP's co-founders Henry Kravis and George Roberts have indicated they intend to stay at the buyout firm for at least five more years, but two men- Scott Nuttall and Joseph Bae- are emerging as front-runners to eventually succeed them.

  • Will earnings tell the story markets need to hear? Sunday, 13 Jul 2014 | 6:21 PM ET
    Traders work the floor of the New York Stock Exchange before the closing bell in New York.

    Quarterly earnings growth and clues from companies' commentaries will tell whether there really will be a bounce back in growth in the second half.

  • July 11- Big Pharma companies are trying to offload low-growth, mature drug portfolios to firms such as Blackstone Group LP and TPG Capital LP which need to figure out how to carve them out, in one of private equity's greatest dealmaking challenges.

  • July 11- Silver Lake Partners LP has agreed to pay $29.5 million to settle a lawsuit that accused several large private equity firms of conspiring not to outbid each other on takeovers prior to the financial crisis.

  • Paramount has an estimated enterprise value of between $10 billion and $15 billion, including debt, the people said this week. Representatives for Paramount did not immediately return requests for comment.

  • Blackstone's new hedge fund     Monday, 30 Jun 2014 | 12:41 PM ET

    Private equity firm Blackstone is ramping up its footprint in the hedge fund business, reports CNBC's Kate Kelly.

  • Why Rand Paul is palling around with Wall Street Friday, 27 Jun 2014 | 2:01 PM ET
    Rand Paul

    Rand Paul is cozying up to Wall Street to give the impression he is establishment enough to run strong in 2016, POLITICO's Ben White says.

  • June 27- Shares of Michaels Cos Inc fell as much as 2.1 percent in their return to the market, valuing the biggest U.S. arts and crafts retailer at about $3.4 billion.

  • Crafts retailer Michaels raises $473 million in IPO Friday, 27 Jun 2014 | 5:58 AM ET
    Reusable shopping bags are displayed beneath a checkout counter at a Michaels craft store in Cincinnati, Ohio.

    Michaels said it had raised about $472.6 million in its initial public offering after pricing shares at $17, the lower end of an expected range.

  • *Prices IPO at lower-end of the $17- $19 range. June 26- The Michaels Cos Inc's raised about $472.6 million in its initial public offering after pricing shares at $17, the lower end of an expected range, the New York Times reported on Thursday, citing two people briefed on the matter.

  • China sovereign wealth fund under fire for losses Wednesday, 18 Jun 2014 | 7:35 PM ET
    Lou Jiwei, China's Minister of Finance and former chairman of the China Investment Corp.

    China Investment Corporation has been accused by China's top auditor of mismanagement, dereliction of duty and poor due diligence.

  • The venture capital darling ending venture capital Tuesday, 17 Jun 2014 | 6:00 AM ET
    Naval Ravikant, co-founder of AngelList.

    With AngelList, entrepreneurs wary of venture capital have a new way to transition their ideas all the way from start-up to stock offering.

  • June 16- Arts and crafts retailer Michaels Companies Inc said it expected to raise up to $528 million in its initial public offering. Michaels, which was taken private by Blackstone Group LP and Bain Capital LP for $6 billion in 2006, filed for an IPO of up to $500 million in March 2012.

  • June 12- Canada's Amaya Gaming Group Inc on Thursday said it will buy for $4.9 billion Rational Group, which owns and operates the world's biggest online poker company PokerStars. Deutsche Bank, Barclays and Macquarie Capital will provide $2.9 billion in credit facilities and other financing.

  • June 12- Canada's Amaya Gaming Group, is near a deal to buy the parent of PokerStars, the world's largest poker website, Bloomberg said, citing two people with knowledge of the situation.