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New York-based BlackRock announced last week plans to buy private credit firm HPS Investment Partners for about $12 billion in a deal that BlackRock CEO Larry Fink said will allow the companies to ...
PAI buyout funds since inception Fund name Vintage Total commitment Focus Status PAI LBO Fund 1998 €650 million Buyout Liquidated PAI Europe III 2001 €1.8 billion Buyout Liquidated PAI Europe IV 2005 €2.7 billion Buyout Liquidated PAI Europe V [16] 2008 €2.7 billion Buyout Exit phase PAI Europe VI [17] 2015 €3.3 billion Buyout Exit phase
Blackstone Group LP, the world largest alternative asset manager, has raised over $22 billion for its latest buyout fund, setting it on course to be the private equity industry's biggest ever, a ...
Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with US$400,000 (equivalent to $1.1 million in 2023) in seed capital. [2]: 45–56 [3] The founders derived their firm's name from their names: "Schwarz" is German for "black"; "Peter", "Petros", or "Petra" (Πέτρος and πετρα, the masculine and feminine rendering of the word, respectively) means "stone" or ...
Buyout firms KKR <KKR.N>, Blackstone <BX.N> and CVC are among bidders competing for a stake in the hospital unit of Philippines' Metro Pacific Investments Corp <MPI.PS>, people with knowledge of ...
A pension buyout (alternatively buy-out) is a type of financial transfer whereby a pension fund sponsor (such as a large company) pays a fixed amount in order to free itself of any liabilities (and assets) relating to that fund. The other party, usually an insurer, receives the payment but takes on responsibility for meeting those liabilities.
In a 2009 study of 198 leveraged buyouts in the US from 1984 to 2007, 29% were syndicated and "target shareholders receive[d] approximately 10% less of pre-bid firm equity value, or roughly 40% lower premiums, in club deals compared to sole-sponsored leveraged buyouts", the so-called club discount. [7]
Buyout firms KKR, Blackstone and CVC are among bidders competing for a stake in the hospital unit of Philippines' Metro Pacific Investments Corp, people with knowledge of the matter told Reuters.