Private equity funds managed by Blackstone is set to acquire a majority of Serco Group's private sector business process outsourcing (BPO) operations.
The definitive agreement will include the former Intele
Blackstone Group's real estate fund will buy US luxury hotel owner Strategic Hotels & Resorts and unit Strategic Hotels Funding in a deal valued at $6 billion, including debt.
Strategic Hotels & Resorts shares rose to
Dubai's Fajr Capital said on Wednesday that it was part of a group including Blackstone and Bahrain sovereign fund Mumtalakat that acquired a "significant minority stake" in UAE-based GEMS Education.
No price for the
Conglomerate Dubai World has hired New York-based investment and advisory firm Blackstone Group LP to take a fresh look at its debt and how to make repayments to creditors, sources aware of the matter told Reuters.
"This is o
Blackstone Group co-founder Stephen Schwarzman got about $213.5 million in salary, share of profits and cash distributions from his holdings in 2011, up 33 percent from the previous year.
Schwarzman, 65, who co-founded Blackstone in 1985,
Al Habtoor Group chairman Khalaf Al Habtoor and Steve Scharzman, the chairman and CEO of the Blackstone Group, recently discussed investment opportunities at a meeting in Dubai.
Scharzman is a billionaire private equity financer and former
A Dubai sovereign wealth fund has teamed up with private equity group Blackstone and others in a bid to buy British media group Informa, the Financial Times said on Wednesday.
A consortium of private equity groups Providence Equity Partner