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