Hints and tips:
...Founded by three top former bank regulators, it is now owned by private equity giants Blackstone and Warburg Pincus and contains about 3,000 banks....
...It’s also not clear whether Apollo’s video theme is a subtle jab at Bain and KKR, who were involved in the leveraged buyout of Toys R’ Us (may it rest in peace)....
...CD&R declined to comment....
...The plaintiff was Cassie, the R&B singer, who alleged that Combs had abused her. Combs denied the allegations....
...AI empire Blackstone is building a $25bn empire of data centres in a bet on the artificial intelligence boom, Bloomberg reports....
...Despite the big private equity funds of megashops such as Blackstone dominating headlines, leveraged buyouts are still mostly a small- and mid-cap phenomenon. That’s where private equity likes to play....
...Two things to start: Blackstone shares dropped more than 7 per cent on Thursday after it reported weaker than forecast earnings. Lex writes the second trillion is always the hardest....
...The industry’s largest players including Blackstone Group, Apollo Global Management, KKR, Brookfield and Carlyle Group have tethered their growth to managing obscure life insurers that are feeding their...
...They are the R & D department (of the music industry), where you figure out who you are as a songwriter,” he said, lamenting the dire straits many of these spots are now in....
...Instead of targeting only household names such as Blackstone, KKR and Apollo, Kirkland has developed a deep bank of relationships from the biggest firms down to hundreds of smaller mid-market players....
...Conditioning enhanced R&D tax breaks on a domestic listing — as the report suggests, for example — is its own kind of protectionism....
...Clayton, Dubilier & Rice has appointed Michael Lamach, the former CEO and chair of Trane Technologies, as an operating adviser to CD&R funds....
...Blackstone’s latest real estate play “I love houses,” Stephen Schwarzman, Blackstone chief executive, told an interviewer in 2008....
...Toys “R” Us, for instance, fell into restructuring....
...Njoy for at least $2.75bn (FT) China Renaissance says missing founder ‘co-operating’ in government probe (FT) Warren Buffett defends buybacks to Berkshire Hathaway shareholders (FT) CD&R affiliates will...
...Blackstone’s private real-estate investment trust, BREIT, has had a tough year. How much money did investors ask to withdraw in March? Answers to the nearest half-billion....
...CD&R raised some of the $4bn it used to purchase its own Belron stake from this market, though The Access Group deals did not tap it....
...more thing: The emotional rollercoaster experienced by retail investors over the past several years is well illustrated by Barstool Sports founder Dave Portnoy in this video compilation by Reddit user r/...
...The deal expanded Blackstone’s Chinese warehouse footprint by a third....
...Asda received an upfront windfall when it sold 27 warehouse properties with a book value of £497.5mn to Blackstone for £1.7bn last year....
...Clayton, Dubilier & Rice has hired Gordon Riske, chief executive of KION Group, as an operating adviser to CD&R Funds....
...And as Lex points out, Blackstone’s $700bn in assets outweighs that of both Apollo and KKR by hundreds of billions....
...out at Clayton, Dubilier & Rice’s bid for Wm Morrisons, the supermarket chain, while M&G Investments and Allianz Global Investors last month criticised plans to sell FTSE 250-listed UDG Healthcare to CD&R....
...This year, it completed the sale of a big logistics development in south China to Blackstone, the US private equity firm. It has also sold assets to Country Garden....
...Boosted by inflows from large investors including Blackstone, it has grown into one of the world’s biggest macro funds....
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