Global private equity and venture capital news and research

Posts Tagged ‘Blackstone Group’

17 April 2014

Placement agent FIRSTavenue hires Blackstone MD for new Sydney office

Placement agent FIRSTavenue has hired former Blackstone managing director Martin Donnelly as a partner to the firm’s new office in Sydney, Australia.

8 April 2014

Onex, CPPIB seal $5.4bn exit of Gates to Blackstone

Toronto-listed private equity firm Onex Corporation and Canada Pension Plan Investment Board have confirmed the sale of Gates Corporation to Blackstone Group for $5.4bn, yielding a 2.2x return and a 26 per cent IRR.

28 March 2014

Blackstone Group launches water investment platform

Global private equity firm Blackstone has launched Global Water Development Partners, a new water-focused investment and development platform.

19 March 2014

Buyout firms plan improved bids for Gates Global

Onex and the CPPIB could be nearing an exit for diversified industrial company Gates Global after buyers including private equity firms Blackstone Group and TPG were said to be planning an improved bid after its previous $5.5bn offer was turned down.

10 March 2014

Northwestern Mutual draws private equity bidders for Russell Investments

US insurance group Northwestern Mutual has attracted buyout interest from private equity firms Blackstone Group and Bain Capital for its multi-asset management division Russell Investments

28 February 2014

Aviva hires Blackstone’s Tom Stoddard as chief financial officer

Insurance, savings and investment group Aviva has named Tom Stoddard, currently senior managing director and head of Blackstone group’s global financial institutions advisory arm, as its chief financial officer.

27 February 2014

Blackstone wins race for 20% Versace stake

Global investment group Blackstone has agreed to invest €150m of fresh capital into Italian fashion house Versace, acquiring a further €60m in stock from GIVI Holding, and taking a 20 per cent stake in the company.

27 February 2014

Blackstone’s Strategic Partners nears $500m first closing for secondaries fund

Strategic Partners, Blackstone Group’s dedicated private equity secondaries division which it spun out from Credit Suisse last year, is on track for a $500m first closing for its latest fund

21 February 2014

Cyber security developer Cylance secures $20m investment round

Cylance, the “first math-based threat detection and prevention company”, has closed $20m in Series B funding from private equity firm Blackstone Group, VC firm Khosla Ventures and technology investor Fairhaven Capita.

20 February 2014

Blackstone, GIC draw closer to $750m deal for Kronos minority stake

US private equity firm Blackstone Group and Singapore sovereign wealth investor GIC are close to a deal for a minority stake in human resources software business Kronos.

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