blackstone posts
FeedPosted Oct 15th 2009 11:00AM by Tom Johansmeyer (RSS feed)
Filed under: Private equity, Blackstone Group L.P (BX), Initial public offerings, Recession
Up until the credit crisis, private equity firms had it made. They had plenty of leverage to play with and could load up their acquisition targets with it. So, they could realize a fantastic return on equity, mitigate their own risks, and show that they were the studs of the Street.
Then, all that went away. Credit markets dried up, and private equity companies lost their acquisition fuel. The numbers aren't as big as they used to be, but it looks like the private equity market is back in action.
Continue reading Private equity biz back in action
Posted Aug 8th 2009 3:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, CBS Corp 'B' (CBS), Whole Foods Market (WFMI), Clorox Co (CLX), Duke Energy (DUK), Activision Inc (ATVI), Tyson Foods'A' (TSN), Blackstone Group L.P (BX)
Continue reading Earnings highlights: Blackstone, CBS, Humana, Playboy, Sirius, Whole Foods ...
Posted Jul 20th 2009 8:20AM by Tom Johansmeyer (RSS feed)
Filed under: Deals, Private equity, KKR Financial (KFN), Blackstone Group L.P (BX), Initial public offerings
KKR & Co. is a step closer to being publicly traded, now that the board of its Amsterdam-traded buyout fun has given the green light. If a majority of the unitholders in KKR Private Equity Investors LP (OTC: KPE), the listed fund, consent, the transaction could be finished by October 1, 2009.
This would result in KKR's finally reaching an exchange. The private equity fund tried to go public via initial public offering (IPO) in 2007, after the Blackstone Group (NYSE: BX) raised $4.75 billion that way, but market conditions scuttled the attempt.
Continue reading KKR self-buyout a step closer
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