Private equity giant Blackstone today announced a radical decree that the boards of all the companies it invests in must have at least 33% of directors from "diverse" backgrounds. As well as meaning BAME or LGBTQ people, Blackstone's definition of diversity includes women, who already make up a third of directors on the FTSE-100.
New York, NY, based Investment company Locust Wood Capital Advisers, Llc ( Current Portfolio) buys Blackstone Group Inc, T-Mobile US Inc, Waste Management Inc, Baxter International Inc, Pegasystems Inc, sells Brookfield Asset Management Inc, Linde PLC, Amazon.com Inc, Anthem Inc, The Home Depot Inc during the 3-months ended 2020Q3, according to the most recent filings of the investment company, Locust Wood Capital Advisers, Llc.
Blackstone's eyebrow-raising investment into a large film studio complex has shone a spotlight on one of the country's fastest-growing film and TV production markets: Georgia, or as the burgeoning industry is known locally, Y'allywood. In June, Blackstone Group paid $1.65B for a nearly 50% stake in Hudson Pacific Properties' Hollywood production campus, a 2.2M SF collection of soundstages and office buildings.
Southfield, MI, based Investment company Deroy & Devereaux Private Investment Counsel Inc ( Current Portfolio) buys Twin River Worldwide Holdings Inc, Arconic Corp, Sonos Inc, Southwest Airlines Co, VANGUARD INDEX FDS, sells Apple Inc, Take-Two Interactive Software Inc, Blackstone Group Inc, Marathon Petroleum Corp, Invesco Advantage Municipal Income Trust II during the 3-months ended 2020Q3, according to the most recent filings of the investment company, Deroy & Devereaux Private Investment Counsel Inc.
(Bloomberg) -- Real estate investors are trying to figure out how to block a proposal by Denmark to close a legal loophole through which they've enjoyed virtually unlimited tax deferrals on value gains.
The Kimpton Cottonwood Hotel and Kinley Hotel offer revitalization and opportunityATLANTA, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Monarch Private Capital, a leading tax credit equity and ESG investment firm, is pleased to announce the closing of historic rehabilitation tax credit equity investment (HTC) in two iconic hotels in Omaha, Nebraska, and Cincinnati, Ohio.
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BLACKSTONE - Chief Gregory Gilmore and the Blackstone Police Department wish to share resources and services for those who may be experiencing domestic violence in recognition of Domestic Violence Awareness Month. According to the National Coalition Against Domestic Violence (NCADV), more than 10 million people in the United States are victims of physical abuse by a partner each year.
(Bloomberg) -- Canada's Sun Life Financial Inc. said it agreed to to buy 51% of Crescent Capital Group for as much as $338 million, bolstering its asset management business with one of the largest investors in alternative credit.
Blackstone Group LP (NYSE:BX) - Investment analysts at Oppenheimer upped their FY2020 EPS estimates for Blackstone Group in a research report issued on Tuesday, October 20th. Oppenheimer analyst C. Kotowski now forecasts that the asset manager will post earnings of $2.31 per share for the year, u
By Miriam Gottfried The market for leveraged buyouts has sprung back to life after private-equity firms finished triaging their coronavirus-stricken portfolio companies and shifted attention back to their mounting cash piles. Buyout firms spent the bulk of the second quarter battened down as they assessed the economic damage of the shutdown on the companies they own, particularly those in hard-hit sectors such as live entertainment, travel, retail and energy.
The value of noncore operations and subsidiaries sold by listed Japanese companies in January-September exceeded ¥5 trillion, up some fivefold from a year before. Companies moved to sell noncore operations to investment funds and others in order to focus their management resources on growth fields at a time when they are facing sudden changes in their business environments due to the new coronavirus crisis.
Brookfield Asset Management Inc. is exploring a sale of its life-sciences real estate portfolio, and seeking about $3 billion, according to people with knowledge of the matter. The Toronto-based alternative asset manager is working with advisers to sell roughly 2.3 million square feet of life...
"In today's 'Gig' economy, there is a growing number of professionals who will spend their entire '40- year plan' moving from project to project, on 'gigs', with options regarding who they work for and what they work on," says Ken Hans, CEO of Blackstone Talent Group.
(Bloomberg) -- U.S. commercial real estate deals tumbled in the third quarter as Covid-19 continued to hammer the economy, but prices showed signs of improvement, according to Real Capital Analytics Inc. While investment volume fell 57% from a year earlier, prices climbed 1.
Blackstone Group is sponsoring a $1 billion commercial real estate CLO transaction, backed by a portfolio of pari passu participations in commercial mortgages for primarily lower-grade office, mixed-use and hotel properties.
Irwin Gold, executive chairman of Houlihan Lokey Inc., sees trouble for firms spanning into 2022 as technology upends industries and debt loads become a bigger burden. "Certainly the larger companies have more options with respect to liquidity and capital-markets options," he said Monday in a Bloomberg Television interview.
Pretium and Ares Management have agreed to purchase Front Yard Residential in a deal valued at $2.4 billion that would create the second-largest single-family landlord in the U.S, Bloomberg first reported. The equity value of the deal is about $800 million.
Italian state bank Cassa Depositi e Prestiti has made a joint proposal alongside Macquarie and Blackstone to buy an 88% stake in Autostrade per l'Italia, the motorway unit of infrastructure group Atlantia. The investor group is looking to sign a memorandum with Atlantia by Oct. 28.
NAB's efforts to sell BNZ Life is another step in Australian banks and AMP's efforts to get out of the life insurance business, both in Australia and New Zealand.