American investment firm Apollo Global Management LLC raised USD3.9 billion to buy distressed European assets. Specifically, the private equity firm is hunting for hotels and resorts in Spain.
Blackstone Group
Cisco is expected to report higher quarterly profit for its fiscal first quarter of 2014. The report may uncover any evidence of sales pressure from the U.S. federal government shutdown and weakness in China.
Merlin Entertainments was set to close its London float order books early because of the strong demand, according to a source.
Sources said Blackstone would be making a bet for regional government properties in Spain after its July acquisition.
Brixmor Property Group would be raising up to USD 905.6 million when it goes public, helping make 2013 the biggest year for IPOs in the US real estate market.
Blackstone Group President Tony James said he won't leave Blackstone despite share sale.
Private equity-backed Merlin Entertainment Group would be conducting a share sale to raise GBP 200 million in London.
Blackstone Group's Vivint Inc raised USD 540 million to build home power systems.
Blackstone Group's Brixmor Property Group would be raising USD 787.5 million in a planned US IPO.
A Blackstone Group-led consortium would privatize Pactera Technology.
Blackstone completed its acquisition of Multi Corporation.
Blackstone Group had been in advanced talks with Bain Capital regarding the sale of 13.09% of its stake in Emcure Pharmaceuticals valued USD100 million.
Crescent Real Estate Holdings sold the properties it had bought in 2009 to ride the real estate market recovery.
Blackstone paid Crescent Real Estate USD347 million for Hughes Center complex.
Blackstone Group LP decided to sell its shares in hotel chains following the increased sales of hotel properties in the US this year.
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