VENTURE CAPITAL POST

Only three potential buyers from at least five who expressed initial interest were left to bid for the Ortho Clinical Diagnostics business of healthcare firm Johnson & Johnson, according to sources interviewed by Bloomberg.

Many private equity firms and partnerships are in the process of formulating their bids for diagnostic unit of Johnson&Johnson.

As it bought out properties post recession at 35% below market value, Blackstone had accumulated assets for rent to grow into a mature industry.

Blackstone Group and GIC agreed to buy a 28.5% stake each in Rothesay Life, the European insurer of Goldman Sachs.

According to sources that told Reuters, US private equity firm Blackstone would be among possible bidders for Versace's minority stake.

Johnson & Johnson received numerous preliminary offers from hedge funds interested in acquiring its Ortho Clinical Diagnostics unit, said a Reuters report.

Blackstone Group LP had been in talks to sell its stake in a New Delhi based property valued USD40 million, said sources.

Hersha Hospitality agreed to sell 16 of its properties to a Blackstone Group affiliate.

Rothesay Life Insurance, the British insurance operations of Goldman Sachs Group, had agreed to sell 30% shareholdings to GIC and Blackstone.

Blackstone finalized a settlement with its investors over alleged misrepresentations during its IPO.

China Resources submitted an offer to buy ParknShop, the Hong Kong supermarket chain.

Blackstone Group LP agreed to sell its 50% stake in the Broadgate office complex valued GBP1.7 billion according to sources familiar with the deal.

A group of investors led by Alan Hughes stated that they are prepared to purchase 315 bank branches for GBP1 billion from the Royal Bank of Scotland.

A survey by Jones Lang LaSalle reported that private equity investments into Europe by large funds have reached their highest levels since 2007.

Sources said that Blackstone and Apollo are among the private equity firms that are interested in buying Spanish banks' troubled real estate business units.