As it bought out properties post recession at 35% below market value, Blackstone had accumulated assets for rent to grow into a mature industry.
Deals
Texas firm buys USS Forrestal for a single cent
The US Navy sold the USS Forrestal to All Star Metals for one cent. Texas-based shipbreaker All Star Metals purchased the decommissioned USS Forrestal for one cent.
Five banks to bid for Chicago area branches of Citizens Financial Group
Royal Bank of Scotland US subsidiary Citizens Financial Group is bidding out nearly 105 branches with USD6 billion in deposits and USD2.4 billion in loans.
BTG bids for JPMorgan's commodities business unit
The amount of USD3.3 billion is the price tag for the JPMorgan commodities business unit required from the bidding firms, such as Grupo BTG Pactual.
Safeway shares jump on buyout reports
Shares of Safeway Inc increased by almost 9% after buyout reports started to circulate. Shares of supermarket chain Safeway Inc increased after reports that a private equity firm-led buyout was in the works.
Latest News
The machine to machine sector is where Sierra Wireless would be seeking investments and acquisitions as it grows in the next five years.
Mckesson's planned bid of Celesio would signal a takeover of the German drug distributor. According to two sources who were familiar with the negotiations, US drugs distributor McKesson was close to offering a deal to German company Celesio.
HSBC Holdings plc failed to obtain regulatory approval from the State Bank of Pakistan to sell its banking business in Pakistan.
American Realty Capital Properties said it would be buying Cole Real Estate Investments in a cash or stock deal worth USD11.2 billion.
A regulatory filing revealed that social networking service for film enthusiasts Mubi received a new USD5.1 million investment from unnamed investors.
Cureatr's primary product, a secure messaging app for doctors, received significant backing from investors including Milestone Venture Partners and Cardinal Partners.
The deal pegged to be at USD500 million is now worth USD1 billion. United Arab Emirates mall operator Majid Al Futtaim had set a maximum deal volume of USD500 million for a new hybrid bond according to a source familiar with the transaction.
Bromium's oversubscribed Series C funding round had raised USD40 million. Bromium, whose micro virtual machine technology assisted IT administrators in trapping malware, raised USD40 million in investment capital.
The shareholders of Egypt's Citadel Capital had approved the share sale for increased capitalization expected to reach EGP3.64 billion.
