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Blackstone Group LP

Blackstone Group Chief Executive Officer Stephen Schwarzman Speaks To Economic Club Of Washington

Chinese Insurer Anbang To Acquire Strategic Hotels & Resorts For $6.5 Billion From Blackstone Group LP

China has been acquiring foreign assets desperately ahead of turbulent economic situations. It has acquired assets for around $84 billion during this year compared to last year’s $108 billion. Anbang has reached an agreement acquiring Strategic Hotels & Resorts for $6.5 billion from Blackstone Group LP which is the latest bout of China’s acquisition spree.

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Blackstone Group Chief Executive Officer Stephen Schwarzman Speaks To Economic Club Of Washington

Blackstone profit falls 70%: hits on challenging volatile markets

Blackstone’s fourth quarter profit drops on volatility. the fourth quarter profit fell to 70 percent. This occured because the asset sales slowed and whipsawing markets took a toll across its business.

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New York

Blackstone to acquire Manhattan's Stuyvesant Town for $5.3 Billion

Blackstone Group LP, the world's largest private equity firm is expected to be the next firm that will acquire the 11,000 apartment complex in Manhattan's Stuyvesant Town. Although the deal is not official yet, news has been circulating that the complex will be acquired by the firm for a value around $5.3 billion.

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General Electric (GE)

GE in talks to sell lending, leasing portfolio to Wells Fargo: source

General Electric Co is in early-stage talks with Wells Fargo & Co about selling its entire $74 billion U.S. commercial lending and leasing (CLL) portfolio to the bank, according to a source familiar with the situation.

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General Electric Co.

GE to sell bulk of finance unit, return up to $90 billion to investors

General Electric Co will shed most of its finance unit and return as much as $90 billion to shareholders as it becomes a “simpler” industrial business instead of an unwieldy hybrid of banking and manufacturing.

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China's Elderly

Ageing China draws investors to its "hot as Internet" healthcare sector

Investors are rushing into China's booming healthcare business, helping M&A deal values surpass those of the hot Internet sector, as the country prepares to cater to hundreds of millions of elderly patients.

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Holcim

Lafarge SA, Holcim near deal to sell $7 billion in assets to CRH: WSJ

Cement companies Lafarge SA (LAFP.PA) and Holcim Ltd (HOLN.VX) are nearing a deal to sell at least $7 billion worth of assets to Ireland's CRH PLC (CRH.I), the Wall Street Journal reported on Saturday, citing people familiar with the matter.

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Leon Black

Apollo nearing deal to buy PetSmart for about $8 billion: Bloomberg

Apollo Global Management (APO.N) is nearing a buyout of PetSmart Inc (PETM.O) for about $8 billion in what would be the largest leveraged deal for a U.S. company this year, Bloomberg reported on Saturday, citing unnamed sources.

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Kellogg Company.

Kellogg CEO planning to meet United Biscuits to discuss deal

Cereal maker Kellogg Co's (K.N) chief executive officer is planning to meet with cookies and snacks maker United Biscuits Ltd (IPO-UNI.L) to discuss a possible 2 billion pound ($3.23 billion) offer for the British company, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

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Burger King

Blackstone to sell Burger King locations to franchisee

Blackstone Group LP (BX.N) plans to sell about 260 Burger King Worldwide Inc (BKW.N) locations owned by a unit in the U.S. Midwest to Texas-based fast-food franchisee Houston Foods Inc, Bloomberg reported.

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Codere SA

Spain's Codere gets 30-day grace period on €127M loan

Gaming group Codere, which sought protection from creditors last week, got a 30-day extension on a €127 million ($173 million)loan due on January 5. Codere had €1.27 billion of debt as of last September.

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Blackstone Group LP

Blackstone appoints senior adviser James Carnegie to head Sydney office

Private equity firm Blackstone Group, which has yet to do an Australian deal, has appointed it senior adviser James Carnegie as the new senior managing director of its Sydney office. Carnegie will be replacing Paul Costello, who resigned last year.

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Casino

Spain's Codere seeks creditor protection amid €1.27 billion debt restructuring

Codere, a Spanish gaming group with €1.27 billion of debt as of last September, is seeking creditor protection and beginning talks to avoid insolvency. Codere may be unable to pay a €127 million loan due on January 5 if it fails to reach an agreement with its lenders.

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 Stephen A. Schwarzman, CEO, Chairman and Co-Founder of Blackstone

Buyout kings seek U.S. partnerships as deal prices rise

Private equity firms are increasingly seeking to partner with U.S. companies rather than buying them outright, as they struggle to find ways to put their huge piles of money to work at a time when frothy markets have made takeovers expensive.

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Crocs

US shoemaker Crocs' chief to retire as Blackstone picks up $200M stake

The Chief Executive Officer (CEO) of Colorado, US-based plastic clogs maker Crocs Inc is set to retire, and Blackstone Group LP will acquire a $200-million convertible preferred stock in the struggling shoemaker.

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