Blackstone Group LP, the world’s biggest manager of alternative assets, agreed to buy Nordic real estate portfolios valued at about 22 billion kroner ($2.7 billion) in the region’s largest property deal since 2008.
Blackstone Real Estate Partners Europe IV entered into an agreement with 10 funds managed by Obligo Investment Management AS to acquire the portfolios in an all-cash deal, according to a joint statement Wednesday.
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“We have had a long-standing ambition to increase our presence in the Nordics, ” James Seppala, head of European Acquisitions at Blackstone, said in the statement.”… READ MORE
Stephen Treloar and Jonas Cho Walsgard
Blackstone Group
Blackstone, the world’s largest manager of alternative
assets, might be ending its search for new assets in Russia.
A source close to Blackstone, who did not wish to be identified,
told the Financial Times More…
– Steven Schwarzman’s firm continues to expand its real estate portfolio.
Steve Schwarzman, Blackstone Group’s has reacquired the Park Avenue Tower
in Manhattan for $750 million. The tower was More…
– – Blackstone Real Estate Partners VII, a real estate fund managed
by the Blackstone Group, has agreed to buy Nevada Property 1 LLC,
the entity which owns the Cosmopolitan casino and hotel in Las Vegas.
Blackstone More…
– Pinnacle Foods Inc. announced today it has entered into a definitive
agreement to be acquired by Hillshire Brands. Pinnacle Foods is a
New York Stock Exchange listed food manufacturing company, based More…
– – New York based private equity firm Blackstone is taking a 20% position
in Versace, the fashion house based in Milan. Blackstone have agreed to put
up about US$207 million (Euros 150 million) to acquire new More…
– (L-R) Mark and Aron Ain / Kronos – Last week human resources software
and services company Kronos Incorporated announced a recapitalization under
which private equity companies have agreed to buy new shares More…
