Stephen Schwarzman’s investment funds Blackstone Group, Paul Singer’s Elliott Management and Fortress Investment Group are among those shortlisted for the second round of bidding to buy Japan’s Simplex Investment Advisors in a deal that could top $1 billion, three people with knowledge of the transaction said.
The second bidding round is expected to close by the end of this month, they added. U.S.-based property investment fund Aetos Capital Real Estate has put Simplex, a real estate asset management firm, up for sale…
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REUTERS, TOKYO | BY JUNKO FUJITA