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Blackstone Group LP (BX)

BX on New York Consolidated

32.41USD
19 Sep 2017
Change (% chg)

$0.08 (+0.25%)
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Latest Key Developments (Source: Significant Developments)

Paysafe says received takeover proposal from funds managed by Blackstone and CVC Capital
Friday, 21 Jul 2017 02:01am EDT 

July 21 (Reuters) - Paysafe Group Plc ::Paysafe Group statement regarding possible offer.Paysafe Group Plc says that it has received a preliminary, conditional proposal from funds managed by Blackstone and funds managed by CVC Capital partners.under terms of possible offer, ordinary shareholders of paysafe would receive 590 pence in cash per ordinary share in paysafe.consortium indicated financing requirements to be funded in part with proceeds of disposal of business consortium considers to be non-core.  Full Article

Blackstone Group LP - Qtrly net income per common unit $0.51
Thursday, 20 Jul 2017 07:40am EDT 

July 20 (Reuters) - Blackstone Group LP :Blackstone Group LP - Qtrly net income per common unit $0.51.Blackstone Group LP - Distributable earnings was $781 million ($0.63/unit) in the quarter, up 58% year-over-year.Blackstone Group LP - ‍​ Economic net income was $705 million ($0.59/unit) in the quarter, up 36% year-over-year.Blackstone Group LP - Inflows were $12.1 billion in the quarter, bringing the last twelve months inflows to $57.4 billion.Blackstone Group LP - Qtrly total revenues $1.55 billion versus $1.19 billion.Blackstone Group LP - ‍​ Total assets under management (“AUM”) grew to $371.1 billion at quarter-end, up 4 percent.Blackstone Group LP - declared a quarterly distribution of $0.54 per common unit.Q2 earnings per share view $0.62, revenue view $1.53 billion -- Thomson Reuters I/B/E/S.  Full Article

Hilton Grand Vacations, Blackstone form joint venture to purchase Elara
Wednesday, 19 Jul 2017 04:17pm EDT 

July 19 (Reuters) - Hilton Grand Vacations Inc :Hilton Grand Vacations and Blackstone form joint venture to purchase Elara, one of the world’s largest timeshare resorts.Hilton Grand Vacations Inc - ‍acquisition expected to be accretive in 2017 to total adjusted EBITDA and EPS​.Hilton Grand Vacations Inc - deal for ‍approximately $40 million​.Hilton Grand Vacations Inc - transaction is expected to be funded by existing cash on hgv's balance sheet.Hilton Grand Vacations - ‍in addition to ownership stake, HGV will continue to market, sell and manage elara under existing fee-for-service agreements​.Hilton Grand Vacations Inc - ‍HGV will assume a 25 percent stake in joint venture.  Full Article

Celanese Corp announces $1.5 bln share repurchase authorization
Monday, 17 Jul 2017 08:08pm EDT 

July 17 (Reuters) - Celanese Corp :Celanese Corporation announces new $1.5 billion share repurchase authorization.New share repurchase authorization represents approximately 11 percent of company's shares outstanding.Timing of buybacks will be partially based on closing of recently announced proposed tow joint venture with Blackstone.Has deployed $300 million in the first half of 2017 and is on pace to meet $500 million share buyback commitment for 2017.  Full Article

GE to provide digitally-enabled HA power plant and services for Mexico's Tierra Mojada project‍​
Wednesday, 12 Jul 2017 01:33pm EDT 

July 12 (Reuters) - General Electric Co ::GE to provide digitally-enabled HA power plant and services for Mexico's Tierra Mojada project‍​.Tierra Mojada combined-cycle gas-fired power plant is to be completed in December 2019.Will also provide services to maintain the gas turbine, steam turbine and generators under a multi-year service agreement.Tierra Mojada combined-cycle gas-fired power plant is expected to generate 875 megawatts (MW) of electricity.  Full Article

Blackstone to acquire International Market Centers Inc.
Thursday, 6 Jul 2017 12:00pm EDT 

July 6 (Reuters) - Blackstone Group LP :Blackstone to acquire International Market Centers Inc..Financial terms of transaction were not disclosed​.Agreement to acquire International Market Centers, from Bain Capital Private Equity and funds managed by Oaktree Capital Management.  Full Article

Fisterra Energy achieves financial closing of Tierra Mojada power plant
Friday, 23 Jun 2017 01:46pm EDT 

June 23 (Reuters) - Fisterra Energy::Blackstone Energy Partners and Fisterra Energy achieved financial closing of Tierra Mojada power plant in Guadalajara, Mexico.‍Tierra Mojada financed with about $600 million of construction facilities and letters of credit provided by six banks​‍​.Tierra Mojada is a greenfield CCGT power plant that will sell exclusively into new wholesale electricity market in Mexico.Project is expected to finalize construction by December 31, 2019.  Full Article

Hilton announces secondary offering of 15,000,000 shares of common stock
Wednesday, 7 Jun 2017 04:51pm EDT 

June 7 (Reuters) - Hilton Worldwide Holdings Inc : :Hilton announces secondary offering of 15,000,000 shares of common stock.Hilton Worldwide - ‍certain selling stockholders affiliated with blackstone group commenced secondary offering of 15 mln shares of Hilton common stock.  Full Article

Hansteen's sale of German, Dutch portfolios to complete on June 16
Wednesday, 7 Jun 2017 06:13am EDT 

June 7 (Reuters) - Hansteen Holdings Plc :Hansteen hldgs plc - further re. Forward currency contract.‍Disposal of German and Dutch portfolios for eur 1.28 billion to be completed on 16 June​.Proposed sale of its German and Dutch portfolios ‍is expected to complete on 16 June 2017.Had entered into a forward currency transaction to sell Euro 580 million for GBP 503,053,011 at GBP: EUR 1.15296, with a maturity date of 8 June 2017​.‍Has agreed to roll forward maturity date of its forward currency transaction from 8 June to 20 June at existing rate​.‍intends to distribute a substantial portion of net cash proceeds of transaction to its shareholders​.  Full Article

Blackstone Group says funds managed by Blackstone tactical opportunities made equity investment in Ascenty
Monday, 5 Jun 2017 08:00am EDT 

June 5 (Reuters) - Blackstone Group Lp :Blackstone Group - funds managed by Blackstone tactical opportunities made equity investment in Ascenty, a data center & telecom services co in Brazil.Blackstone Group Lp - terms of transaction were not disclosed.  Full Article

Photo

Blackstone taps Morgan Stanley for sale of camera maker Leica: sources

FRANKFURT Buyout group Blackstone has tasked Morgan Stanley with finding a buyer for its 45 percent stake in German iconic camera maker Leica, people close to the matter said on Monday.