blackstone group lp/the (BX) Key Developments
Seymour Is Reported To Buy Investa's Kings Row Property
May 29 15
Sources say Seymour Group Pty Ltd is close to committing to buy Investa Commercial Property Fund's (ICPF) Kings Row office park on Coronation Drive, Milton. The property has been priced between AUD 110 million and AUD 120 million. The marketing campaign by CBRE and JLL attracted strong interest from local and offshore companies. It is understood Abacus Property Group (ASX:ABP) and Greenland Hong Kong Holdings Limited (SEHK:337) and The Blackstone Group L.P. (NYSE:BX) showed strong interest in the property. Kevin Seymour did not return phone calls when contacted by Prime Site. CBRE and JLL refused to comment, reproted The Courier Mail (Australia).
Origin Energy Expected To Acquire Pacific Hydro Amongst Others
May 28 15
Origin Energy Limited (ASX:ORG) is the latest company expected to enter the contest to buy Pacific Hydro Pty Ltd. which is controlled by IFM Investors Pty Ltd. The Goldman Sachs Group, Inc. (NYSE:GS), Citigroup Inc. (NYSE:C), UBS Group AG (SWX:UBSN), Royal Bank of Canada (TSX:RY), Macquarie Group Limited (ASX:MQG) and Barclays Bank PLC could be in the running. Already, Acciona Energia, S.A. and TerraForm Power, Inc. (NasdaqGS:TERP) have been named as among the parties interested in buying Pacific Hydro ahead of the sales process. Among others expected to be in the line-up for an acquisition of Pacific Hydro are super funds such as Canada Pension Plan Investment Board and AustralianSuper Pty Ltd and Borealis Infrastructure Trust. The asset may also have some appeal for firms such as KKR & Co. L.P. (NYSE:KKR) and The Blackstone Group L.P. (NYSE:BX). Pacific Hydro is up for sale through advisers Bank of America Merrill Lynch International Limited and Credit Suisse Group AG (SWX:CSGN).
Blackstone Reportedly To Buy L'Avenue
May 27 15
Rumors say that the L'Avenue in Hongqiao, Shanghai, has been taken over at CNY 5 billion by The Blackstone Group L.P. (NYSE:BX). The acquisition is about to be completed.
Tata Sky Mulls Financing
May 27 15
Tata Sky Limited is seeking financing. Tata Sky has initiated talks with bulge bracket private equity firms to raise up to INR 18 billion after shelving its plans for an initial public offering ( IPO). The loss-making venture will use the capital for its technology upgradation and expansion, said four people with direct knowledge of the process. Citigroup Inc. (NYSE:C) and Morgan Stanley (NYSE:MS) have been retained but now the mandate is to raise PE funding, a person, who is a part of the process, said. "The company will now tap private equity players who can offer patient capital and can wait till the company turns profitable,"another person said. "Most of the global investors such as Bain Capital, LLC, The Blackstone Group L.P. (NYSE:BX), Warburg Pincus LLC, TPG Capital, L.P. and General Atlantic LLC have been approached." Economic Times could not independently verify these names. Confirming that the company has shelved its listing plans, Harit Nagpal, Chief Executive Officer of Tata Sky in an SMS response said, "All our cash requirements have been and will continue to be met by existing shareholders."
Blackstone And Others Eyes Business In Middle East
May 25 15
The Blackstone Group L.P. (NYSE:BX), Fajr Capital Limited and The Abraaj Group are seeking acquisitions in the Middle East.