Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $43.63 USD
Change Today +0.18 / 0.41%
Volume 2.2M
BX On Other Exchanges
Symbol
Exchange
BX is not on other exchanges.
As of 8:04 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

blackstone group lp/the (BX) Key Developments

Seymour Is Reported To Buy Investa's Kings Row Property

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

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

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

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

The Blackstone Group L.P. (NYSE:BX), Fajr Capital Limited and The Abraaj Group are seeking acquisitions in the Middle East.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
BX:US $43.63 USD +0.18

BX Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Boston Properties Inc $131.55 USD -0.31
Brookfield Asset Management Inc C$44.69 CAD 0.00
Franklin Resources Inc $51.58 USD +0.03
KKR & Co LP $23.00 USD +0.02
T Rowe Price Group Inc $81.28 USD +0.01
View Industry Companies
 

Industry Analysis

BX

Industry Average

Valuation BX Industry Range
Price/Earnings 13.8x
Price/Sales 3.3x
Price/Book 3.5x
Price/Cash Flow 26.4x
TEV/Sales 3.7x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact BLACKSTONE GROUP LP/THE, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.