Deals
Blackstone Fund Buys Majority Stake in Seaplane Companies
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Blackstone Group LP said a private-equity fund it manages gained a controlling stake in two Maldives-based seaplane operators that provide service to resort islands from Hulhule Airport Island in Maldives.
Terms weren’t disclosed. The owners of the companies will still retain a stake in the business and serve as directors on the board, the financial-management firm said in a statement.