Blackstone Chief Executive Stephen Schwarzman said on Wednesday that redemptions in his firm’s $69bn non-traded real estate income trust (REIT) were driven by investors roiled by market volatility rather than dissatisfaction with the fund. Blackstone shares have...
Deutsche Bank AG’s asset management arm DWS Group is considering a sale of its private equity secondaries business as part of a plan to pull back from areas where it doesn’t have sufficient scale. DWS has been pitching the unit to interested parties, people familiar...
Private equity investor Partners Group has taken control of Breitling after increasing its stake from the 25% it acquired in 2021 to over 50%. The transaction values Breitling at $4.5 billion, according to Bloomberg. London-based CVC Capital, which bought Breitling...
Sentinel Capital Partners, a private equity firm that invests in promising midmarket companies, today announced the simultaneous closings of Sentinel Capital Partners VII, LP at $4.3bn and Sentinel Junior Capital II, LP at $835m. These twin closings cap a $5.2bn...
Binding offers for Global Switch are due by mid-December which could value the Chinese-controlled data centre provider at around $8bn including debt, two people with direct knowledge of the deal told Reuters. Private equity firms PAG, KKR & Co and EQT are in the... 