Blackstone Passes $2.8 Billion for Latest Credit Fund

Blackstone Passes $2.8 Billion for Latest Credit Fund

The strategy invests in mezzanine debt, a sector that soared last year as parched investors shopped for yield. Blackstone Group Inc. has closed on more than $2.8 billion so far for a new vehicle that invests in mezzanine debt, an area of private credit that has boomed...
Partners Group, KKR, MIRA bunker down for Link’s PEXA

Partners Group, KKR, MIRA bunker down for Link’s PEXA

Macquarie Capital and UBS’ bankers formally kicked off talks with suitors for Link’s 44.2 per cent stake in Torrens Group Holdings, which owns electronic property payments platform PEXA.   The goal is to realise value for Link Group shareholders who,...
CVC Capital weighs $2B sale for composite-resins business AOC

CVC Capital weighs $2B sale for composite-resins business AOC

CVC Capital Partners Ltd. is in the early stage of evaluating options for AOC LLC, including a sale that could bring in at least $2 billion, Bloomberg News reported, citing people familiar with the matter. The buyout firm may seek a roughly 12x EBITDA multiple for the...