Blackstone will sell its 49.9% stake in the joint venture that owns the MGM Grand Las Vegas and Mandalay Bay resorts to co-owner VICI Properties Inc for about $1.27bn in cash, the companies said on Thursday. The deal includes the assumption of Blackstone Real Estate...
Palladium Equity Partners has invested in specialist Californian communications firm Southwest Strategies. The company says it has helped secure and build more than $20bn of infrastructure projects in the state since it was founded in 2000. Southwest’s clients include...
Macroeconomic turbulence and big declines in public market indexes since the start of 2022 are complicating private equity firms’ year-end process of placing valuations on portfolio companies, said Craig Ter Boss, a partner in accounting firm EisnerAmper’s...
Eni is reportedly in preliminary talks to buy private-equity-backed gas and oil producer Neptune Energy for around $5bn-$6bn. Neptune produces around 130,000 barrels of oil equivalent per day (boed), primarily gas. Neptune is owned by China Investment Corporation...
BC Partners is considering a sale of UK-based veterinary services firm VetPartners amid interest from potential buyers, people familiar with the matter said. The London-based buyout firm is working with advisers as it weighs a sale of VetPartners next year, the people... 