Blackstone Said to Plan IPO of $7bn Building Products Firm

Blackstone Said to Plan IPO of $7bn Building Products Firm

Blackstone is planning an initial public offering for Building Materials Europe BV that could value the business at as much as $7.1bn, people familiar with the matter said. The private equity firm is working with Lazard Ltd. and plans to select underwriters for the...
LVMH billionaire Bernard Arnault sells Carrefour stake

LVMH billionaire Bernard Arnault sells Carrefour stake

Bernard Arnault, the French luxury goods billionaire, has divested his stake in Carrefour, just as the giant retail chain is yielding results. Arnault first invested in Carrefour with US private equity firm Colony Capital, according to Edge Markets, which saw France’s...
Apollo Funds Complete Acquisition of Yahoo

Apollo Funds Complete Acquisition of Yahoo

Apollo Global Management today announced that funds managed by its affiliates have completed the acquisition of Yahoo – formerly Verizon Media – one of the world’s premier global technology and media companies. With the close of the transaction, Yahoo will...