Blackstone Buys $1b Japan Portfolio From PAG

Blackstone Buys $1b Japan Portfolio From PAG

Blackstone has made its fourth major real estate acquisition in Japan this year, bringing its combined spending on property assets in the country to more than JPY 540 billion ($5.2 billion). The US private equity giant has spent about JPY 110 billion to buy a...
BC Partners seeks to sell $7bn Springer Nature stake to itself

BC Partners seeks to sell $7bn Springer Nature stake to itself

BC Partners LLP, a London-based alternative investment firm, is considering selling its 47% stake in Springer-Verlag GmbH (Springer Nature), a Berlin-based publishing firm and a portfolio company of the British buyout firm, to a new fund that BC Partners will form,...
United Airlines unveils rights issue plan to protect tax assets

United Airlines unveils rights issue plan to protect tax assets

United Airlines Holdings Inc said on Friday it was seeking shareholder approval for a rights offering as part of a plan to thwart any hostile takeover moves and preserve a $8.2 billion tax benefit. Chicago-based United said it had net federal operating loss...
L Catterton invests $150 million in hair-and-body care firm

L Catterton invests $150 million in hair-and-body care firm

Private equity firm L Catterton has invested $150 million in Function of Beauty, a maker of customizable hair and body care products that has long been on the radar of Connecticut investors. L Catterton’s “strategic minority investment” will accelerate the...