Blackstone Group Inc. is investing in a group of U.S. data centers as more consumers shift to the internet during the pandemic. A unit of the private equity giant is acquiring a roughly 90% interest in the real estate for eight single-tenant centers in Northern...
Two fast-growing US home lenders suspended their plans to list their shares last week, suggesting that the housing boom triggered by falling interest rates may rest on weak foundations. Caliber Home Loans originated $57bn in home loans in the first nine months of...
Ewan MacKinnon, a partner of Glasgow-based private equity company Maven Capital Partners, didn’t know what he was missing until his firm opened an office in Newcastle. For years, Maven staff used to scour for deals in the North-East of England from its Edinburgh...
Challenging times often produce breakthrough innovations. We’ve seen this in the airline industry, which went bankrupt after 9/11. Legacy carriers refused to innovate until economic realities forced them to consolidate and change their fee structure. Similarly, from...
Private equity firm Stonepeak Infrastructure Partners said on Sunday it would buy Astound Broadband, owner of a network of regional cable TV and internet providers, for $8.1 billion. Stonepeak will buy Astound from TPG Capital and Patriot Media Management, it said in...
