Real Estate Boon Amid Pandemic. Blackstone Group announced its completion of a real estate transaction with Elion Partners, which includes industrial properties in Broward County. The deal encompasses warehouses located in Weston, Coral Springs, and Pompano Beach. Elion Partners initially paid $35 million for these properties in 2018 and 2019. Medical devices company Venus Concept …
Private Equity: Advent Invests in Hermes UK Courier services company Hermes will soon benefit from a hefty investment from private equity firm Advent International. Otto Group has previously announced that it will partner with Advent to grow Hermes Group in Germany and the UK. Advent International and Otto Group will partner their management teams to …
$1.7bn Deal is Largest for India Real Estate Sector. Private equity giant Blackstone group is planning to acquire Prestige Group’s rental income assets for over $1.7 billion, or Rs 12,745 crore. This buyout will be the largest for the real estate sector in India. This transaction will prove to be useful to Prestige Group as …
Private Equity: Blackstone to Acquire Prestige Group Assets Read More »
Private Equity Meets Both Privacy Concerns and Major Growth in Next-Generation Industry. The PE space is buzzing over private equity giant Blackstone’s acquisition of DNA testing company Ancestry. The firm now holds a majority of the company following a $4.7 billion dollar buyout. This is a unique acquisition due to the nature of Ancestry. People …
Blackstone Acquires Largest Consumer DNA Database Read More »
Ares Leapfrogs Competitors Through Pandemic. Investment firm giant Ares has raised $5 billion for its private equity fund in the second quarter. The firm’s goal is to raise up to $30 billion across all practices, including real-estate and credit. So far in the quarter, Ares raised $400 million for its real-estate fund and $3.9 billion …
Private Equity: Ares Raises $5 Billion En Route To $30 Billion 2020 Haul Read More »