Bourne Leisure founders on cusp of £300m Butlin’s buy back August 14, 2022 The family behind one of the UK’s biggest leisure empires is on the cusp of taking back control of Butlin's in a £300m-plus mega deal.
Blackstone takes £4.7bn bet on troubled Australian gambling group February 14, 2022 Blackstone has taken a £4.7bn bet on troubled Australian gambling group Crown Resorts. The resort group has faced regulatory scrutiny after official investigated revealed it had knowingly dealt with criminal organisations and then misled authorities about it. The US private equity giant already owned 10 per cent of the company, but has now snapped up [...]
Landsec and Blackstone ink near £200m London property deal November 12, 2021 Land Securities Group has inked a nearly £200m deal with Blackstone to sell off its London property Harbour Exchange, a data centre which hosts offices. The £196.5m move forms part of Land Securities’ wider portfolio reshuffle plans – after the pandemic diluted the valuations of some retail and office spaces. “Through this disposal, we [...]
Blackstone’s earnings soar to record levels after lucrative asset sales October 21, 2021 The world’s largest alternative asset manager Blackstone has capitalised on the pandemic recovery capital markets frenzy and low interest rates to more than double its earnings in the third quarter to an all-time high. Distributable earnings shot up 112 per cent from this time last year to hit $1.6bn, or $1.28 per share, outsprinting the [...]