Vintage Private Equity Deals: Merlin Entertainment – Learnings from one of Blackstone’s Most Successful Investments

Download PDF Introduction In 2005, Blackstone’s [NYSE: BX] private equity fund made a, for its size, relatively modest investment of £102m to acquire Merlin Entertainment, a theme parks company, from the private equity fund Hermes Equity Partners. This was the first step in its strategy of rolling up the attractions Read more…

Deal Recap 01/03/2020

Download as PDF The spiking diffusion of COVID-19 outside of China, particularly in South Korea, Italy and Iran, has negatively affected financial markets, among concerns about its impact on business activity: in the US, the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were all in correction territory this Read more…

The peak of Private Equity?

Introduction The private equity industry has always had a special place in the financial world. Its competitive and dynamic nature has captivated the most talented businessmen, but what really allowed it to grow steadily over the past 40 years was the outstanding performance it granted to the investors willing to Read more…

Dreaming of Yield: Blackstone solidifies its real estate portfolio through $4.7bn Dream Global REIT acquisition

Blackstone Group Inc. (NYSE:BX) – market cap as of 16/09/2019: $63.96bn Dream Global Real Estate Investment Trust (TSE:DRG.UN) – market cap as of 16/09/2019: $3.22bn Intro On September 15, Dream Global Real Estate Investment Trust announced acquisition agreements with affiliates of real estate funds manager, Blackstone, in an all-cash $4.7bn Read more…