Private Equity

Blackstone close to buy Theme Parks

Blackstone Group

World's largest private equity firm Blackstone Group is in talks to buy Anheuser-Busch InBev's theme park business such as SeaWorld and Busch Gardens.

People familiar with the issue informed on the condition of anonymity that the deal id valued between $2.5 billion and $3 billion.

Goldman Sachs PE fund to invest $250m in Geely Automobile

Goldman Sachs PE fund to invest $250m in Geely Automobile

A private equity fund managed by Goldman Sachs has plans to invest as much as $250 million in Geely Automobile, as per a media report.

Hong Kong-listed Geely Automobile is the arm of Chinese auto-manufacturer Geely Holding Group.

The deal could free up capital for Geely Automobile's parent company to make a bid for Ford Motor's Volvo unit.

Blackstone sells stake in Cineworld and buys in Broadgate

Blackstone

The private equity group, Blackstone, sold half of its 57 per cent stake in the Cineworld, in a move that dragged shares in the British cinema chain down by 9 per cent. Blackstone sold the 50 per cent of its stake in the Cineworld, which runs 75 sites in Britain, for around £62.9 million.

AIG to pay $1.1B in retain bonuses through 2011

AIG

The bailed-out insurer, American International Group said on Friday that its retention program that began in 2008 and would stretch through 2011 would cost approximately $1.1 billion.

Under the retention program, AIG provides key staff members with huge bonuses to help the company remain competitive.

Candover to sell Wood Mackenzie to Charterhouse

Candover to sell Wood Mackenzie to Charterhouse

Chairman of Wood Mackenzie, SIR George Mathewson is going to step down after the London-based private equity firm Candover has agreed to sell its energy-research unit Wood Mackenzie to Charterhouse, another London-based private equity company.

Pages