blackstone

Exclusive: Blackstone to acquire Aon’s benefits outsourcing for $4.8 billion – sources

Private equity firm Blackstone Group LP has agreed to acquire insurance broker Aon Plc's employee benefits outsourcing business for around $4.8 billion, people familiar with the matter said on Thursday. It also allows Aon to exit a mature, capital-intensive outsourcing business, allowing it to invest in growth areas beyond its core insurance brokerage operations, such as cyber security and health insurance.

Continued here:
Exclusive: Blackstone to acquire Aon’s benefits outsourcing for $4.8 billion – sources

blackstone

Blackstone’s Schwarzman launches ambitious scholars program in China

When Blackstone Group Co-founder and Chief Executive Stephen Schwarzman was asked by the president of China's elite Tsinghua University to design a major initiative for the school, the private equity billionaire decided to aim high. Schwarzman hit upon the idea of creating a one-year Master's …

View original post here:
Blackstone’s Schwarzman launches ambitious scholars program in China

blackstone

Blackstone denies seeking to acquire Brazil mall operator

Investment firm Blackstone Group LP on Sunday said it is not considering an acquisition of Brazilian shopping mall operator BR Malls Participacoes SA , denying a report published early in the day by newspaper O Globo. “We are not actively engaged in acquisition discussions for BR Malls,” Blackstone said in an emailed statement. The Brazilian newspaper, without citing sources for its information, said early Sunday that Blackstone had hired JP Morgan Chase & Co. to help it consider acquiring a controlling stake …

Continued here: 
Blackstone denies seeking to acquire Brazil mall operator

blackstone

Bill Gross is cleared to pursue $200 million Pimco lawsuit

California Superior Court Judge Martha Gooding ruled late Sunday that Gross' breach-of-contract lawsuit was strong enough to proceed. Gross abruptly left Pimco in September 2014 following negative reports about his management style and weak returns at Pimco Total Return , which he had built

Read the original post: 
Bill Gross is cleared to pursue $200 million Pimco lawsuit

blackstone

China’s Anbang challenges Marriott with $13 billion Starwood offer

The non-binding bid, unveiled on Monday, just days after Anbang agreed to acquire Strategic Hotels & Resorts Inc from buyout firm Blackstone Group LP for $6.5 billion, would represent by far the biggest Chinese investment in U.S. real estate assets. The head of China's insurance regulator, Xiang Junbo, wrote in January in a magazine published by the country's central bank that Chinese insurers should venture overseas for investments. Anbang's $2 billion acquisition…

Here is the original: 
China’s Anbang challenges Marriott with $13 billion Starwood offer

blackstone

Blackstone CEO took home $810.6 million in 2015

Blackstone Group LP Chief Executive Stephen Schwarzman took home $810.6 million in 2015, after the New York-based asset manager returned a record amount of cash to its shareholders following a wave of lucrative asset sales. The hefty payout represented a 17 percent rise in Schwarzman's earnings compared with 2014, in line with

Original post: 
Blackstone CEO took home $810.6 million in 2015