Blackstone Inc. has agreed to buy Japanese e-comics provider Infocom Corp., according to people familiar with the matter.

Blackstone Buys Japanese Manga Firm Infocom for $1.7 Billion - Bloomberg

Global fund launches in China have hit a record as a weakening yuan and fragile economy drive demand for foreign assets, in the latest sign of low confidence among domestic investors.

Global fund launches fly in China as yuan slumps | Reuters

Blackstone Group CEO Steve Schwarzman announced on Friday that he will back Donald Trump in the 2024 election, giving Trump the support of one of the biggest names on Wall Street. The Morning Joe panel discusses with Andrew Ross Sorkin.

Joe: Blackstone CEO supporting a guy who says he can execute his political opponents

Breaking news and analysis from the U.S. and around the world at WSJ.com. Politics, Economics, Markets, Life &amp; Arts, and in-depth reporting.

Private-Equity Giants Near Settlements With SEC Over Texting Violations

Bernhard Capital acquires govtech firm Apogee Engineering.

Vista to launch single-asset continuation fund, sources say; Vista and Blackstone discuss energy transition | PE Hub

BlackRock may be the world’s largest asset manager, but founder Larry Fink still feels he has something to prove. The $89 billion company’s chairman and CEO, who turns 71 on Thursday, is eyeing retirement and grooming potential successors.

Larry Fink’s next M&A may go in surprise direction

Greenbelt Capital Management -led investor group has acquired Saber Power Services, a Houston-based infrastructure services platform. The seller was Oaktree Capital Management. Schroders Capital, StepStone Group and Wafra Inc also participated in the transaction.

Greenbelt-led investor group buys Saber Power Services

Black Friday sales experts at Consumer Walk are monitoring any early Black Friday 2023 offers on Blackstone griddles, cooking stations & more

Blackstone Black Friday (2023): Summary of Early Blackstone Griddle Offers Researched by Consumer Walk

Blackstone hired JLL brokers to sell the two-tower, 1.3 million-square-foot property at 350 North Orleans Street in River North, after its $310 million CMBS loan matured.

Blackstone puts struggling River North office property up for sale

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Blackstone Group

Today, they’ve just been accepted into the world-famous Y Combinator accelerator, which has backed some of the world’s most successful Web3 companies like CoinB

EasyA x Polkadot Hackathon Winners Accepted To YCombinator To Secure Web3

Lionbridge has recently been <a href="http://www.commonsenseadvisory.com/default.aspx?Contenttype=ArticleDetAD&amp;tabID=63&amp;Aid=37868&amp;moduleId=390" target="_blank">in the news</a> as the story of their <a href="http://www.lionbridge.com/lionbridge-enters-definitive-agreement-acquired-hig-capital/" target="_blank">“agreement”</a> to be acquired by H.I.G. Capital spread. I thought it would be useful to examine more closely what Private Equity is, and what they do since I found much of the commentary on the Lionbridge deal unclear, unsatisfying and quite unlikely to be accurate as they seem to overlook why PE gets involved at all. I thought that while I am at it, let me also add Luigi’s opinion which is also not a translation industry mainstream opinion, to provide alternate perspectives to the ones we have been hearing. &nbsp; &nbsp;From my early business career when I worked close to Wall St. and institutional investment, private equity meant firms like Kohlberg Kravis Roberts, The Blackstone Group, and Apollo Global Management. They were often called corporate raiders, and, in fact, they made a movie about a PE raider, called <a href="https://en.wikipedia.org/wiki/Wall_Street_%281987_film%29" target="_blank">Wall Street</a>, where Hollywood <a href="https://en.wikipedia.org/wiki/Gordon_Gekko" target="_blank">made PE rock stars</a> like Gordon Gekko, look bad, and suggested he/they lived by an ethos that “greed is good”, destroying companies to extract a few million dollars to buy a private yacht. Maybe that was an exaggeration, but it is true, that PE generally went into companies that they felt were undervalued or under-performing and went in and “cleaned up and improved the situation”. They showed them “how to do it right” as Frank Zappa would say. In fact, <a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1342522" target="_blank">there is research</a> that suggests that private equity investors are corporate doctors. Perhaps things have changed since the 90’s, and now Private Equity is a much more friendly and fluffy experience, but my ample gut tells me that generally investors want to make money, and they don’t acquire assets to get a board seat and hang out with the management. They generally want change that results in them making MORE money. &nbsp; &nbsp;An informative <a href="http://www.hbs.edu/faculty/Publication%20Files/15-081_9baffe73-8ec2-404f-9d62-ee0d825ca5b5.pdf" target="_blank">Harvard Business School draft paper</a> provides some insight on the whole Private Equity view of the world. Given that they base their observations on a study of 79 PEGs (Private Equity Groups) with $750B under management suggests to me that there could be some truth here. Top Private Equity Companies <a href="http://ln.is/com/tQ6QL" target="_blank">are listed here</a> HIG Capital who acquired LIOX is #70 in this list.

Private Equity, The Translation Industry & Lionbridge

The Blackstone Group Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant minority investments in operating companies and greenfield development projects in energy and power, financial services, healthcare, life sciences, enterprise tech and consumer, as well as consumer technologies. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. The Blackstone Group Inc. was founded in 1985 and is headquartered in New York, New York with additional offices across Asia, Europe and North America.

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BLACKSTONE GROUP

blackstone.com

employees

Since 1985

COMPANY RANKING

BLACKSTONE GROUP

EVERGREEN INDEX #344

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