Blackstone

Real estate GIC at forefront of $413-mn deal to buy hotels from South Korea’s DL Group

Singapore sovereign wealth fund GIC Pte. has been given priority rights to buy three hotels valued at more than 600 billion won ($413 million) toget...

Real estate Blackstone zooms in on hotels, warehouses in Korea

The global real estate market is poised for a recovery, led by industrial warehouses, residential facilities and data centers benefiting from declin...

Real estate Seoul office sales rebound for first time in 4 years in 2024

The Seoul office market bounced back for the first time in four years in 2024, with transaction volume soaring 78.7% to 13.4 trillion won ($9.1 bill...

Mergers & Acquisitions Blackstone, Carlyle, MBK vying for CJ CheilJedang’s bio business

Blackstone, Carlyle Group and MBK Partners have joined the race to purchase the bio business of CJ CheilJedang Corp., the world’s largest prod...

Private equity Kamur PE sells cutting tool maker JJ Tools to Blackstone

Seoul-based Kamur Private Equity has signed a definitive agreement to sell a majority stake in South Korean industrial cutting tool manufacturer JJ ...

League table UBS tops Korea’s M&A advisor list on Asiana, Affinity deals

UBS Group AG topped the South Korean mergers and acquisitions (M&A) league table in the second quarter as the global investment bank worked on m...

Mergers & Acquisitions Blackstone signs over $1 bn deal with MBK for 1st exit in Korea

Private equity giant Blackstone Inc. is set to mark its first exit from South Korea by selling a 71.25% stake in the holding firm of Geo-Young Corp....

Real estate Blackstone sells prime Seoul office building for $586 mn to Koramco

Blackstone Inc. completed selling off Arc Place, a prime office building located in Seoul's upscale Gangnam area, to Koramco REITs Management and Tr...

Real estate Blackstone names Koramco preferred bidder for $553 mn landmark

Blackstone Inc. has tapped South Korea’s Koramco REITs Management and Trust Co. as the preferred bidder for prime office building Arc Place, t...

Pension funds Blackstone, KKR join race for Korean pension fund's real estate debt

South Korea’s Government Employees Pension Service (GEPS) has shortlisted four global investment firms, Blackstone, KKR & Co., Goldman Sac...

Mergers & Acquisitions Blackstone seeks medicine distributor sale for 1st Korea exit

Blackstone Inc. has embarked on the process of selling South Korea’s largest medicine wholesaler Geo-Young Corp., a deal estimated at up to $1...

Alternative investments Samsung insurers commit $650 mn to Blackstone's alternative assets

South Korea’s Samsung Life Insurance Co. and Samsung Fire & Marine Insurance Co. have committed to a $650 million injection in some altern...

Pension funds Korea's NPS commits to Blackstone's ESG credit platform

The National Pension Service (NPS) of South Korea, has committed capital to Blackstone Credit’s Sustainable Resources Platform to enhance the ...

Mergers & Acquisitions Carlyle, GS team up to buy Korean dental scanner maker

The Carlyle Group, a US private equity giant, has joined hands with South Korean energy-to-retail conglomerate GS Group to buy Medit Corp., the worl...

Pension funds Carlyle tops NPS' favorite PE managers as of end-2021

The Carlyle Group was the most preferred fund manager hired by South Korea’s National Pension Service (NPS) as of end-2021, according to NPS&r...

Private equity Blackstone taps ex-Citibank Korea CEO as Seoul office head

The Blackstone Group has named Ha Yung-Ku, who had led Citibank Korea for nearly 14 years, as chairman of its South Korean operations as the US inve...

Real estate IGIS beats Blackstone, Brookfield in Asian real estate AUM

IGIS Asset Management Co., South Korea’s largest real estate asset manager, was ranked as the world’s second-largest asset management ...

IPOs Simone drops IPO on weak institutional investor demand

South Korean Simone Acc. Collection Ltd. has withdrawn its initial public offering plan on lukewarm demand from institutional investors, investment ...

IPOs Blackstone, Hahn & Co. to reap $800 mn from two Korean IPOs

South Korea's largest used car seller K Car Co., wholly owned by Hahn & Co., will go public on the country's main stock exchange in October, whi...

M&As Blackstone may team up with Mahle to buy Hanon Systems

The Blackstone Group is in discussions with German automotive parts manufacturer Mahle GmbH to make a joint bid for South Korea's Hanon Systems Corp...

IPOs Blackstone-invested handbag maker Simone applies for IPO review

South Korea’s luxury handbag maker Simone Acc. Collection Ltd., 30% owned by US private equity firm Blackstone, has kicked off a process to li...

Pension funds NPS makes strategic investment in BC Partners with Blackstone

The National Pension Service has made an investment in BC Partners by acquiring a stake in the UK private equity firm through a Blackstone fund, acc...

Pension funds NPS commits $500 mn to Blackstone life science property fund

The National Pension Service has committed $500 million to Blackstone's new life science real estate fund that is expected to raise over $12 billion...

PEFs Blackstone to open Seoul office for improved communication

The Blackstone Group is working to set up a Seoul office, seven years after the US investment firm closed it down, in response to growing calls from...

IPOs Blackstone-backed handbag maker Simone readies for IPO

South Korea-based luxury handbag maker Simone Acc. Collection Ltd. is pushing for an initial public offering this year, paving the way for the globa...

Blackstone leans toward warehouse, life science properties

The Blackstone Group, which four years ago held the world’s largest hotel portfolio, has shed most of its hotel investments over the past few ye...

Pension fund NPS joins in billion-dollar LNG midstream deals of Blackstone, KKR

The National Pension Service (NPS) made an investment of the trillion-won ($860 million) level in two LNG midstream assets in North America last month...

Real estate Hana Fin buys Germany’s office complex from Blackstone for $1.1 bn

Hana Financial Investment Co. Ltd. closed on the 1.3 trillion won ($1.1 billion) purchase of Germany’s largest office complex in Frankfurt from ...

Korea Post has awarded two real estate debt investment mandates worth $150 million to the Blackstone Group and Principal Asset Management, its savings...

Blackstone to buy stake in Korea’s largest shopping mall

The Blackstone Group has agreed to buy a 31.85% stake in South Korea’s largest shopping mall from the US developer Taubman Centers Inc. which is selli...