My Weekly Read📚📚📚 This is a must read if you’re into Finance💰 #SteveSchwarzman #Finance #PrivateEquity #Capital #Booklover #Reading #KnowledgeisPower #ILoveBooks — Photo taken by Instagram user @hanitamarie http://ift.tt/1pSU1ws
This building is where the four richest men of the top 1% live……and that is a homeless man bending over a discarded lottery ticket across from the building. #740parkavenue#lookitup#johnthain#davidkoch#stephenschwarzman#wherethecountrysmoneyis — Photo taken on Instagram by @styelle http://ift.tt/1iyx2RA
Reuters claims that asset management firm Blackstone Group is in final negotiations to acquire industrial conglomerate Gates Global Inc from private equity firm Onex Corp the Canada Pension Plan Investment Board (CPPIB).
The deal is said to be worth over $5.5bn. If it sails through, it could rank among the largest leveraged buyouts in 2014. Blackstone had initially teamed up with buyout firm TPG Capital Management for the said deal, but the latter has opted out due to the price.
Versace has announced more info on its business negotiations with Blackstone, the company that in February grew to become a minority investor in the family-run company.
Blackstone, the world’s largest alternative investment manager, will report first quarter earnings tomorrow before the market-open. Considering Wall Street’s muted expectations, it looks like tomorrow’s results could be a catalyst for the shares to jump.
The consensus estimate of $1.3bn in…
Only Amar’e Stoudemire could beat Christine Schwarzman, wife of Blackstone founder Steve Schwarzman, in a bidding war. The wealthy rivals went head-to-head at Tuesday’s Henry Street Settlement benefit at the Plaza Hotel for a visit to the Chanel-owned Château Rauzan-Ségla, a winery in the Bordeaux region of France. The fierce bidding ended with Stoudemire winning at $17,000. The two hugged in the end before organizers agreed that both could score a visit for $17,000 apiece. (via Amar’e Stoudemire bids big for French wine tour | Page Six)
SeaWorld’s Owner (Blackfish CEO) Steven Schwarzman blames Dawn Brancheau for her own death, on National Television. CNBC. He says she committed safety violations.
This story is being picked up by the Orlando Sentinel.
The private-equity tycoon Stephen A. Schwarzman, backed by an array of mostly Western blue-chip companies with interests in China, is creating a $300 million scholarship for study in China that he hopes will rival the Rhodes scholarship in prestige and influence.
The program, whose endowment represents one of the largest single gifts to education in the world and one of the largest philanthropic gifts ever in China, was announced by Mr. Schwarzman in Beijing on Sunday.
Very excited to see how this develops. Tsinghua is where I taught and researched in 2010.
— Stephen Schwarzman, Blackstone CEO, Q4 Earnings Call (via scopewealth)
“Rhodes East: Why is the Schwarzman Scholarship in China?” The New Yorker, 26 April, 2013.
Evan Osnos sat down with Schwarzman before last week’s big announcement. Long answer short: