Buyout kings seek U.S. partnerships as deal prices rise

mardi 31 décembre 2013

Schwarzman, chairman and CEO of the Blackstone Group, gives a speech at a news conference for the launch of the Schwarzman Scholars at the Great Hall of the People in Beijing Private equity firms are increasingly seeking to partner with U.S. companies rather than buying them outright, as they struggle to find ways to put their huge piles of money to work at a time when frothy markets have made takeovers expensive. Major U.S. buyout shops, such as Blackstone Group LP (BX) and Carlyle Group LP (CG.O), are looking at deals such as minority investments in companies or partnerships with companies looking to make an acquisition -- types of transactions that they largely shunned before the financial crisis of 2008. It sees potentially even more such deals for the U.S. fund it raised this year, the $13 billion Carlyle Partners VI fund. In September, for example, it agreed to invest $500 million for a minority stake in Beats Electronics LLC, the headphones company co-founded by rapper Dr. Dre.








via Business News - Yahoo Finance http://finance.yahoo.com/news/buyout-kings-seek-u-partnerships-162515300.html

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