Blackstone, others gear up to list REITs as India finalises rules – Reuters

Blackstone Group and its partner, Embassy Group, are laying the groundwork to cash in on their property holdings by setting up India’s first real estate investment trust (REIT) and listing it on one of the country’s stock exchanges, writes Reuters. Listing REITs gives companies like Blackstone, The Xander Group, an emerging markets investor backed by the Rothschild family, and private equity firm Red Fort Capital, which counts Abu Dhabi Investment Authority among its investors, an attractive option to exit some of their investments, writes Reuters.

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Merlin PE backers sell $615 mln stake – Reuters

Two of Merlin Entertainments‘ private equity backers sold 100 million shares in the British theme park owner for 366 million pounds ($615 million), writes Reuters. Plans to place the shares by CVC Capital Partners and Blackstone Group via Deutsche Bank and Morgan Stanley were announced after Thursday’s close.

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Zimmer to buy PE-backed Biomet for $13.35 bln

Medical device maker Zimmer Holdings Inc said it would buy orthopedic products company Biomet Inc in a deal valued at about $13.35 billion to broaden its portfolio of products that treat bone and joint-related disorders.

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Blackstone and the art of flexible capital

In a room full of eager young, suit-clad MBA students, and his industry peers, Blackstone Group senior managing director David Blitzer got positively Zen about his role in changing the nature of private equity.

Hony Capital considering United Biscuits bid – Reuters

Chinese private equity firm Hony Capital is examining a bid for Britain’s United Biscuits Holdings Ltd and may be teaming up with a corporate buyer, Bloomberg reported, writes Reuters. Beijing-based Hony Capital, which manages more than $6.8 billion, has held informal talks with United Biscuits owners’ Blackstone Group and PAI Partners.

First bids for Australia’s Transpacific waste unit due early Dec – Reuters

First-round bids are due in December for Transpacific Industries Group Ltd‘s New Zealand waste management unit, which is attracting interest from international private equity firms and trade bidders, writes Basis Point a Thomson Reuters publication. Suitors are said to include private equity giants Blackstone Group and Carlyle Group, as well as Japan’s Orix and New Zealand infrastructure investor Infratil.

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