Blackstone’s CEO increasingly wants to own a piece of his competitors. His latest deal for a stake in BC Partners shows rivals who’s boss, writes tombuerkle.
BC Partners announced on Aug. 6 that Blackstone had acquired a passive minority stake in the Europe-focused private equity firm.
The London-based buyout shop, which has been expanding recently into real estate and private credit, said the investment would help it expand its capabilities. The Wall Street Journal reported that Blackstone was investing 500 million euros for a stake of 10%-15%.
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