Blackstone, Other Private Equity Firms, In Jupiter Talks

Feb 28 2007 | 12:57pm ET

Word on the street at the Super Return private equity conference in Frankfurt, Germany, is that the Blackstone Group is in talks to buy Jupiter Asset Management from Commerzbank. Sources close to the discussion told The Times of London that a decision to go forward with the deal, which could value Jupiter at as much as £1 billion, is not expected for several weeks, and that Commerzbank has also discussed a sale with several other p.e. firms, including Candover.

Last year, Commerzbank weighed whether to float the asset manager on the London Stock Exchange, an option that remains on the table.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...