Sunday, 31 August 2014
Last updated 1 day ago
Sep 12 2013 | 11:44am ET
The Blackstone Group aims to raise more than $1 billion selling shares in hotel giant Hilton Worldwide Holdings.
Hilton filed for an initial public offering today, seeking $1.25 billion. The money would go to paying down debt and will allow Blackstone to begin profiting on its $7 billion investment.
The private-equity firm will retain a majority of Hilton's voting shares after the IPO.
It remains unclear how many shares Hilton will sell, or at what price. Bank of America, Deutsche Bank, Goldman Sachs and Morgan Stanley will run the IPO.
Blackstone bought the McLean, Va.-based company in 2007 for $26 billion, including debt. Prior to the IPO, Hilton will refinance some $13.5 billion in debt.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...