Saturday, 28 February 2015
Last updated 1 day ago
Nov 8 2013 | 11:39am ET
The Blackstone Group has repeated its coup with hotel chain Extended Stay America.
The private-equity firm more than tripled its money when it sold the company in 2007. It's poised to nearly do so again when Extended Stay goes public next week.
Blackstone, along with Centerbridge Partners and Paulson & Co., bought Extended Stay out of bankruptcy in 2010. At its current planned offering range, the IPO would give the three firms a return of 2.7 times their $1.58 billion investment.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…