Thursday, 25 December 2014
Last updated 14 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.