Antitrust Authorities OK Blackstone’s Bid For GSO

Feb 27 2008 | 7:49am ET

The Blackstone Group’s deal for hedge fund GSO Capital Partners has been given the green light by regulators.

The Federal Trade Commission signed off on the private equity giant’s proposed $930 million acquisition of GSO, it said yesterday. New York-based GSO manages some $10 billion, including a credit hedge fund.

Under the deal, Blackstone will pay $620 million in cash upfront, with another $310 million over five years, subject to GSO meeting earnings targets.

As part of the deal, Blackstone is also buying out Merrill Lynch’s share of the firm, which took a reported 20% stake in GSO last May.

RELATED ARTICLE:

Blackstone Buys Credit Hedge Fund, Plans Share Buyback


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note