Thursday, 21 August 2014
Last updated 10 hours ago
Mar 4 2008 | 10:09am ET
The Blackstone Group yesterday closed the acquisition of GSO Capital Partners and its affiliates for $635 million, with as much as $310 million to be paid over the next five years, contingent on specified earnings targets.
GSO specializes in the leveraged finance marketplace and currently manages approximately $10 billion in assets. It runs a multi-strategy credit hedge fund, a mezzanine fund, a senior debt fund and various collateral loan obligation vehicles.
On the private equity front, Blackstone has hired Gerry Murphy as a senior managing director in London. Murphy will focus principally on supporting Blackstone’s portfolio companies across Europe and Asia.
Before joining Blackstone, Murphy spent five years as CEO of British retail group Kingfisher, where he was responsible for the de-merger of KESA Electricals and the integration of Castorama into the group.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note