A letter sent to the Trump administration from New York City’s A-List business leaders, including many from top Wall Street financial services firms, underscores the need for “an orderly presidential transition process” so that the country can re-focus on ending the global pandemic. The letter also underscores the need for more cooperation among groups and… Read More >>
LSE to Transform Itself via Refinitiv Deal
The London Stock Exchange Group (LSEG) is acquiring Refinitiv from a Blackstone consortium for $27 billion in a reverse takeover that will “significantly expand” the LSEG’s data and analytics offerings and yield a global capital markets business to rival players such as Bloomberg. The official confirmation of the acquisition follows reports in the press that… Read More >>
Blackstone Makes Strategic Investment in IT/Ops Consultancy
Alternative asset manager Blackstone Group has made an undisclosed investment in Lionpoint Group in an effort to speed up growth plans for the IT and operations consultancy for alternative investments management firms. The undisclosed investment will also result in a tighter alignment between the two companies. Prior to the investment, Lionpoint worked with Blackstone Innovations,… Read More >>
Blackstone Hatches ‘Refinitiv’ via Thomson Reuters Partnership
A Blackstone-led consortium has finalized partnerships and begun the transformation of the Thomson Reuters Financial and Risk (F&R) group into a new company Refinitiv. The newly hatched company will use the private equity infusion to advance content coverage, cloud options, artificial intelligence (AI), analytics across the Elektron and Eikon platforms for buy-side firms, trading, wealth… Read More >>
Blackstone to Buy Thomson Reuters Division for $17B
Private equity giant Blackstone is taking the lead in a consortium that will result in a new corporation with a valuation of $20 billion that will be the new home for the Financial and Risk (F&R) business of Thomson Reuters. Like Thomson Reuters, the company to come will compete directly against many financial data and… Read More >>
Blackstone Hires from GE for New Infrastructure Push
Blackstone Names Head of Infrastructure Portfolio Asset Management Blackstone reports that Stephen R. Bolze, former president and CEO of General Electric’s power business, will join as a senior managing director and head of portfolio operations and asset management for its newly launched dedicated infrastructure business. Bolze, who will join Blackstone in October, will “partner with… Read More >>
Guggenheim Securities Hires from Blackstone Group
Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, has hired James Schaefer from the Blackstone Group, where he served as head of global power, energy and renewables for Blackstone Advisory Partners, officials say. Schaefer will join the firm’s investment banking department as a senior managing director covering the energy, power and… Read More >>
