Blackstone, the world’s largest buy-out firm, is planning to list up to eight companies it owns and sell at least five others, in a marked reversal of its pessimistic view of financial markets. In a letter sent to investors on Friday, Steve Schwarzman, Blackstone founder, said the firm was selling five companies, at double their end-2008 estimated values  – and planned to list eight other companies in which it had invested collectively more than $4bn – over the next year.

This entry was posted by Gwen Robinson on Monday, October 12th, 2009 at 4:59 and is filed under Capital markets, M&A, People, Private equity. Tagged with blackstone. Edit this entry.