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KKR's fourth-quarter profit drops by nearly a fifth

Finance

03 February, 2020

KKR's fourth-quarter profit drops by nearly a fifth

U.S. private equity firm KKR & Co Inc said on Friday fourth-quarter after-tax distributable earnings fell 18%, owing to a ......

Blackstone quarterly profit rises on asset sales, fee revenue

Finance

31 January, 2020

Blackstone quarterly profit rises on asset sales, fee revenue

Blackstone Group Inc, the world's largest alternative asset manager, said on Thursday fourth-quarter distributable earnings rose 27% year-on-year, as strong ......

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Fund Scan: How Apollo-ICICI's AION Capital is navigating through ‘stressful' times

Finance

19 December, 2019

Fund Scan: How Apollo-ICICI's AION Capital is navigating through ‘stressful' times

Of all the mighty Greek gods, Apollo is by far the most popular. But few would have heard of Aion. Apollo, ......

Podcast: DHFL dangles equity conversion before lenders; Altico gets PE attention

Finance

04 October, 2019

Podcast: DHFL dangles equity conversion before lenders; Altico gets PE attention

Two non-banking financial companies -- Dewan Housing Finance Corporation Ltd (DHFL) and Altico Capital – are busy working out resolution ......

Grapevine: Accel plans sixth India fund; Ant Financial to lead Zomato funding

General

04 October, 2019

Grapevine: Accel plans sixth India fund; Ant Financial to lead Zomato funding

Venture capital firm Accel is looking to raise up to $700 million (about Rs 4,963 crore at current exchange rate) ......

Grapevine: Airtel weighs tower unit sale; Apollo Global, Cerberus may bet on Altico

General

01 October, 2019

Grapevine: Airtel weighs tower unit sale; Apollo Global, Cerberus may bet on Altico

Telecom firm Bharti Airtel Ltd is exploring the option of completely selling its stake in its tower infrastructure business to ......

Grapevine: AION nears Adlabs control deal; Airtel-Dish TV pact hits hurdle

General

26 July, 2019

Grapevine: AION nears Adlabs control deal; Airtel-Dish TV pact hits hurdle

AION Capital, a joint venture between ICICI Bank and Apollo Global Management, is close to acquiring a controlling stake in ......

Grapevine: OYO may raise $1 bn; DHFL promoter in sale talks with Apollo Global

General

11 June, 2019

Grapevine: OYO may raise $1 bn; DHFL promoter in sale talks with Apollo Global

Hotel chain OYO Hotels & Homes is looking to raise $1 billion (Rs 6,945 crore at current exchange rate) in ......

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Explained: Why Blackstone converting into a corporation is a big deal

Finance

24 April, 2019

Explained: Why Blackstone converting into a corporation is a big deal

Last week, Blackstone Group LP decided to convert from a partnership to a corporation. The change is perhaps the biggest ......

Blackstone CEO Schwarzman remains PE industry's top earner for 2018

Finance

04 March, 2019

Blackstone CEO Schwarzman remains PE industry's top earner for 2018

Blackstone Group LP Chief Executive Stephen Schwarzman pocketed at least $567.8 million in 2018 dividends and compensation, making him yet ......