Deal Of The Week

After retreating from the markets since 2007, Blackstone has finally decided to take advantage of the recovery by listing up to eight companies and selling at least five others. The world's largest buyout firm was amongst the first to turn bearish and in 2008, its investors received almost no cash proceeds, leading to a huge buildup of unrealised investments. Investors should finally see US$2.8bn from the sale of the five companies. Furthermore, Blackstone is ramping up its M&A transactions, with three acquisitions since May, including that of Busch Entertainment. Hence the two salient aspects of Blackstone's comeback are 1) the

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