Jonathan Gray, Blackstone's president and chief operating officer said at a press briefing, "India is a major part of the anchor of our Asia strategy." Gray added that Blackstone will also consider investing in Indian infrastructure in the future. The New York City-based Private Qquity firm, which manages nearly a...
HealthEdge Launches India Operations Facility
Burlington, MA-based HealthEdge, that offers integrated financial, administrative, and clinical platforms for health insurers, announced the launch of its India operations delivery center in Pune, Maharashtra. Steve Krupa, CEO of HealthEdge, a portfolio company of Blackstone, said, "Our Pune center aligns with our growth strategy and will be a hub...
India is “Best Market,” “Secret Weapon”- American CEOs with Modi
In Washington yesterday, five prominent American CEOs had 15-minute meetings with India's Prime Minister Narendra Modi and each was gushing with enthusiasm for expanding their role in India. The founder and CEO of Blackstone (NYSE: BX), world's largest private equity firm, exclaimed that India is their best market worldwide. The...
KKR's New Asia-Focused Fund Targets $15 Billion
Global private equity group KKR & Co Inc has targeted a record $15 billion for a new Asia-focused buyout fund. Groups such as Bain Capital, Blackstone, Carlyle, and KKR are increasingly focusing on Asian investments as lower valuations and corporate restructuring have created new opportunities in key markets. An Asian...
Blackstone-Owned Mphasis Acquires Stelligent Systems LLC
Bangalore, India-based Mphasis Limited, an IT company that is majority-owned by private equity firm Blackstone, has acquired Reston VA-based automation company Stelligent Systems LLC in an all-cash deal worth $25 million. "Our engineers will greatly benefit from being part of a larger, complementary tech-centric community; as well as serve enterprises...
American Companies Top in Leasing Commercial Space in India
In India, American companies occupy about 45 percent of the grade ‘A’ space, as they continue to expand operations leveraging the low cost and highly-skilled resource base in the country. Companies from India account for 35 percent of the office real estate absorption, while those from the European Union take...