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...
Blackstone's Strategy in India Yields Rich Dividends
Tuhin Parikh, senior managing director for real estate in Mumbai at the New York City-based PE and asset management firm Blackstone, has aggregated a 100-million-sqft portfolio in India. Parikh and Blackstone scripted a gold rush into the country’s rent-yielding office spaces, which saw Brookfield Asset Management, Qatar Investment Authority and others...
India's Property Market May Flourish in 2017
Word on the street was that India's November 2016 demonetization of high value currency notes would have a significant impact on the real estate price; here is what the experts say: Forbes reports that 2017 will be a bumper year for India's real estate market as well as for its...