Blackstone plans portfolio IPOs
Monday, October 12, 2009 : PermalinkForbes – Private equity firm Blackstone Group is planning to list up to eight of its portfolio companies, according to a source who received a letter the firm sent to investors on Friday.
The letter details that Blackstone is positioning one company — hospital staffing firm Team Health — for an IPO and evaluating the potential for seven others, the source said.
It also says that Blackstone is in the process of five realizations this year — meaning sales of companies it owns. Of these, four have already been announced and one is imminent, the source said.
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blackstone group, investors, portfolio companies, private equity firm