(Opalesque) The U.S. private equity giant Blackstone Group Inc. is taking a stake in a smaller European rival BC Partners, which has $27bn under management. Blackstone Alternative Asset Management (BAAM)’s Strategic Capital Group is investing $560m in BC Partners for a 10% to 15% stake, according to a WSJ report. Specific terms of the transaction were not disclosed.
Blackstone buys a stake in private equity rival BC Partners
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