US private equity giant Blackstone Group is exiting its investment in Tysan Holdings by selling its stake in the Hong Kong property developer to China’s HNA Group for HK$2.62 billion ($337 million) according to a statement by Tysan to the… Read More>>
Blackstone Group LP last week let its team know that Michael Chae, the chief of Asia private equity for the alternative investment giant, would be returning to New York to resume his former job as head of media and communications… Read More>>
Blackstone Group has effectively taken over control of Hong Kong-listed real estate developer Tysan Holdings by buying up 71 percent of the shares in the company, as the global private equity giant seeks easier access to China real estate opportunities.
According an annoucement in the Shanghai Securities News, Blackstone acquired 65.5 percent of the shares on January 3rd for HK$1.64 billion ($211.5 million)
Only a few weeks after holding a first close, Blackstone’s Real Estate Partners Asia fund has already started acquiring property companies in Asia, as Hong Kong-listed Tysan Holdings announced yesterday that it had received an offer of HK$2.5 billion (US$322… Read More>>