Blackstone posts profit; sees more deals ahead ยป financialsurfer.com

Blackstone posts profit; sees more deals ahead

November 6th, 2009 | Category: Industry News
By Megan Davies NEW YORK (Reuters) - Private equity firm Blackstone Group LP ( BX.N) posted a forecast-beating quarterly profit and said it is gearing up for more deals and IPOs as the lending and equity markets recover. The company, which has immense real estate and private equity assets, has stepped up deal activity in the past few months, including buying Anheuser-Busch InBev’s ( ABI.BR) U.S. theme parks for up to $2.7 billion. It is…

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