Key Takeaways
- • Blackstone's private equity business in Europe has recorded a record year for exits, with seven sales totaling approximately $6 billion in proceeds signed or closed year-to-date, according to exclusive sales figures reported by Bloomberg.
- • The $6 billion figure is reported to be more than double the firm's previous level, and the year is described as a record for European sales.
- • Blackstone is achieving these exits by selling portfolio companies to corporate buyers.
Summary
According to Bloomberg, the proceeds are roughly double the firm's previous comparable total. The firm has been offloading portfolio companies to corporate buyers, a route that has become an important source of realizations for private equity sponsors seeking to return capital to investors.
The report was written by Bloomberg reporter Swetha Gopinath from London. Additional details on individual transactions, buyers, and valuations were not available in the source material.
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