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Blackstone Makes First Healthcare Investment in India, Partners with TPG

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Blackstone invests in Indian healthcare sector with TPG as minority shareholder

description: a group of people, including medical professionals, are gathered around a hospital bed. the patient is obscured from view.

Blackstone has announced its first investment in India's healthcare sector, partnering with TPG to acquire a controlling stake in healthcare provider, Sutures India. TPG will remain a minority shareholder, holding approximately 30% of the company. The deal is expected to be completed in the coming months, subject to regulatory approvals.

Abu Dhabi Investment Authority (ADIA), Singapore's GIC, Blackstone, BPEA, EQT (formerly Baring Private Equity Asia), and Warburg Pincus are among the private equity firms that have shown interest in acquiring a minority stake in India's National Stock Exchange (NSE). The firms are expected to submit their bids in the coming weeks.

Blackstone is reportedly exploring options to acquire Netherlands-based lender NIBC Bank. The private equity firm is said to be considering a bid for the bank, which has a market value of approximately €1.7 billion. NIBC Bank offers a range of financial services, including corporate banking, asset management, and mortgage lending.

An off-duty Chicago police officer was killed in a shooting on Blackstone Avenue in Avalon Park. The officer, identified as Areanah Preston, was 28 years old and had been with the department for two years. The shooting occurred on July 18, 2021, and is currently under investigation.

The events business is experiencing a resurgence, driven by technology and a rebound in the hospitality industry following the pandemic-induced hiatus. The events industry is expected to grow at a CAGR of 10.3% between 2021 and 2026, according to a report by Mordor Intelligence. Private equity firms such as Blackstone are looking to capitalize on this growth by investing in event management companies.

The market for loans from non-bank firms like Apollo and Blackstone is booming. A crisis in regional lenders could accelerate this growth, as borrowers turn to alternative sources of financing. Non-bank lenders offer flexible terms and faster processing times than traditional banks, making them an attractive option for borrowers.

This five-bedroom home just off Blackstone Boulevard is a remarkable, spacious, and up-to-date construction. Offered by Residential Properties, the home boasts a gourmet kitchen, a grand living room, and a private backyard with a pool. The property is listed for $1.8 million.

Nexus Select Trust, India's first retail assets-led real estate investment trust (REIT), will focus on eastern India for its new investments. The REIT, which is backed by Blackstone, raised $250 million in its initial public offering in March 2021. The trust will invest in retail properties, including malls and shopping centers.

Investors had speculated that Blackstone might replace First Republic Bank in the S&P 500 index. However, the alternative-investment company was not included in the index's latest reshuffle. Blackstone's shares have risen by approximately 50% over the past year, outperforming the S&P 500 index.


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