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Business 20 Apr 2021 | 7:00 AM

Billionaire Packer gets Crown exit path

NEW YORK: James Packer has a potential new exit path from troubled casino operator Crown Resorts Ltd after Oaktree Capital Management LP offered to help Crown fund a purchase of the billionaire’s shares.

Business 20 Apr 2021 | 7:00 AM

Blackstone to sell US$3bil Aussie logistics firm to ESR

SYDNEY: ESR Cayman Ltd has agreed to buy a portfolio of warehouse and logistics assets in Australia from Blackstone Group for about A$3.8bil (US$2.9bil or RM11.96bil) in the country’s biggest real estate transaction in five years.

Business 07 Apr 2021 | 7:00 AM

Private equity sees shale escape route by building cash flow

HOUSTON: Private-equity firms that bet big on shale for more than a decade finally are seeing glimmers of hope that their investments will bear fruit.

Business 25 Mar 2021 | 7:00 AM

Blackstone invests in mental health app

SAN FRANCISCO: Blackstone Group Inc is leading a US$100mil (RM413.33mil) funding round in on-demand mental-health company Ginger, accelerating a push into fast-growing technology startups.

Business 19 Mar 2021 | 7:00 AM

First shale IPO since 2017 fails to impress Wall St

NEW YORK: If the first initial public offering (IPO) of a US shale driller in four years is any indication, Wall Street is still souring on the US oil and gas patch.