Consortium including Blackstone and LEGO owner to acquire Merlin Entertainments

A consortium of investors comprised of Blackstone, owner of Clarion Events; KIRKBI, owner of the LEGO brand; and global investor CPPIB has agreed terms of a recommended offer for Merlin Entertainments plc, which would take the company private.

Blackstone confirms acquisition of NEC Group

Private equity company Blackstone has announced the acquisition of the UK’s NEC Group – encompassing the NEC, Resorts World Arena, ICC Birmingham, The Ticket Factory and more –from the private equity arm of Lloyds Banking Group (known as LDC) in a deal worth a reported £800m. LDC originally backed a management buyout of the Group from Birmingham City Council in 2015 for £307m. Since then, it...

Blackstone nearing billion-dollar deal to buy UK’s NEC Group

American private equity firm Blackstone is nearing a deal to buy NEC Group for over £800m (US $1.06bn), Sky News reported yesterday. Blackstone is the world’s largest property investor, and recently agreed a £1.4 billion deal to buy Network Rail’s commercial property portfolio, comprising thousands of premises under railway arches across the UK. Blackstone specializes in private equity, credit and...