Filed under: Deals, Blackstone Group L.P (BX)
Since 1992, the The Blackstone Group L.P. (NYSE: BX) has been a top real estate investor with 229 transactions for over $132 billion. With lots of firepower remaining, the firm is striking yet more deals.
The latest is for Synergy, a major real estate development and management firm in India.
The investment amount comes to $18 million, relatively low for the folks at Blackstone, but it’s a highly strategic deal.
Synergy has developed a variety of projects - spanning 100 million square feet — for office buildings, hospitals, hotels and so on. In other words, the firm should be a nice way to source lucrative deals in the fast-growing Indian market.
Tom Taulli is the author of various books, including The Complete M&A Handbook (www.mergerbook.com) and is also a principal in Averiware, which provides an ERP system to small and midsize businesses.
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