Gillian Tan

China’s HNA Group sells Manhattan Building to reduce debt burden

Bisnow reported earlier that real estate developer Jacob Chetrit and his sons bought the tower in a $422-million deal that resulted in a loss for HNA.


World Bank president Kim joining Global Infrastructure Partners

GIP focuses on projects in the energy, transport, water and waste industries and invests in developed and select emerging countries.


TriArtisan Capital in talks to buy Chinese restaurant chain P.F. Chang’s for $700m

P.F. Chang’s has about 220 restaurants in the U.S. and dozens more in Mexico, South Korea, the United Arab Emirates and elsewhere.


Blackstone, KKR eye Cosco’s $1b container terminal in the US

EQT Partners and an arm of Macquarie Group Ltd. are also said to be studying a deal for the asset.


Trinity White City-backed suitor plans overseas expansion for India’s Leela

The suitors have offered $350 million to take over the business and are seeking a 90 per cent stake.


Thailand’s Minor International said to mull $350m investment in India’s Leela

The proposed bid, which is also backed by investment firm Trinity White City Ventures, includes a mix of equity and debt.


Anbang taps Bank of America to run sale of US luxury hotels

Anbang agreed to buy Strategic Hotels from Blackstone Group LP in 2016 for about $6.5 billion, a roughly $450 million premium to what the New York firm had paid for the company just three months earlier.


Fee discount, sops to Saudi helped Blackstone rake in $20b for infra fund

Fee discount is just one of the breaks that the sovereign wealth fund won last year as Blackstone set out to amass a record $40 billion war chest


Morgan Stanley set to begin raising third infrastructure fund

It’s unclear what the firm’s final target will be, but rivals including I Squared Capital, Stonepeak Infrastructure Partners and KKR & Co. each raised $7 billion or more in recent months.


Blackstone said to seek $3.3b to buy stakes in peers

This year, Blackstone has purchased stakes in technology-focused Francisco Partners, middle-market PE firm Kohlberg & Co., Asia-focused PAG and real estate specialist Rockpoint Group.