Blackstone Group LP offered to pay 43 million euros ($58 million) for a portfolio of homes in Spain being sold by the country’s bad bank as the U.S. private-equity firm builds its rental business in the country, according to two people with knowledge of the matter.
Blackstone Group LP, the world’s biggest private-equity firm, priced the largest collateralized loan obligation in Europe this year after it increased the deal by almost 50 percent to meet investor demand.
Bidders including Blackstone Group LP and Goldman Sachs Group Inc. dropped out of an auction of 1,458 rental homes in Spain, leaving the properties unsold, two people with knowledge of the matter said.
United Biscuits, owner of McVitie’s and Jacob’s snacks brands, began raising 725 million pounds ($1.1 billion) of senior loans to replace its debt facilities after selling its KP Snacks unit earlier this year.
Ma Sin-chi, a Deutsche Bank AG managing director in Hong Kong, was charged with accepting HK$24.8 million ($3.2 million) in bribes in exchange for advice on the trading of derivative warrants issued by the bank.
Mivisa Group, the Spanish food-can maker partly owned by Blackstone Group LP, got lenders to agree to a 145 million-euro ($187 million) loan to pay its owner a dividend, according to three people familiar with the matter.