Joseph Baratta, who runs the private- equity business of Blackstone Group LP, said the stock market rally that helped firms exit investments may last two more years, as long as the Federal Reserve provides support.
JLL Partners Inc., a New York-based private-equity firm, agreed to buy a majority stake in vitamin- maker Royal DSM NV’s pharmaceuticals business to create a new company in a deal valued at $2.6 billion.
Apollo Global Management LLC, which has raised $3.9 billion to buy distressed European assets, is hunting for hotels and resorts in Spain as tourists from across Europe help pull the country out of a two-year recession.
Blackstone Group LP, Centerbridge Partners LP and Paulson & Co. are poised to almost triple their investment when Extended Stay America Inc. goes public, three years after the firms bought the hotel chain out of bankruptcy.
David Carey , president of Hearst Magazines, said he’s “optimistic” that major publishers will be able reach an agreement with Apple Inc. about selling subscriptions for the computer maker’s iPad tablet.