Dallas, Texas 04/30/2014 (FINANCIALSTRENDS) – The Blackstone Group L.P.(NYSE:BX) has since acquired minority stake in Gianni Versace SpA, a top-line fashion products manufacturer as well as wholesaler. The financial transaction, with respect to acquiring minority stake is now complete and Blackstone Group now holds complete control.
Private Equity Expert
Blackstone Group LP has been one of the early players in the private asset management as well as capital niche opting to work on a range of advanced offers and instruments.
It has now acquired a reputation as a financial advisory expert, with respect to the wide range of core restructuring as well as restructuring services it has been providing. It also offers unique fund placement services, which are effective solutions for distressed companies.
The Blackstone Group L.P. (NYSE:BX) is in the limelight as a company managing private capital as well as a range of advisory services for financial activities.
Blackstone Group also has another line of business which includes the management of assets. Typical assets the company will deal with include – private equity, real estate as well as hedge funds besides managed accounts.
Financial overview for Blackstone Group
The Blackstone Group L.P. (NYSE:BX) has a market capital of $17.34 billion and EPS of 1.98. The opening price for this stock at last trading session was $30.00. The stock has a daily trading range of $29.76 low and $30.53 high.
Blackstone Group’s 52 week trading average however ranges between $19.15 low and $35.39 high. This stock has been demonstrating profit to earnings ratio of 15.18. Outstanding shares for this stock are in the range of 578.03 million. Beta for this stock is 2.18.
Blackstone has been playing on the international investment market with being counted as one of the highest bidders on $2.5 billion loans offered by Irish institutions. The forward movement that the company has acquired in the recent times has led Blackstone Group receiving brokerage coverage.