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  • Cendant to sell Travelport to Blackstone
    David Rapp- 23 January 2013

    Travel and real-estate company Cendant announced plans to sell its travel distribution services subsidiary Travelport—which includes its Orbitz and CheapTickets businesses—to The Blackstone Group for about $4.3bn in cash.

  • Lightyear, Lehman launch reinsurer
    Ken MacFadyen- 23 January 2013

    Lightyear Capital, Lehman Brothers Merchant Banking and hedge fund West End Capital are the latest to make a play in the reinsurance space, launching Flagstone Reinsurance Holdings with $715 million.

  • Lone Star squared
    PEI Staff- 23 January 2013

    The Texas-based private equity firm has bought the previously unaffiliated Lone Star Steakhouse chain for $600m.

  • Rocky Mountain high
    PEI Staff- 23 January 2013

    Denver-based KSL Capital, a former KKR affiliate, has raised more than $1 bn for its first standalone real estate fund.

  • Scandals & celebrities
    PEI Staff- 23 January 2013

    Scandals & celebrities 2005-09-01 Staff Writer There are few buildings connected to a single event in the way The Watergate is connected to the scandal that eventually brought about the resignation of President Richard Nixon. Still, the Watergate complex, which includes a hotel, shopping center, apartmen

  • Office space
    PEI Staff- 23 January 2013

    High above Manhattan, four private equity real estate pros gathered to discuss the US office sector and the ‘scratching and clawing’ it takes to succeed in today's market. By Paul Fruchbom

  • Time is money
    PEI Staff- 23 January 2013

    When private a faded hotel in Japan, there By Alison Granito

  • The young gun
    PEI Staff- 23 January 2013

    The young gun 2006-11-01 Staff Writer Chad Pike , still in his thirties, is running Blackstone's real estate operations in Europe, making him one of the youngest stars in the asset class. Though he is often compared to two other young guns—his counterpart in the US, Jon Gray, and the co-head of Morgan Stanl

  • The envelope pusher
    PEI Staff- 23 January 2013

    The envelope pusher 2006-11-01 Staff Writer John Kukral may no longer be running the real estate arm of The Blackstone Group, but his mark on the company—and on the industry as a whole—can still be felt. An alumnus of JMB Realty, Kukral joined the New York private equity firm in 19

  • Rubenstein adds Trizec investment pro
    PEI Staff- 23 January 2013

    Philadelphia-based private equity real estate firm Rubenstein Partners has hired the former chief investment officer of Trizec to help acquire assets for its debut fund.