Blackstone, Fortress among bidders for Japan's Simplex
Tokyo
US INVESTMENT funds Blackstone Group, Fortress Investment Group and Elliot Management are among those shortlisted for the second round of bidding to buy Japan's Simplex Investment Advisors in a deal that could top US$1 billion, three people with knowledge of the transaction said.
Japanese property firms Hulic Co and Kenedix Inc were also shortlisted, the sources told Reuters, asking not to be identified because the process is not public.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
New York City’s rent-stabilised tenants face third year of price hikes
New Zealand house prices dip for first time in 8 months
Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million
Strained Chinese cities struggle to pay home-buying subsidies
Distressed builder Taeyoung wins debt restructuring vote
China Evergrande to delay 2023 annual results; shares remain suspended