Blackstone | Pixr8 News

CyberSecurity Firm FireEye Raises $400 Million Led by Blackstone

11Dec By AdityaNo Comments

FUNDING

CyberSecurity Firm FireEye Raises $400 Million Led by Blackstone

MILPITAS, Calif., 10th December 2020--FireEye, Inc. (NASDAQ: FEYE), the intelligence-led security company raises $400 million in funding led by Blackstone. Blackstone was joined by ClearSky, a cybersecurity-focused investment firm, as a co-investor in the transaction. FireEye also announced that Viral Patel, a Senior Managing Director of Blackstone, and Art Coviello, former chief executive officer of RSA Security, have been appointed to the FireEye Board of Directors, effective immediately. Viral Patel, a Senior Managing Director of Blackstone said, "We have confidence in FireEye's long-term strategic vision and its world-class set of cyber security products and services. As a member of the Board of Directors, I look forward to partnering with management and my fellow board members t...

Blackstone Acquires Cafe Coffee Day Tech Park For up to Rs 3,000 cr

15Aug By PriyankaNo Comments

ACQUISITION

Blackstone Acquires Cafe Coffee Day Tech Park For up to Rs 3,000 cr

India's leading Coffee chain operator Coffee Day Enterprises announced sale of its Global Village Tech Park in Bengaluru to Blackstone for up to Rs 3,000 crore to cut its debt. The announcement comes weeks after Coffee Day Enterprises founder V G Siddhartha allegedly committed suicide. In a letter purportedly written by him, Siddhartha mentioned severe financial stress being faced by his group firms, among other issues. "The Board of Directors of the company...discussed methods of deleveraging the group. Towards the objective of deleveraging the board discussed and approved the disinvestment of Global Village Tech Park in its subsidiary, Tanglin Developments Ltd, in favour of Blackstone," Coffee Day Enterprises said in a BSE filing. "The transaction valuation is about Rs 2600-3000...

Blackstone Acquire Leading Mobile Performance Marketing Platform Vungle

17Jul By AnkitaNo Comments

ACQUISITION

Blackstone Acquire Leading Mobile Performance Marketing Platform Vungle

NEW YORK, July 17, 2019-- Blackstone has agreed to acquire Vungle, a leading performance marketing platform for in-app video advertisements on mobile devices. Vungle is trusted by publishers of more than 60,000 mobile apps worldwide, including top brands such as Rovio, Zynga, Pandora, Microsoft, and Scopely, among others. The company serves more than 4 billion video views per month over a billion unique devices, and is consistently ranked #1 for cross-platform user retention by industry mobile performance indexes. Headquartered in San Francisco Vungle offices are in London, Berlin, Beijing, Tokyo, Singapore, and Seoul. Sachin Bavishi, Principal at Blackstone, said, "As a best-in-class performance marketing platform, Vungle represents a key growth engine for the mobile app e...

Blackstone Looking to Invest 60% of its Fund in India

16Apr By Lavina TolaniNo Comments

BUSINESS

Blackstone Looking to Invest 60% of its Fund in India

Investment opportunities in India have been growing at a rapid rate over past few years. This has led to major firms setting India at the heart of their investment strategy. As per the information obtained from sources, Blackstone Group is set to invest 60% of its maiden Asia focused fund into the Indian economy. "Blackstone plans on deploying $4 billion in Asia over next 5 years", said a person involved in the matter, requesting anonymity. About 40% of the deal fund for every deal done in Asia will be contributed by Blackstone equity fund, while the new Asia fund-BCP Asia will invest the remaining 60%. Anuj Kapoor, MD at USB India said, Until now, the focus of private equity interest in Asia was strongly inclined towards China, especially catering to scale of opportunity and rel...