Private equity firms are increasingly seeking to partner with U.S. companies rather than buying them outright, as they struggle to find ways to put their huge piles of money to work at a time when frothy markets have made takeovers expensive.Major U.S. takeover shops, such as Blackstone Group LP and Carlyle Group LP, are looking at deals such as minority investments in companies or partnerships with companies looking to make an acquisition -- types of transactions that they largely shunned before the financial crisis of 2008.Carlyle, for example, did no such deals in Carlyle Partners IV, a $7.8 billion U.S. buyout fund raised in 2005. But it ended up investing about 15 percent of its $13.7 billion Carlyle Partners V fund, raised in 2007, in such non-conventional deals.It sees potentially even more such deals for the U.S. fund it raised this year, the $13 billion Carlyle Partners VI fund. In September, for example, it agreed to invest $500 million for a minority stake in Beats Electronics LLC, the headphones company co-founded by rapper Dr. Dre.
The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 1.44% or $0.45/share to $31.74. In the past year, the shares have traded as low as $15.93 and as high as $31.94. On average, 4653490 shares of BX exchange hands on a given day and today's volume is recorded at 595774.
Shares of CG traded higher by 1.21% or $0.419/share to $35.03. In the past year, the shares have traded as low as $23.85 and as high as $37.89. On average, 496191 shares of CG exchange hands on a given day and today's volume is recorded at 40940.
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