Blackstone's new deal

Private equity merchants Blackstone tapped the bond markets this week for $US600 million – time will tell if the deal was as impeccably timed as its share offer was over two years ago.

Some say the top of the last bull market was easy to pinpoint. It was the day when the smartest deal makers in the world, known for cashing in by taking businesses private and reselling them to the public, sat at the end of a long oak table and told you to buy their own firm. That was the time to get out.


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