Items Tagged with 'Blackstone'

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cloudvirga raises $15 million; funding led by Blackstone’s Incenter

Mortgage automation provider plans to use funds to expand
Over the last year, Incenter increased its reach by launching a mortgage-focused broker-dealer called Incenter Securities Group and expanding into title and settlement services with the acquisition of Boston National, a provider of title and settlement services. Now, Incenter, a Blackstone Group portfolio company, is expanding its reach again by investing in cloudvirga, a provider of mortgage process automation.
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Finance of America expands, brings B2R Finance, Jordan Capital Finance into fold

Launches new division focused on lending to real estate investors
Finance of America, a Blackstone Group portfolio company, made quite a splash in recent years as the nonbank revealed a serious growth plan with a series of acquisitions. Now, details of Finance of America’s latest expansion are being revealed, as the company announced that it is launching a new division that will focus on lending to real estate investors, bringing two well-known companies into the fold.
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Invitation Homes goes public, raises $1.54 billion

Stock for single-family rental operator up in early trading
After months of rumors, Invitation Homes, Blackstone Group’s single-family rental operator, finally went public on Tuesday, raising more than $1.5 billion in its initial public offering. And in early trading, the stock traded above the IPO price of $20, checking in at $20.26 as of 10:58 a.m. Eastern.
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Blackstone's Invitation Homes prepares $1.5 billion IPO

Will sell 77 million shares in single-family rental operator
The initial public offering for Blackstone Group’s single-family rental operator, Invitation Homes, is one step closer to reality, as the company disclosed the terms of its initial public offering on Monday. Per a filing with the Securities and Exchange Commission, Invitation Homes will offer 77 million shares in its IPO, with an estimated share price of between $18 and $21 per share.
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Blackstone CEO, leader of Trump's advisory board expects "substantial" reduction in regulations

Steve Schwarzman said changes could be most significant in 45 years
Steve Schwarzman, the chairman and CEO of Blackstone Group, expects to see a “substantial” reduction in government regulations during the term of President-elect Donald Trump. And Schwarzman will be well positioned to help contribute to that regulatory rollback, as he was recently named the leader of Trump’s Strategic and Policy Forum, a group of 16 CEOs who are expected to advise the president-elect on economic issues.
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Donald Trump names JPMorgan, Blackstone CEOs to advisory board

Forum comprised of 16 CEOs
President-elect Donald Trump’s latest selection of leaders involves a new idea: the President’s Strategic and Policy Forum. The group is comprised of 16 CEOs, which includes Stephen Schwarzman, chairman, CEO, and co-founder of Blackstone, and Jamie Dimon, chairman and CEO of JPMorgan Chase.
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Blackstone reportedly files to take Invitation Homes public

WSJ reports IPO could raise $1.5 billion
Blackstone Group is apparently moving forward in its plans to take its single-family rental unit, Invitation Homes, public in 2017. The Wall Street Journal is reporting that Blackstone is taking the next step in the process, reportedly filing confidentially for an IPO that could come “as soon as January.”
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M&A rumor mill: Who will Finance of America and RPM buy next?

RPM Mortgage denies acquisition chatter
Rumors are circulating that several major lenders may soon make major acquisitions. RPM Mortgage, however, says there is no truth to the chatter. Sources say one lender could announce these acquisitions as soon as September, but until then, here’s what industry insiders are saying.
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