Boston, MA 08/27/2014 (wallstreetpr) – The Blackstone Group L.P. (NYSE:BX), a $38 billion business organization, is a private equity firm with an interest in various sectors of the economy. The company invested $2 billion about two years ago to buy a solar business known as Vivint Solar. The business recently filed for an initial public offering, and that means a cash windfall for the buyer – Blackstone Group.
Recoup investment
According to regulatory filings, Vivint Solar intends to offer its share to the public in an IPO. The filings cite a fundraiser target of $200 million. However, the number of shares that are up for grabs has not been revealed. Even concealed still is the price at which each share will be offered in the IPO. However, whatever the price or the amount of shares offered at the IPO, Blackstone Group L.P. (NYSE:BX) will have its chance to recoup some of the investment made in Vivint Solar.
Residential solar
Vivint Solar launched in 2011, providing solar energy services and home security. The business has grown to become the second-largest in residential solar installation provider. It is only behind SolarCity Corp (NASDAQ:SCTY) The U.S. solar market has been on a robust growth in the recent past, and more growth is expected in the future. Market findings reveal that the U.S. residential solar market will increase by about 28% in compound annual rate to more than 1,700MW in 2017. Perhaps that explains why Blackstone Group L.P. (NYSE:BX) continues to investment in residential real estate and solar stocks.
Asian investment
Blackstone Group L.P. (NYSE:BX) was recently reported to be in talks that could see it make its second investment move in Asia since the financial crisis of 2008. The private equity firm was said to be discussing investment deal with Arkkan Capital Management, a distressed loan hedge-fund run by a former Goldman Sachs Group Inc. (NYSE:GS) executive, Jason Brown. Blackstone’s earlier investment in Asia after the financial meltdown was in Senrigan Capital Group, a Hong Kong-based fund that it helped to increase assets to more than $1 billion in a period of less than two year.
