Private Equity Fund News
Blackstone arranges $200-M loan to refinance ASK acquisition credit line
Source ASK Investment Managers (opens in a new tab)Economic Times (opens in a new tab)
Global private equity firm Blackstone is arranging a USD 200 loan to refinance a sponsor-financing facility raised in 2022 for its acquisition of a majority stake in Mumbai-based asset and wealth management company ASK Investment Managers . The existing loan is due to mature in 2027. The transaction is syndicated among four banks: Cathay United Bank, First Abu Dhabi Bank, Mizuho, and Standard Chartered.Blackstone had acquired a majority stake in ASK Investment Managers in August 2021 from Advent International and other shareholders.