#MCExclusive | Post PAG-Edelweiss, another big deal brewing in the wealth & asset mgmt space.
Ashwin Mohan reports that Blackstone is in exclusive talks to buy a majority stake in Advent International backed ASK Group
https://www.moneycontrol.com/news/business/companies/blackstone-in-exclusive-talks-to-buy-majority-stake-in-advent-international-backed-asset-wealth-management-firm-ask-group-7370381.html
#Blackstone #Deals #ASKGroup
Ashwin Mohan reports that Blackstone is in exclusive talks to buy a majority stake in Advent International backed ASK Group
https://www.moneycontrol.com/news/business/companies/blackstone-in-exclusive-talks-to-buy-majority-stake-in-advent-international-backed-asset-wealth-management-firm-ask-group-7370381.html
#Blackstone #Deals #ASKGroup
Moneycontrol
Blackstone In Exclusive Talks To Buy Majority Stake In Advent International-backed Asset & Wealth Management Firm ASK Group
The last prominent buyout in the wealth management space was completed in March 2021 when PAG, a leading Asian investment firm acquired 61.5% stake in Edelweiss Wealth Management for ₹2,366 crore.