GE To Sell UK Home Lending Portfolio to Blackstone, TSSP and CarVal

GE agreed to sell a portfolio of first lien mortgage loans from its UK Home Lending business valued at $5.8 billion to Blackstone, TPG Special Situation Partners and CarVal Investors.

Blackstone Charged With Disclosure Failures

The SEC said three private equity fund advisors within the Blackstone group have agreed to pay nearly $39 million to settle charges they failed to fully inform investors about benefits they obtained from accelerated monitoring fees and discounts on legal fees.

Blackstone GSO Founder Ostrover to Step Down from Firm

Blackstone GSO founder Doug Ostrover will step down as a senior managing director of Blackstone and will become a senior adviser to the firm.

Blackstone Invests in Stornoway Diamond

Stornoway Diamond announced Blackstone Tactical Opportunities, an affiliate of Blackstone, acquired a meaningful equity position in Stornoway and a minority ownership interest in the Renard diamond stream.

Wells, Blackstone to Buy GE Capital’s Real Estate Assets

Blackstone and Wells Fargo announced signed agreements to purchase most of the assets of GE Capital Real Estate in a transaction valued at approximately $23 billion.

Reuters: Blackstone Invests $150MM in Rentech

Reuters reported Blackstone will invest $100 million in convertible preferred shares and a $50 million term loan to Rentech.

Velti Sells Mobile Marketing Business to GSO Capital

Velti announced the company closed the sale of its mobile marketing business to affiliates of GSO Capital Partners.

Blackstone Credit Division Acquires Mobile Marketing Business

Velti agreed to sell its U.S., UK and India mobile marketing businesses and certain of its U.S.-based advertising businesses to affiliates of GSO Capital Partners, the credit division of Blackstone.