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The Zacks Analyst Blog Highlights:Blackstone Group, Credit Suisse Group, Morgan Stanley, Jefferies Group and Capital Trust
By: PR Newswire
Nov. 6, 2012 09:30 AM
CHICAGO, Nov. 6, 2012 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include The Blackstone Group LP (NYSE:BX), Credit Suisse Group (NYSE:CS), Morgan Stanley (NYSE:MS), Jefferies Group, Inc. (NYSE:JEF) and Capital Trust, Inc. (NYSE:CT).
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Here are highlights from Monday's Analyst Blog:
Blackstone Closes GCA Acquisition
Blackstone Capital Partners V, L.P − a private equity fund managed by The Blackstone Group LP (NYSE:BX) − announced that it has completed the acquisition of GCA Services Group from Nautic Partners, L.L.C. and other minority shareholders. GCA provides customized facility services in the U.S and Puerto Rico.
Blackstone anticipates this deal to offer a remarkable prospect of investing in one of the leading firms in the business services segment, where it has considerable proficiency. Further, GCA's attractive market position and brisk growth offer an added incentive. Blackstone is eagerly looking forward to work with the exceptional management of GCA to carry on investing in the latter's growth.
Further, management of GCA felt that the deal is likely to stimulate GCA's gradual growth. The deal reflects GCA's strategy to grow dynamically, which will enhance the quality of service provided to the consumers. Moreover, Nautic Partners consider the Blackstone-GCA partnership to be an excellent collaboration, since Blackstone has a remarkable growth history and is further seeking avenues to develop.
In addition to financing the deal, Credit Suisse Group (NYSE:CS) and Morgan Stanley (NYSE:MS) were the merger and acquisition advisors to Blackstone. The legal counsel of the deal was Simpson Thacher & Bartlett L.L.P.
Moreover, Robert W. Baird & Co. was the primary financial advisor to GCA, whereas Jefferies Group, Inc. (NYSE:JEF) was the co-advisor. The company's legal counsel for the deal was Calfee, Halter & Griswold L.L.P.
In September, Blackstone made an agreement to buy Vivint Inc – a security provider that offers home automation and technology services – for a sum of about $2 billion. The deal is anticipated to conclude by the end of this year.
Later that month, Blackstone also reached an agreement with Capital Trust, Inc. (NYSE:CT) – real estate finance company – to acquire the latter's investment unit. Further, the company is set to purchase 18.2% stake in Capital Trust, giving it the corresponding managerial rights. Overall, Blackstone will shell-out approximately $30 million for this deal.
Blackstone's recent string of acquisitions reflects its strong liquidity. Additionally, these acquisitions have the capacity to fuel the company's overall growth in the future.
Blackstone currently retains a Zacks #2 Rank, which translates into a short-term Buy rating.
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About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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