How Blackstone pulled a buy-and-flip in less than a year
The post How Blackstone pulled a buy-and-flip in less than a year appeared first on The Ken .
Blackstone recently orchestrated a rapid buy-and-flip deal in India, acquiring healthcare-services firm AGS Health within a year. The company funded the acquisition using debt raised from Indian public markets, with 90% of the fresh capital intended to repay that debt. Blackstone's involvement in Indian IPOs typically utilizes a higher percentage of debt, often exceeding 80%.
The Ken, an analysis by The Ken, revealed that Blackstone-backed listings in India have pushed debt usage to over 80% of total revenue. The acquisition of AGS Health saw Blackstone's valuation reportedly double its purchase price, as per company draft papers. This move reflects Blackstone's commitment to leveraging Indian public markets for scale and speed in acquisitions.
Written by urgent.news from The Ken's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
