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Blackstone benefits from decline of the ‘club deal’

Club deals make it harder for private equity firms to uphold their own governance standards, senior Blackstone executive says

Blackstone benefits from decline of the ‘club deal’

Blackstone Group is facing declining competition for large buyout deals because its smaller rivals are avoiding so-called club deals, FN's sister publication Private Equity Newsreports.

Club deals, which involve several private equity firms joining forces to acquire a company, have lost their appeal, Prakash Melwani, the chief investment officer of Blackstone's private equity arm, told the SuperReturn conference in Berlin.

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