The Blackstone Group has revealed its third deal in two weeks, including its second investment in an energy company, by investing $500m (â¬319m) in Crestwood Midstream Partners, as investors seek opportunities from the recent upswing in oil prices to record highs.
Last week, oil and gas exploration company Kosmos Energy announced that Blackstone had invested $500m in it as well. They are Blackstoneâs first energy deals since 2005, when it took a majority stake in Sithe Global Power.
