Blackstone Group loses 341.9 million dollars in the third quarter

Sina Financial news Beijing time of October 20 night, the world's largest private equity investment company Blackstone Group (BX) today released the third quarter of 2011 fiscal year results.　　The report showed Blackstone lost $341.9 million in the third quarter, less than $339.3 million a year earlier, as the value of mergers and acquisitions fell 11% from a year earlier. The report shows that excluding some of the costs associated with IPOs (IPO) transactions, Blackstone's net profit in the third quarter was a net loss of $341.9 million and a 31 cents per share, less than last year and analysts had expected. In the third quarter of fiscal year 2010, Blackstone Group net profit of 339.3 million U.S. dollars, earnings per share 31 cents.　　According to a Bloomberg survey, 13 analysts surveyed on average expected Blackstone to lose 30 cents a share in the third quarter, predicting a loss of 41 cents per share to 39 cents a share. The Blackstone Group's economic net profit index does not conform to U.S. GAAP rules. Blackstone's third-quarter net loss was $274.6 million in the US GAAP, with a net loss of $44.4 million in the same period last year.　　In the third quarter, global equities fell 18% per cent in the volatile market conditions faced by Blackstone and its listed rivals, including KKR (KKR) and Apollo Global Management (Apollo Global Management LLC) (APO). The total value of global leveraged buy-outs was $23.2 billion in the entire third quarter, down 33% from the second quarter, according to data compiled by Bloomberg, amid signs that banks are reluctant to finance leveraged buy-out deals, as a result of the eurozone sovereign debt crisis and slowing U.S. growth.　　The so-called leveraged buyout (LBO), is a special form of enterprise mergers, the essence of which is the acquisition of debt, that is, the main financing instruments, the target companies through a large number of debt to shareholders to buy the company equity, and most of these debt capital to be acquired by the assets of the merged enterprises secured. As of September 30, Blackstone Group managed assets of $132.9 billion trillion, up from $129 billion a year earlier. Blackstone's third-quarter performance fee, which included a share of the profits from the spin-off, was $456.3 million trillion, wiping out revenue earned in the previous few quarters. Blackstone's third-quarter investment income was $100.4 million trillion, compared with $141 million a year earlier.　　As of September 30, Blackstone Group's investment capital amounted to 33.4 billion U.S. dollars, the highest level of record. Blackstone's shares fell 0.4% per cent to $13.19 in regular trading on the New York Stock Exchange as of 9:46 Eastern Time (21:46). Blackstone's shares have fallen 6.6% per cent so far this year, the equivalent of less than half of the 31-dollar IPO price for 2007. (Jinliang/compiling) share to: