A reform-oriented government, weak rupee, bumper exits and newer opportunities in bankruptcy and structured capital solutions should provide Blackstone, the world’s largest private equity firm, the ideal environment to re-position itself as an aggressive acquirer of local assets in 2019, said chairman Stephen Schwarzman, in a recent interview with the Economic Times.
“We have done remarkably well as a firm since 2015… became the largest commercial landlord in India,” Schwarzman told ET in an interview.
Blackstone, which globally manages about $457 billion, changed its strategy after the initial turbulent years when many of its infrastructure investments went south. Today, India is the top performing geography globally for the firm.
From minority investments, the switch to buyout deals helped it stand out. The firm has the philosophy of building businesses and not investing in businesses.
Beyond technology or other export-oriented sectors that earn in foreign currencies, the focus is on domestic consumption – financial services and consumer companies.
https://economictimes.indiatimes.com/markets/stocks/news/time-is-right-to-bet-big-on-india-stephen-schwarzman-chairman-blackstone/articleshow/67085650.cms?from=mdr
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Author: Stephen Manallack
Former President, Australia India Business Council, Victoria and Author, You Can Communicate; Riding the Elephant; Soft Skills for a Flat World (published by Tata McGraw-Hill INDIA); Communicating Your Personal Brand.
Director, EastWest Academy Pty Ltd and Trainer/Speaker/Mentor in Leadership, Communication and Cross Cultural Communication.
Passionate campaigner for closer western relations with India.
Stephen Manallack is a specialist on “Doing Business with India” and advisor/trainer on “Cross-Cultural Understanding”. He is a Director of EastWest Academy Pty Ltd which provides strategic advice and counsel regarding business relations with India.
A regular speaker in India on leadership and global communication, his most recent speaking tour included a speech to students of the elite Indian university, Amity University, in Noida. He also spoke at a major Federation of Indian Chambers of Commerce and Industry (FICCI) global summit, the PR Consultants Association of India in Delhi, the Symbiosis University in Pune and Cross-Cultural Training for Sundaram Business Services in Chennai. He has visited India on business missions on 10 occasions and led three major trade missions there. He provides cross-cultural training – Asia and the west.
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