Blackstone busy putting money to work

|About: The Blackstone Group L.P. (BX)|By:, SA News Editor

The P-E giant is in talks to buy Israeli supermarket chain Mega from Alon Group, reports Globes, with talks being led (on Blackstone's side) by Dan Gillerman, the former Israeli Ambassador to the UN.

It would be Blackstone's (NYSE:BX) first Israeli investment.

Mega is the country's 2nd-largest supermarket chain, with 171 stores.

In other news, Blackstone is among the potential bidders for Japanese property asset manager Simplex Investment Advisors in a deal that could be in the area of $1.25B, reports Reuters.

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