Brookfield s private equity division is in discussions with Blackstone, the world s largest alternative asset manager, to buy into PGP Glass, formerly Piramal Glass. The Canadian asset management giant is competing with US firm Platinum Equity Partners, a relatively unknown entity in India so far. The deal contours have changed as negotiations progress, with the PE suitors now seeking a stake of 65-75% with Blackstone owning the rest.
Brookfields private equity division is in active discussions with Blackstone, the worlds largest alternative asset manager, to buy into PGP Glass — formerly Piramal Glass.