BAML backs Blackstone with €700m on German, UK assets

Bank of America Merrill Lynch has provided more than €700m to Blackstone for acquisitions in the UK and Germany. The US bank has supplied €335m to the private equity giant for its €470m purchase of the Kingfisher retail portfolio of German assets. BAML has also provided £260m (€367m) to Blackstone for its purchase of some of GE Capital’s industrial and office assets in the UK, including London’s 98 Fetter Lane development.