Blackstone’s $12 Billion Gain on Hilton Shares Highest in Private Equity History | skift.com

The Blackstone Group has done pretty well so far on its 2007 acquisition of Hilton Worldwide for $26 billion as the recession kicked in — historically well. Blackstone Group CEO Steve Schwarzman said last week that Hilton’s share price was trading at “a multiple of 2.8 times our original investment and implies a total gain of almost $12 billion, which we believe is the largest private equity gain in history.”