Blackstone Irish unit posts €25m increase in profit

The Irish subsidiary of US multinational private equity fund Blackstone paid out an interim dividend of €30m last year as its profits increased.

The company recorded an improved financial performance last year as operating profits rose to just over €25m.

New accounts filed by Blackstone/GSO Funds Management Europe Ltd show the firm’s profits increased €3m in the 12 months to the end of 2015.