In August 2020, Blackstone acquired Takeda Consumer Healthcare for $2.3 billion. Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone. This represented the largest leveraged buyout completed since the takeover of RJR Nabisco at the end of the 1980s leveraged buyout boom. Blackstone's partners in the acquisition were Silver Lake Partners, Bain Capital, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts, Providence Equity Partners, and TPG Capital. Ross brings the necessary skills and experience scaling global, sustainability-focused businesses to capitalize on this environment. [49], Blackstone made a significant investment in Financial Guaranty Insurance Company (FGIC), a monoline bond insurer alongside PMI Group, The Cypress Group and CIVC Partners. Companies Contacts Investors Funding Rounds Acquisitions People Events . [4]:4556[5] The founders named their firm "Blackstone," using a cryptogram derived from the names of the two founders (Schwarzman and Peterson). Blackstone to Acquire International Data Group, a Leading Market Intelligence and Data Platform for the Technology Industry. Blackstone provides $1.2-billion in financing to Westland Insurance Group to fund acquisitions - The Globe and Mail Blackstone provides $1.2-billion in financing to Westland Insurance Group. The district court concluded that the complaint, by focusing exclusively on Blackstone's acquisition of Ancestry, did not adequately allege any compulsory disclosure, as required by Section 30 of GIPA. ", "Blackstone snaps up Ancestry.com in $4.7bn deal", "Blackstone buys Takeda's over-the-counter business for $2.3bn", "Blackstone will invest close to $400 million in mobile app marketer Liftoff", "Butlin's owner Bourne Leisure slumps to loss as pandemic takes toll", "Blackstone Bids to Buy Australia's Crown Resorts", "Blackstone rolls the dice with $6.2 billion move on Australia's Crown Resorts", "Hasbro to Sell EOne Music Unit to Blackstone for $385 Million - BNN Bloomberg", "MGM Resorts International Announces Agreements To Purchase Infinity World's 50% Interest In CityCenter And Monetize CityCenter Real Estate Assets", "AIG to sell life and retirement unit stake to Blackstone, another with IPO", "Liftoff and Vungle Merge: 2 Top-Ten Mobile Ad Networks Owned By Private Equity Fund Blackstone Combine Forces", "Blackstone buys majority stake in SPANX, Inc", "Blackstone to Acquire Nucleus Network, Australia's Largest Phase One Clinical Trials Specialist", "Australia's Crown Resorts backs US$6.3 billion Blackstone buyout offer", "Crown Resorts Finalizes $6.6B Blackstone Group Acquisition", "Blackstone to buy American Campus Communities for nearly $13 billion", "Blackstone Is Buying PS Business Parks for $7.6 Billion", "Blackstone, Emerson Electric Strike $14 Billion Buyout Deal", "Emerson selling climate technologies in $14B deal", "PEI 300: KKR beats the crowd to claim PE's throne", "Blackstone buys security firm Vivint for over $2 billion", Blackstone Real Estate Investment Portfolio, "Blackstone to Buy Stakes in Apartment Complexes From GE Unit", "Blackstone to Sell California Office Buildings for $3.5 Billion", "Blackstone traekker sig fra omstridt ejendomhandel (Blackstone withdraws from disputed real estate trade)", "Blackstone's BREIT slump looks nasty but not fatal", "Blackstone Just Limited Withdrawals From REIT", "Blackstone to acquire GSO Capital, buy back shares", "Blackstone to Buy Hedge Fund to Strengthen Credit Operations", "Motel 6 to pay $7.6 million for giving guest lists to U.S. immigration", "Motel 6 pays $12 million for sharing guest lists with U.S. immigration: Washington AG", "A Top Financier of Trump and McConnell Is a Driving Force Behind Amazon Deforestation", "Warren says Blackstone worsening climate change in new private equity salvo", "The Finance 202: Elizabeth Warren is escalating attacks on private equity. Blackstone (BX) To Buy ESG Software Firm Sphera for $1.4B The U.S. federal government is ticking closer to its "x-date," when it will no longer be able to pay its bills and risk a default that would shake the world economy. On July 15, 2019, Blackstone announced its plans to acquire Vungle Inc., a leading mobile performance marketing platform. Switchboard:+1 (212) 583-5000. The private equity firm said it would acquire Preferred Apartment Communities, a real estate investment trust, for $6 billion. Join Mergr to view The Blackstone Groups full profile and discover more NEW YORK APRIL 24, 2023 Blackstone (NYSE: BX) today announced that, upon close of the previously announced transaction through which private equity funds managed by Blackstone (Blackstone) will acquire a majority stake in Emersons (NYSE: EMR) Climate Technologies business, Ross B. Shuster will become Chief Executive Officer of the new standalone business. During the buyout boom of 2006 and 2007, Blackstone completed some of the largest leveraged buyouts. Individual Investors & Financial Advisors, The transaction was announced on April 19, 2022. [171], In 1990, Blackstone created a fund of hedge funds business to manage internal assets for Blackstone and its senior managers. Part of the purchase involved splitting the business into a property company, NHP, and a nursing home business, which Blackstone claimed would become "the leading company in the elderly care market". Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT). The transaction, comprising 4 million square feet of warehouses, is one of the largest logistics portfolio transactions ever reported in Japan, and reinforces Blackstones commitment to []. Its largest (disclosed) acquisition occurred in 2021 when it acquired Medline Industries for $34.0B. After two years of providing strictly advisory services, Blackstone decided to pursue a merchant banking model after its founders determined that many situations required an investment partner rather than just an advisor. Investors asked to redeem $4.5 billion in April from Blackstone Real Estate Income Trust, the same amount shareholders sought to pull in March, according to a letter Monday. Talent Acquisition and Executive Search Blackstone+Cullen Rajeev Aggarwal, founder and chief executive, said in November while the company is likely to take a hit from a potential recession, it also expected to win market share. Otherwise, we will assume you're OK to continue. Switchboard:+1 (212) 583-5000. The Firm's most common exit type is trade sale (39%). The deal includes assets worth $2.6 billion. Also, in 1996, Blackstone partnered with the Loewen Group, the second largest funeral home and cemetery operator in North America, to acquire funeral home and cemetery businesses. Also, at the time of its announcement, SunGard would be the largest buyout of a technology company in history, a distinction it would cede to the buyout of Freescale Semiconductor. We also want to thank Jamie Froedge for his significant work in establishing this industry-leading business, and we look forward to investing in this team as we build on the strong foundation.. The company was sold to Kohlberg Kravis Roberts in 2012. [17][18], The firm advised CBS Corporation on its 1988 sale of CBS Records to Sony to form what would become Sony Music Entertainment. For office-specific contact information, please visit our our offices page. Blackstone Real Estate has an agreement to acquire six Greater Toronto Area industrial properties comprising 1.5 million square feet of space for over $400 million. The GSO team had previously managed the leveraged finance businesses at Donaldson, Lufkin & Jenrette and later Credit Suisse First Boston, after they acquired DLJ. In July 2015, Blackstone acquired Excel Trust, a real estate investment trust, for around $2 billion. www.blackstone.com. Ross B. Shuster to Join as CEO of Standalone Climate Technologies Blackstone's REIT Limits Withdrawals for the Sixth Month in a Row In March 2018, Blackstone's Strategic Capital Holdings Fund invested in, In March 2018, the company's Strategic Capital Holdings Fund announced an investment in, In August 2018, PSAV was able to merge with, In September 2018, the company acquires control of. [85], Blackstone operates through four primary departments: private equity; real estate; hedge funds; and credit. Biggest data center acquisitions: 10 billion-dollar data center deals The transaction represented one of the first large club deals completed since the collapse of the Dot-com bubble. We serve institutional and individual investors by building strong businesses that deliver lasting value. mega-sized private equity firm investors just like it. [181], United Nations housing rapporteur Leilani Farha and Surya Deva, chair of the UN Working Group on Business and Human Rights, criticized Blackstone's business practices, including frequent rent increases and "aggressive" evictions, for contributing to the global housing crisis. Blackstone Group . Blackstone's largest transaction, the $26 billion buyout of Hilton Hotels Corporation occurred in 2007 under the tenure of Hilton CFO Stephen Bollenbach. QTS Realty Trust to Be Acquired by Blackstone Funds in $10 Billion "Located in one of the most dynamic submarkets in Atlanta, our purchase of Ellington Midtown illustrates our ability to deploy capital in our high-conviction investment themes even during volatile times," Asim Hamid, senior . New York, [43], In July 2002, Blackstone completed fundraising for a $6.45 billion private equity fund, Blackstone Capital Partners IV, the largest private equity fund at that time. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. [citation needed] In 2020 they acquired Ancestry.com. In the last 3 years, The Blackstone Group has acquired 36 companies. NEW YORK February 2, 2023 Blackstone (NYSE:BX) announced today that Stephen Schwarzman, Chairman, CEO and Co-Founder, is scheduled to present at the Bank of America Securities 2023 Financial Services Conference on Thursday, February 16, 2023 at 12:30pm ET. For office-specific contact information, please visitour offices page. Blackstone advised on the 1987 merger of investment banks E. F. Hutton & Co. and Shearson Lehman Brothers, collecting a $3.5 million fee. Medline to sell majority stake to Blackstone, Carlyle and - CNBC Blackstones real estate business was founded in 1991 and has US $320 billion of investor capital under management. Blackstone is the world's largest alternative asset manager, with $991B in AUM. 345 Park Avenue, Hipgnosis and Blackstone acquire 80% of Kenny Chesney's recorded music [170] The move caused investor consternation and limited the ability to attract new capital for BRIET. In 2020, it purchased Triblio to expand its software-as-a-service platform and . In March 2007, RGIS announced that Blackstone Group purchased a controlling interest in the company, the terms of the transaction were not disclosed. The deal between Blackstone and Advent International-backed ASK Group was signed on Tuesday, according to these people. [4]:221223, In 2007, Blackstone acquired Alliant Insurance Services, an insurance brokerage firm. Read More This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. The Blackstone Group is a global alternative investment management firm. Exclusive news, data and analytics for financial market professionals, Reporting by Akash Sriram in Bengaluru; Editing by Shinjini Ganguli, First Republic collapse sparks regional bank shares sell-off, U.S. Treasury: 'Decisive actions' taken in response to bank failures, European e-scooter operator TIER Mobility explores merger - Sky News, JPMorgan wins government auction to buy seized First Republic Bank, Factbox: U.S. debt ceiling: A 'clean' increase is not the rule, Column: Coinbase, crypto industry hope new Supreme Court doctrine is silver bullet, US may run short of cash after June 1 without debt limit hike - Treasury, MGM Resorts beats Wall Street estimates for first-quarter revenue, QUOTE BOX How asset managers see the investment outlook at Milken. For press inquiries, contact [emailprotected]. To view recent press releases, click here. Cvent Holding Corp. (Cvent) (Nasdaq: CVT), an industry-leading meetings, events and hospitality technology provider, announced that it has entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone (Blackstone) in a transaction valued at an enterprise value of approximately $4.6 billion. Tysons, Va. - March 14, 2023 - Cvent Holding Corp. ("Cvent") (Nasdaq: CVT), an industry-leading meetings, events and hospitality technology provider, today announced that it has entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone ("Blackstone") in a transaction valued at an enterprise [14], As of 2019[update], Blackstone was the world's largest private equity firm by capital commitments as ranked by Private Equity International's PEI 300 ranking,[158] however in the 2022 ranking it dropped to second behind KKR. Our goal is to provide a comprehensive talent acquisition . For press inquiries, contact[emailprotected]. Haynes and Republic Technologies International, both had problems and ultimately filed bankruptcy. For office-specific contact information, please visit our our offices page. See here for a complete list of exchanges and delays. The Climate Technologies business is ideally positioned to help address global climate challenges, including contributing to energy efficiency and accelerating the global trend of electrification. ET. Switchboard:+1 (212) 583-5000. [162], Blackstone's most notable real estate investments have included EQ Office, Hilton Worldwide, Trizec Properties, Center Parcs UK, La Quinta Inns & Suites, Motel 6, Wyndham Worldwide, Southern Cross Healthcare and Vicinity Centres. The Blackstone Groups most common sectors for investment arecommunications (9%) and information technology (7%) . Blackstone spent at least $6.2 million to defeat California's Proposition 10, which would have allowed cities to enact rent control. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Rocky Mountain states (CommNet Cellular) were among the most successful of the era, generating $1.5 billion of profits for Blackstone's funds. This transaction created significant value for our shareholders and represents the culmination of our teams passionate and dedicated service to our student residents and university partners., Jacob Werner, Co-Head of Americas Acquisitions for Blackstone Real Estate, said, We are pleased to complete this transaction and welcome the American Campus Communities team to Blackstone. With 1,201 units, Elara is one of the world's . [19] In June 1989, Blackstone acquired freight railroad operator, CNW Corporation. For press inquiries, contact[emailprotected]. Blackstone Inc.'s $70 billion real estate trust for wealthy individuals limited redemptions for a sixth . In March 2018, Blackstone Real Estate Income Trust, Inc. acquired a 22 million square foot portfolio of industrial properties from Cabot Properties for $1.8 billion. [16] The growth firm also recruited politician and investment banker David Stockman from Salomon Brothers in 1988. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. . Blackstone to acquire majority stake in R Systems for Rs 2,904 crore Blackstone is buying the promoters' stake for Rs 245 per share, a premium of 3.9 per cent on the current price of Rs 235.8 per share. [38] In 1999, Blackstone partnered, together with Apollo Management to provide capital for Allied Waste's acquisition of Browning-Ferris Industries. Agencies Mumbai: US-based private equity major Blackstone has bought a controlling stake in ASK Group for $1 billion, two people with direct knowledge of the matter said. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. 10154-0191 ET For information on our privacy practices see our Privacy Policy. Blackstone Securities Partners L.P. ("BSP") is a broker-dealer whose purpose is to distribute Blackstone managed or affiliated products. Our scale - with more than 12,000 real estate assets and 250 portfolio companies - enables us to invest in dynamic sectors positioned for long-term growth. In May 2014, Blackstone Group acquired the, In August 2014, Blackstone Energy Partners acquired, In January 2015, Blackstone Real Estate Partners VI announced it would sell a. Blackstone Portfolio Exits - CB Insights A live webcast of the presentation will be available on the Shareholders section of Blackstones []. On February 14, 2022 Crown Resorts accepted Blackstone's takeover offer. (212) 583-5000 Blackstone Funds Complete Acquisition of QTS Realty Trust Blackstone is a member of the Real Estate Roundtable, a special interest group which spends millions on lobbying and political donations every year. 1. At the time of its announcement, the EQ Office buyout became the largest in history, surpassing the buyout of, A consortium led by Blackstone and including the, Blackstone, together with Bain Capital, acquired Michaels, the largest arts and crafts retailer in North America in a $6.0 billion leveraged buyout in October 2006. "[180] The report alleged that Blackstone had abused tenants with exorbitant fees, rent hikes, and aggressive eviction practices, and that Blackstone's real estate practices had a disproportionate impact on communities of color, in part because the company targeted foreclosures resulting from subprime loans. In 2012, Blackstone acquired a controlling interest in Utah-based Vivint, Inc., a home automation, security, and energy company. Nikko's investment allowed for a major expansion of the firm and its investment activities. Including its owned and third-party managed properties, ACCs total managed portfolio consisted of 204 properties with approximately 143,100 beds. NEW YORK and OVERLAND PARK, Kan. - August 31, 2021 - Blackstone (NYSE: BX) and QTS Realty Trust (NYSE: QTS) today announced that affiliates of Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc., and Blackstone Property Partners have completed their previously announced acquisition of QTS Realty Trust for approximately The partnership's first acquisition was a $295 million buyout of Prime Succession from GTCR. Blackstone is also active in credit, infrastructure, hedge funds, insurance, secondaries, and growth equity. BSP provides services to its Blackstone affiliates, not to investors in its funds, strategies or other products. In October 2021, Blackstone acquired the Nucleus Network, Australia's premier clinical researcher, who are providing staple 'healthy' volunteers large financial rewards for drug trials. Portions of this site are directed only to persons in certain jurisdictions. The Firms most common exit type is trade sale (39%). The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Our perpetual capital will enable ACC to invest in its existing assets and create much-needed new housing in university markets.. Legence . Blackstone Group's Blackstone Real Estate Income Trust (BREIT) has reached an agreement for the acquisition of Home Partners of America (HPA). BOSTON, MA & NEW YORK, NY - November 17, 2021 - Blackstone (NYSE:BX) announced today that private equity funds managed by Blackstone ("Blackstone") have completed their previously announced acquisition of International Data Group, Inc. ("IDG") from Oriental Rainbow, LLC, a subsidiary of China Oceanwide Holdings Group, Co. Ltd. for an enterprise [169], On December 1, 2022, Blackstone Inc. restricted withdrawals from its $125 billion real estate investment fund BRIET due to a surge in redemption requests from investors. We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them. [83][84], In August 2010, Blackstone announced it would buy Dynegy, an energy firm, for nearly $5 billion; however, the acquisition was terminated in November 2010. In total, The Blackstone Group has invested in 27 US states and 27 different countries. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Both companies are in the mobile advertising space. Blackstone Funds Complete $13 Billion Acquisition of American Campus 6/3/2021. At Lehman, Schwarzman served as head of Lehman Brothers' global mergers and acquisitions business. This is their second majority acquisition of an Indian tech firm after it acquired a controlling stake in Mphasis for nearly $3 billion in April last year. In March 2020, Blackstone announced that it is buying a majority stake in HealthEdge, a health-care software company. In April 2022, Blackstone agreed to acquire the Austin-based, In April 2022, Blackstone announced that it would acquire, Reginald ("Reg") J. The Firm - Blackstone In January 2008, Blackstone made a small co-investment alongside TPG Capital and Apollo Management in their buyout of Harrah's Entertainment, although that transaction had been announced during the buyout boom period. Blackstone, Kohlberg Kravis Roberts, TPG Capital and Goldman Sachs Capital Partners acquired Biomet, a medical device manufacturer for $10.9 billion. Blackstone is one of the world's leading investment firms. [76], On June 21, 2007, Blackstone became a public company via an initial public offering, selling a 12.3% stake in the company for $4.13 billion, in the largest U.S. IPO since 2002.[77][78]. Blackstone Completes Acquisition of International Data Group, a Leading Acquisition expected to be accretive in 2017 to Total Adjusted EBITDA and EPS . It denied blame, although Blackstone was widely accused in the media for selling on the company with an unsustainable business model and crippled with an impossible sale and leaseback strategy. The industry is ready to fight back", "Norvergence reveals the real culprit of Amazon deforestation and wildfires", "Mandates of the Working Group on the issue of human rights and transnational corporations and other business enterprises and the Special Rapporteur on adequate housing as a component of the right to an adequate standard of living, and on the right to non-discrimination in this context", "Real Estate Roundtable Lobbying Profile", "UN accuses Blackstone Group of contributing to global housing crisis", Private investment in public equity (PIPE), Taxation of private equity and hedge funds, Private equity and venture capital investors, https://en.wikipedia.org/w/index.php?title=Blackstone_Inc.&oldid=1152370276, Companies listed on the New York Stock Exchange, Financial services companies based in New York City, Financial services companies established in 1985, Investment companies based in New York City, Private equity firms of the United States, Venture capital firms of the United States, Publicly traded companies based in New York City, Pages with non-numeric formatnum arguments, Pages containing links to subscription-only content, Articles with incomplete citations from September 2020, Short description is different from Wikidata, Articles containing potentially dated statements from 2019, All articles containing potentially dated statements, Articles with unsourced statements from February 2021, Official website different in Wikidata and Wikipedia, Articles with MusicBrainz label identifiers, Creative Commons Attribution-ShareAlike License 3.0, In December 2005, Blackstone together with a group of firms, including, Blackstone completed the $37.7 billion acquisition of one of the largest owners of commercial office properties in the US. Blackstone Group 's most notable exits include BC Partners , NCR , and Paysafe. Austin, Texas and New York - August 9, 2022 - Blackstone (NYSE: BX) today announced that Blackstone Core+ perpetual capital vehicles, primarily comprising Blackstone Real Estate Income Trust, Inc. ("BREIT") and Blackstone Property Partners ("BPP"), have completed the previously announced acquisition of all of the outstanding shares of common [51][52], In 2006, Blackstone launched its long/short equity hedge fund business, Kailix Advisors. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.