Acquisition expected to be accretive in 2017 to Total Adjusted EBITDA and EPS . Ross B. Shuster to Join as CEO of Standalone Climate Technologies Nikko's investment allowed for a major expansion of the firm and its investment activities. 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. Blackstone Funds Complete $13 Billion Acquisition of American Campus Their most recent acquisition was Cvent on Mar 14, 2023. Reuters reported last month that Cvent had rejected a previous offer of $3.9 billion from Blackstone and said it was exploring a sale that could value it at about $4 billion, citing a person familiar with the matter. By submitting this request, you consent to receive email from Blackstone. Home - Blackstone Blackstone, Pure to acquire 1.5M-sq.-ft. Toronto industrial portfolio A rout in tech stocks last year shrank company valuations, making them enticing targets for private equity suitors. 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. Follow @blackstone on LinkedIn, Twitter, and Instagram. In addition to historical information, this press release contains forward-looking statements under the applicable federal securities law. "Schwarz" is German for "black"; "Peter", "Petros" or "Petra" ( and , the masculine and feminine rendering of the word, respectively), in Greek means "stone" or "rock". Blackstone announced that it will open a new office in Frankfurt, Germany. 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. Language links are at the top of the page across from the title. [75] It also planned to raise a fund on the Amsterdam stock exchange in 2006, but its rival, Kohlberg Kravis Roberts & Co., launched a $5 billion fund there that soaked up all demand for such funds, and Blackstone abandoned its project. [163], The purchase and subsequent IPO of Southern Cross led to controversy in the UK. Hello Sunshine is a mission-driven content and media business founded by Reese Witherspoon. TOKYO, April 28, 2023 Blackstone (NYSE: BX) today announced the sale of a portfolio of six logistics assets located across Japan to GIC for more than US$800 million. The combined entity created one of the largest credit platforms in the alternative asset management business, with over $21 billion under management. The appointment follows an extensive global search process, including external and internal candidates. For office-specific contact information, please visitour offices page. Following the acquisition, Blackstone merged GSO's operations with its existing debt investment operations. Blackstone Group 's most notable exits include BC Partners , NCR , and Paysafe. This represented the largest leveraged buyout completed since the takeover of RJR Nabisco at the end of the 1980s leveraged buyout boom. The SunGard transaction is also notable in the number of firms involved in the transaction, the largest club deal completed to that point. Blackstone Inc. agreed to buy student-housing owner American Campus Communities Inc. in a deal valuing the company at about $12.8 billion, including debt, a bet that rents will continue to rise as . Blackstone provides $1.2-billion in financing to Westland Insurance In 1987 Blackstone entered into a 5050 partnership with the founders of BlackRock, Larry Fink (current CEO of BlackRock), and Ralph Schlosstein (CEO of Evercore). Blackstone will host its first quarter 2023 investor conference call via public webcast on April 20, 2023 at 9:00 a.m. By selecting the relevant option, you certify that it accurately reflects your residency. ET Our Standards: The Thomson Reuters Trust Principles. The properties will complement its already significant holdings under Blackstone's subsidiary Pure Industrial, which it acquired and privatized in 2018 in a $3.8 billion transaction. Join Mergr to view The Blackstone Groups full profile and discover more According to Blackstone, as of September 30, 2008, Kailix Advisors had $1.9 billion of assets under management. In the last 3 years, The Blackstone Group has acquired 36 companies. In January 2021, Blackstone acquired a majority shareholding in, In March 2021, Blackstone made a $6.2 billion takeover bid for Australian casino operator. [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. mega-sized private equity firm investors just like it. By selecting the relevant option, you certify that it accurately reflects your residency. HE'S ALSO THE CEO WHOSE STOCK HAS BLOWN AWAY INTEL AND MICROSOFT SO FAR IN THE 1990S. Blackstone completes acquisition of Crown Resorts in the firm's largest 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 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.

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