The Blackstone Groups most common sectors for investment arecommunications (9%) and information technology (7%) . Further information is available at www.blackstone.com. Blackstone (NYSE:BX) announced that it will host its first quarter 2023 investor conference call via public webcast on April 20, 2023 at 9:00 a.m. BSP does not make any recommendation regarding, and will not monitor, any investment. 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. Ross brings the necessary skills and experience scaling global, sustainability-focused businesses to capitalize on this environment. Blackstone is a member of the Real Estate Roundtable, a special interest group which spends millions on lobbying and political donations every year. Blackstone, Kohlberg Kravis Roberts, TPG Capital and Goldman Sachs Capital Partners acquired Biomet, a medical device manufacturer for $10.9 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 [10], Blackstone was originally formed as a mergers and acquisitions advisory boutique. Save Search . We do this by using extraordinary people and flexible capital to help companies solve problems. This business evolved into Blackstone's marketable alternative asset management segment, which was opened to institutional investors. Briefly the largest ever data center acquisition, Black stone's acquisition of QTS was the first of three major deals in 2021 for publicly-listed data center firms. OVERLAND PARK, Kan. and NEW YORK - June 7, 2021 - QTS Realty Trust (NYSE: QTS) ("QTS" or "the Company") and Blackstone (NYSE: BX), today announced that they have entered into a definitive agreement under which Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc. and other long-term perpetual capital vehicles managed by [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. The Blackstone Group Inc. BX, via its private equity label, has inked a $1.4 billion deal to acquire Sphera, a pioneer in providing environmental, social and governance ("ESG") software, data and. United States Blackstone disputed these claims.[182]. Cvent was valued at $5.3 billion in 2021 when Vista, which had acquired it for $1.65 billion a few years ago, took it public in a merger with a blank-check acquisition company. In September 2019, Blackstone announced it agreed to purchase 65% controlling interest in, On November 8, 2019, Blackstone Group acquired a majority stake in MagicLab, the owner of dating app. 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. (212) 583-5000 Join Mergr to view The Blackstone Groups full profile and discover more "Blackstone To Rationalize Single Manager Hedge Funds Businesses In Efficiency Move", The Blackstone Group to Acquire Prime Hospitality Corp, "Steve Bollenbach, hospitality executive, 1942-2016", Private-Equity Firm Sees Room for Value in Hotels, "Here's Why Wyndham Worldwide Just Bought La Quinta", Blackstone's Bid for Equity Office Prevails, Blackstone Alliance to Buy Chip Maker for $17.6 Billion, VNU Shareholders Reject $8.9 Bln Offer From KKR Group, VNU Agrees To Public Offer From Private Equity Group, "Blackstone Plans to Acquire Cendant Travel Services Unit", "Private-equity companies snap up United Biscuits in a 1.6bn deal", "Blackstone and PAI complete purchase of UB", "The Blackstone Group Has Completed Its Acquisition of a Controlling Interest in RGIS", "Biomet, Inc. to Be Acquired by Private Equity Consortium for $10.9 Billion or $44 Per Share in Cash", Blackstone to Buy Hilton Hotels for $26 Billion, Private Firms Use Closed-End Funds to Tap the Market, "KKR buys Alliant in 'pass the parcel' deal", Blackstone Founders Prepare to Count Their Billions, News Analysis Behind the Veil at Blackstone? In addition to historical information, this press release contains forward-looking statements under the applicable federal securities law. [39], In 1999, Blackstone launched its mezzanine capital business. To receive email alerts from Blackstone, sign up below. HE'S THE KING OF FRANCHISING, FOR ONE THING. [16] The growth firm also recruited politician and investment banker David Stockman from Salomon Brothers in 1988. To receive email alerts from Blackstone, sign up below. Student housing is a compelling sector with strong historical performance and future growth potential driven by increasing enrollment at the top universities in the U.S. as well as a shortage of quality housing supply. In February 2016, Blackstone sold four office buildings to, In April 2016, Blackstone acquired 84 percent of, On June 19, 2017, Blackstone acquired a majority interest in, In July 2017, the company announced an investment in, In January 2018, the company acquired Pure Industrial, a Canadian, In January 2018, the company announced acquisition agreement for 55% of. American Campus Communities . 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 The transaction was announced on April 19, 2022. Language links are at the top of the page across from the title. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. The promoters will get around Rs 1,496.95 crore Shivani Shinde Business Standard Mumbai Premium Blackstone Inc. Blackstone Inc.'s $70 billion real estate trust for wealthy individuals limited redemptions for a sixth . As of June 30, 2022, American Campus Communities owned 166 student housing properties containing approximately 111,900 beds. An investment in BREIT involves risks. The program encourages increased collaboration among local business leaders with the goal of retaining high-growth companies in the state. [170] The move caused investor consternation and limited the ability to attract new capital for BRIET. In August 2020, Blackstone acquired Takeda Consumer Healthcare for $2.3 billion. In October 1991, Blackstone and Silverman added Days Inns of America for $250 million. We are proud and excited to have our best-in-class company join Blackstone, whose expertise, resources and consistent access to capital will allow us to grow and continue to lead the student housing industry, said Bill Bayless, American Campus Communities Co-founder and Chief Executive Officer. Blackstone (NYSE: BX) announced the final close of its latest global real estate fund, Blackstone Real Estate Partners X (BREP X). Blackstone acquired BioMed Realty Trust, a publicly traded life science office REIT, in 2016, based on our belief in the long-term fundamentals of the life sciences sector, particularly in locations with top-tier educational and research institutions. 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. As of today's closing, Thomson Reuters indirectly owns 82.5 million LSEG shares, which have a market value of approximately $9.8 billion based on LSEG's closing share price on January 28, 2021. Blackstone spent at least $6.2 million to defeat California's Proposition 10, which would have allowed cities to enact rent control. Hello Sunshine is a mission-driven content and media business founded by Reese Witherspoon. For office-specific contact information, please visit our our offices page. 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. The companys products play a key role in improving the energy efficiency of heating and cooling solutions as well as in the rapidly growing market for electric heat pumps and climate-friendly refrigerants, which are being increasingly adopted globally to reduce environmental impact and carbon emissions. In April 2022, Blackstone agreed to acquire the Austin-based, In April 2022, Blackstone announced that it would acquire, Reginald ("Reg") J. Blackstone said it has received a $1 billion credit facility as part of the financing for the deal. Tysons, Virginia-based Cvent's shares, which fell about 34% last year, rose about 12% to $8.29 on Tuesday. Otherwise, we will assume you're OK to continue. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. He also serves on the firm's executive and management committees, and its board of directors. Hello Sunshine joined Blackstone through Candle Media, a Blackstone-backed next-generation media company led by Kevin Mayer and Tom . (Petros) -- "a stone" or "a boulder," Peter, one of the twelve apostles", "Blackstone's Chief Has a Warning for Wall Street's Entrepreneurs", A Big Fund Ready to Capitalize on Hard Times, CNW Accepts Buyout Bid From Blackstone Group, 2 Wall Street Firms Join To Buy Savings Units, "Stephen Schwarzman And Blackstone: Wall Street's Unstoppable Force", "U.S. Mergers Firm Is Forming British Link", Prime to Sell Interest in Inns to Blackstone, U.S. Mergers Firm Is Forming British Link, "WHO THE HELL IS HENRY SILVERMAN? [21], In 1990, Blackstone launched its hedge funds business, initially intended to manage investments for Blackstone senior management. [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 (NYSE: BX) and Sixth Street today announced that funds affiliated with Blackstone Tactical Opportunities (Blackstone) and Sixth Street, have completed the previously announced sale of Kensington Mortgages (Kensington), the fast-growing specialist mortgage lender, to Barclays Bank UK PLC (Barclays). Blackstones Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT), a U.S. non-listed REIT, and Blackstones European yield-oriented strategy. [56] La Quinta Inns & Suites was spun out for IPO in 2014 and was later acquired by Wyndham Hotels & Resorts[57]. Switchboard: +1 (212) 583-5000. Cvent was valued at $5.3 billion in 2021 when Vista, which had acquired it for $1.65 billion a few years ago, took it public in a merger with a blank-check acquisition company. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings.