This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. 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. Blackstone Group's Blackstone Real Estate Income Trust (BREIT) has reached an agreement for the acquisition of Home Partners of America (HPA). Switchboard:+1 (212) 583-5000. 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. 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 Blackstone Real Estate. Senior Vice President Capital Markets & Investor Relations. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in . Dentons US LLP served as ACCs legal counsel. For information on our privacy practices see our Privacy Policy. 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. 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specialist mortgage lender, to Barclays Bank UK PLC (Barclays). 345 Park Avenue, BREIT allowed $1.3 billion to be withdrawn, or about 29% of the amount requested. The deal between Blackstone and Advent International-backed ASK Group was signed on Tuesday, according to these people. [30], Blackstone made a number of notable investments in the early and mid-1990s, including Great Lakes Dredge and Dock Company (1991), Six Flags (1991), US Radio (1994), Centerplate (1995), MEGA Brands (1996). [46], In 2002, Hamilton E. James joined global alternative asset manager Blackstone, where he currently serves as president and chief operating officer. "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 . In March 2019, Blackstone purchased, with, In April 2019, Blackstone acquired a majority stake in the, In June 2019, Blackstone announced it had teamed with the Canada Pension Plan Investment Board and KIRKBI to buy Merlin Entertainment, the owners of. [159] The firm invests through minority investments, corporate partnerships, and industry consolidations, and occasionally, start-up investments. 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.. To view recent press releases,click here. ET. Now with the focus of a standalone company, and with the support of Blackstone, we are poised to build this already strong business into an unmatched global leader in the areas of energy efficiency and sustainability., We are thrilled to welcome Ross and are confident he is the right person to lead this world-class business as we prepare to further advance its position as the partner of choice in the climate technologies space, said Seth Meisel, Senior Managing Director at Blackstone. New York, [4]:221223, In 2007, Blackstone acquired Alliant Insurance Services, an insurance brokerage firm. [172] GSO was founded in 2005 by Bennett Goodman, Tripp Smith, and Doug Ostrover. [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's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. We serve institutional and individual investors by building strong businesses that deliver lasting value. Global private equity firm Blackstone on Monday announced that it is has entered into a definitive agreement to acquire over 60 per cent stake in edtech and digital skilling platform Simplilearn . Download Prospectus. PIRET will be acquired by Blackstone Property Partners in a $3.8 billion transaction. [14], In March 2008, Blackstone acquired GSO Capital Partners, a credit-oriented alternative asset manager, for $620 million in cash and stock and up to $310 million through an earnout over the next five years based on earnings targets. [21], In 1990, Blackstone launched its hedge funds business, initially intended to manage investments for Blackstone senior management. On February 14, 2022 Crown Resorts accepted Blackstone's takeover offer. The real estate group will consider both equity and debt investments. 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. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Blackstone Group 's most notable exits include BC Partners , NCR , and Paysafe. Blackstone's investment in Allied was one of its largest at that point in the firm's history. [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. For office-specific contact information, please visitour offices page. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. To view recent press releases,click here. During the buyout boom of 2006 and 2007, Blackstone completed some of the largest leveraged buyouts. TRW's parent was acquired by Northrop Grumman, while Blackstone purchased its automotive parts business, a major supplier of automotive systems. The transaction values the Chicago-based firm at $6 . Language links are at the top of the page across from the title. 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. [85], Blackstone operates through four primary departments: private equity; real estate; hedge funds; and credit. In July 2020, Blackstone invested US$200m in the Swedish oat milk brand, In August 2020, Blackstone announced that it will buy a majority stake in.
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