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 company restructured its debt in 2010. The transaction values the Chicago-based firm at $6 . To view recent press releases, click here. [167] The buildings sold in San Francisco and Silicon Valley included 26 office buildings and two development parcels. 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. 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 Other notable investments that Blackstone completed in 2008 and 2009 included AlliedBarton, Performance Food Group,[79][80] Apria Healthcare and CMS Computers. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. [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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. [4]:176,197,206207[48] Blackstone also purchased a majority interest in Columbia House, a music-buying club, in mid-2002. For press inquiries, contact[emailprotected]. 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. Ross B. Shuster to Join as CEO of Standalone Climate Technologies ", "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. In total, The Blackstone Group has invested in 27 US states and 27 different countries. For press inquiries, contact [emailprotected]. We serve institutional and individual investors by building strong businesses that deliver lasting value. [13], Blackstone also ventured into other businesses, most notably investment management. In May 2011, Southern Cross, now independent, was almost bankrupt, jeopardizing 31,000 elderly residents in 750 care homes. Carolyn Bridges v. Blackstone, Inc., No. 22-2486 (7th Cir. 2023) I am excited by the opportunity to work alongside the talented team that makes up this business in order to build upon a decades-long track record of success and innovation. Blackstone's most notable investments include Allied Waste,[39] AlliedBarton Security Services, Graham Packaging, Celanese, Nalco, HealthMarkets, Houghton Mifflin, American Axle, TRW Automotive, Catalent Pharma Solutions, Prime Hospitality, Legoland, Madame Tussauds,[161] Luxury Resorts (LXR), Pinnacle Foods, Hilton Hotels Corporation, Motel 6, Apria Healthcare, Travelport, The Weather Channel (United States) and The PortAventura Resort. Switchboard:+1 (212) 583-5000. 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. 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. (212) 583-5000 Following the acquisition, Blackstone merged GSO's operations with its existing debt investment operations. [50], Two years later, in 2005, Blackstone was one of seven private equity firms involved in the buyout of SunGard in a transaction valued at $11.3 billion. The Firms most common exit type is trade sale (39%). No stranger to data centers, Blackstone and its affiliates of Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc., and Blackstone Property Partners bought the REIT for $10 billion and took the company . In the last 3 years, The Blackstone Group has acquired 36 companies. Biggest data center acquisitions: 10 billion-dollar data center deals ORLANDO, Fla. (July 19, 2017) - Hilton Grand Vacations Inc. (NYSE:HGV) ("HGV" or "the Company") announces the formation of a joint venture with affiliates of Blackstone Real Estate Partners VIII L.P., which purchased Elara, a Hilton Grand Vacations Club. The promoters will get around Rs 1,496.95 crore Shivani Shinde Business Standard Mumbai Premium Blackstone Inc. ", Teachers Insurance and Annuity Association, List of outdoor industry parent companies, https://companiesmarketcap.com/kohlberg-kravis-roberts/revenue/, "Blackstone Group Inc 2021 Annual Report (Form 10-K)", "Blackstone Reports Third Quarter 2022 Results", Private equity power list: #1 The Blackstone Group, "English Translation of "schwarz" | Collins German-English Dictionary", "petro-, petr-, petri-, peter- - Word Information", "Strong's Greek: 4074. 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 Over 24 years, we've successfully placed superior resources from CEOs and C-suite officers, Directors, and Managers to Database Architects, Business Analysts, and SAP, Oracle, and Netsuite Implementation Program Managers in our clients' facilities. Blackstone's investment in Allied was one of its largest at that point in the firm's history. Switchboard:+1 (212) 583-5000. www.blackstone.com. [45], With a significant amount of capital in its new fund, Blackstone was one of a handful of private equity investors capable of completing large transactions in the adverse conditions of the early 2000s recession. 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. Follow @blackstone on LinkedIn, Twitter, and Instagram. Real Estate - Blackstone Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. We do this by using extraordinary people and flexible capital to help companies solve problems. BREIT Portfolio | Blackstone Real Estate Income Trust Blackstone was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers. Hipgnosis and Blackstone acquire 80% of Kenny Chesney's recorded music Individual Investors & Financial Advisors. [81], In December 2009, Blackstone acquired Busch Entertainment Corporation from Anheuser-Busch InBev for $2.9 billion. By selecting the relevant option, you certify that it accurately reflects your residency. 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. [4]:144147 He left Blackstone in 1999 to start his own private equity firm, Heartland Industrial Partners, based in Greenwich, Connecticut. [85], Blackstone operates through four primary departments: private equity; real estate; hedge funds; and credit. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. 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. Cvent on Tuesday posted a loss of $100.3 million in 2022, wider than $86.1 million it reported a year earlier. [6][7][8] The two founders had previously worked together at Lehman Brothers. [174][175], The company has invested in companies with links to the commercialization and deforestation of the Amazon rainforest.[176][177][178][179]. March 14 (Reuters) - Buyout firm Blackstone Inc (BX.N) agreed to purchase U.S. cloud-based event-software provider Cvent Holding Corp (CVT.O) in a deal valued at $4.6 billion, at a time when private equity firms are looking to scoop up tech companies for a bargain price. Otherwise, we will assume you're OK to continue. Blackstone to Acquire International Data Group, a Leading - Foundry To view recent press releases,click here. [74] However, Blackstone failed to raise capital through an initial public offering that summer and the project were shelved. The Firms most common investment types include buyout (lbo, mbo, mbi) (24%) and secondary buyout (23%). These statements are based on the Companys (as defined below) and BREITs, as applicable, current expectations and assumptions regarding markets in which American Campus Communities, Inc. (the Company) and BREIT respectively operates, their respective operational strategies, anticipated events and trends, the economy, and other future conditions. 1. [34], In 1997, Blackstone completed fundraising for its third private equity fund, with approximately $4 billion of investor commitments[35] and a $1.1 billion real estate investment fund. As CEO of Howden, Mr. Shuster led the company through its carve-out from Colfax and sale to Chart Industries, driving significant growth, repositioning the business, and entering new markets. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Blackstone disputed these claims.[182]. Blackstone Has Made Its Second Big Tech Acquisition In India Switchboard: +1 (212) 583-5000. [173][53], In separate cases in 2018 and 2019, the hotel chain Motel 6, owned by Blackstone, agreed to settle for a total of $19.6 million for giving guest lists to U.S. Immigration and Customs Enforcement (ICE) without a warrant. In January 2016, Blackstone Real Estate Partners VIII L.P. acquired BioMed Realty Trust for $8 billion. HE'S THE KING OF FRANCHISING, FOR ONE THING. The Firm's most common exit type is trade sale (39%). Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Thomson Reuters and Blackstone's consortium subsequently agreed to sell Refinitiv to LSEG in August 2019. 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. M&A research that takes seconds (not all afternoon), Better understand your customers and prospects. In 2019, a United Nations report found that Blackstone's massive purchasing of single-family homes after the financial crisis of 20072008 had "devastating consequences.
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