On July 15, 2019, Blackstone announced its plans to acquire Vungle Inc., a leading mobile performance marketing platform. 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. The district court then granted Blackstone's motion to dismiss for failure to state a claim. Blackstone paid $133 million for the property a discount to replacement cost, sources said and secured $65.8 million in Freddie Mac financing for the purchase. For office-specific contact information, please visitour offices page. See 28 U.S.C. [39], In 1999, Blackstone launched its mezzanine capital business. Blackstone to Acquire Home Partners of America for $6B Blackstone Group has acquired 148 organizations. At Lehman, Schwarzman served as head of Lehman Brothers' global mergers and acquisitions business. 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. 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. Thomson Reuters and Blackstone's consortium subsequently agreed to sell Refinitiv to LSEG in August 2019. [citation needed] In 2020 they acquired Ancestry.com. 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. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. Switchboard: +1 (212) 583-5000. In total, The Blackstone Group has invested in 27 US states and 27 different countries. The Blackstone Groups largest (disclosed) exit occurred in 2019 when it sold Refinitiv for $27.0B. Blackstone to Acquire International Data Group, a Leading Market Intelligence and Data Platform for the Technology Industry. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties. Blackstone Expands Further Into Rental Housing in the U.S - New HE'S THE KING OF FRANCHISING, FOR ONE THING. 10154-0191 The company restructured its debt in 2010. [56] La Quinta Inns & Suites was spun out for IPO in 2014 and was later acquired by Wyndham Hotels & Resorts[57]. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Home - Blackstone Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. PIRET will be acquired by Blackstone Property Partners in a $3.8 billion transaction. ", "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. ContactsMatthew Anderson(518) 248-7310[emailprotected], Mariel Seidman-Gati(646) 482-3712[emailprotected]. IDG, Inc. and its subsidiaries have made multiple recent acquisitions to further increase its capabilities for its customers. 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. There are numerous opportunities to further invest in this business for the benefit of the team, our customers, and, very importantly, for the world around us. Ross B. Shuster to Join as CEO of Standalone Climate Technologies Business Following the Close of the Acquisition by Blackstone from Emerson Published: April 24, 2023 at 9:00 a.m. 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. 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. Between 1995 and 2014, PNC reported $12 billion in pretax revenues and capital gains from BlackRock, Schwarzman later described the selling of BlackRock as his worst business decision ever. Blackstone Inc. is an American alternative investment management company based in New York City. For press inquiries, contact[emailprotected]. Carolyn Bridges v. Blackstone, Inc., No. 22-2486 (7th Cir. 2023) Including its owned and third-party managed properties, ACCs total managed portfolio consisted of 204 properties with approximately 143,100 beds. [29] Silverman would ultimately leave Blackstone to serve as CEO of HFS, which would later become Cendant Corporation. An investment in BREIT involves risks. Blackstone expands further into rental housing in the United States. [4]:176,197,206207[48] Blackstone also purchased a majority interest in Columbia House, a music-buying club, in mid-2002. [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 is a global leader in real estate investing. Hilton Grand Vacations and Blackstone Form Joint Venture to | Hilton Otherwise, we will assume you're OK to continue. 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. The deal includes assets worth $2.6 billion. 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. BREIT allowed $1.3 billion to be withdrawn, or about 29% of the amount requested. 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 The Blackstone Group Mergers and Acquisitions Summary | Mergr Companies Contacts Investors Funding Rounds Acquisitions People Events . [11][12], From the outset in 1985, Schwarzman and Peterson planned to enter the private equity business but had difficulty in raising their first fund because neither had ever led a leveraged buyout. [168], In 2018, a critique was raised regarding a purchase agreement on several hundred apartments in Frederiksberg, Denmark, between Blackstone's Danish partner North 360 and Frederiksberg Boligfond, a non-profit housing organization established by Frederiksberg Municipality in 1930.