Blackstone acquired Prime Hospitality[54] and Extended Stay America in 2004. .littlerow { background-color: #FFFFFF; padding-top: 2px; padding-bottom: 2px; padding-left:0; padding-right:3px; border-top: 1px solid #EEEEEE; font-family: Arial; font-size: 10px; } 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. Under no circumstances does any information posted on represent a recommendation to purchase or sell a stock. [172][173], The company has invested in companies with links to the commercialization and deforestation of the Amazon rainforest.[174][175][176][177]. I compiled this list of corporate events from the company's portfolio page and news release page. Blackstone brought in five professionals, led by Howard Gellis from Nomura Holding America's Leveraged Capital Group to manage the business. The firm seeks to invest through means of buyouts, debt, mergers, acquisitions, mezzanine, and growth capital. [4]:225 The involvement of seven firms in the consortium was criticized by investors in private equity who considered cross-holdings among firms to be generally unattractive. Formerly it was an Equity office. trs[i].className = 'showrow'; 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. Together, we're making life better for more than 250,000 residents. if (i > from && i <= to) { Last Updated: July 20, 2022. Summary: Blackstone Inc (Blackstone) is a global investment firm that provides a range of asset management and capital markets services Detail: 22 Blackstone Inc - Company Profile and News - Bloomberg Markets Author: Published: 01/05/2022 Review: 1.89 (132 vote) The industry is ready to fight back", "Norvergence reveals the real culprit of Amazon deforestation and wildfires", "Mandates of the Working Group on the issue of human rights and transnational corporations and other business enterprises and the Special Rapporteur on adequate housing as a component of the right to an adequate standard of living, and on the right to non-discrimination in this context", "Real Estate Roundtable Lobbying Profile", "UN accuses Blackstone Group of contributing to global housing crisis",, In December 2005, Blackstone together with a group of firms, including, Blackstone completed the $37.7 billion acquisition of one of the largest owners of commercial office properties in the US. Blackstone acquired the premium hotel operator for approximately $26 billion, representing a 25% premium to Hilton's all-time high stock price. In March 2020, Blackstone announced that it is buying a majority stake in HealthEdge, a health-care software company. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. Who is the top investment company?BlackRock. Our portfolio companies reflect our deep sector focus and specialization. In November 2015, the company agreed to sell facility management firm GCA Services Group to. Blackstone Credit provided $1.9 billion (2) of a $2.85 billion first lien facility (consisting of a $2.65 billion first lien term loan and $200 million revolver) to support the acquisition of The Dovel Group by Guidehouse , a Veritas portfolio company, and pay a shareholder dividend In the last 3 years, The Blackstone Group has exited 26 companies. We uncover and unlock value by identifying great companies with untapped potential and enhancing their performance. [166], 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. Blackstone Group will file the next quarterly 13-HR in about 3 months. [169], In 1990, Blackstone created a fund of hedge funds business to manage internal assets for Blackstone and its senior managers. Their most recent diversity investment was on Nov 9, 2021, when Renaissance Learning raised Blackstone Group has had 62 exits. The Blackstone Group's most common sectors for investment arecommunications (9%) and information technology (7%).The Firm's most common investment types include buyout (lbo, mbo, mbi) (24%) and secondary buyout (23%).In total, The Blackstone Group has invested in 27 US states and 27 . In December 2020, Blackstone invested nearly $400 million in Liftoff, a mobile advertising company. [4]:148155, Blackstone Real Estate Advisers, its real estate affiliate, bought the Watergate complex in Washington D.C. in July 1998 for $39 million[41] and sold it to Monument Reality in August 2004. Accuride. [20] That same year, Blackstone partnered with Salomon Brothers to raise $600 million to acquire distressed thrifts in the midst of the savings and loan crisis. BlackRock is an investment company that offers its services to institutions, intermediaries, foundations, and individual investors. "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". TRW's parent was acquired by Northrop Grumman, while Blackstone purchased its automotive parts business, a major supplier of automotive systems. The firm focuses on friendly investments in large capitalization companies. The Vanguard Group. We work to identify, invest in and enhance the value of great businesses. Prior to joining PIMCO, he was Vice Chairman of Investor Relations and Business Development and a Senior Managing Director at Number of Non-profit Companies 1. Blackstone Real Estate Advisors L.P. [46], In 2002, Hamilton E. James joined global alternative asset manager Blackstone, where he currently serves as president and chief operating officer. Blackstone has made 132 acquisitions and 209 investments. Would you like to be notified? 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. EQ Office was founded in 1976. British Venture Capital Association (BRVCA), Principles for Responsible Investment (PRI), Evoqua Water Technologies (Carbon Reactivation and Slurry Services Business), Co-Founder, Chief Executive Officer & Chairman, President, Chief Operating Officer, Board Member, Member of the Management Committee & Member of the Investment Committee, Chief Financial Officer & Member of Management & Investment Committee, Global Head of Infrastructure & Senior Managing Director, Youre viewing 5 of 1,903 investments and acquisitions. Founded in 1985, The Blackstone Group is a private equity firm based in New York, New York. ", Last edited on 28 February 2023, at 21:29, Teachers Insurance and Annuity Association, Blackstone to Acquire Nucleus Network, Australia's Largest Phase One Clinical Trials Specialist, List of outdoor industry parent companies,, "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. After two years of providing strictly advisory services, Blackstone decided to pursue a merchant banking model after its founders determined that many situations required an investment partner rather than just an advisor. Founded in 1985, The Blackstone Group is a private equity firm based in New York, New York. Multinational companies and long-term foreign investors like private equity giant Blackstone Inc. have their sights on India. Team Description: Portfolio Operations. Top Investor Types Accelerator , Venture Capital , Private Equity Firm. Blackstone's largest holding is Cheniere Energy Partners LP with shares held of 203,782,059. [4]:221223, In 2007, Blackstone acquired Alliant Insurance Services, an insurance brokerage firm. Find out the direct holders, institutional holders and mutual fund holders for Blackstone Inc. (BX). [citation needed] In 2020 they acquired The current portfolio value is calculated to be $39.65 Bil. [4]:145146, Blackstone's investments in telecommunications businessesfour cable TV systems in rural areas (TW Fanch 1 and 2, Bresnan Communications and Intermedia Partners IV) and a cell phone operator in the 1) EQ Office EQ Office was founded in 1976. Entrepreneurship Program, Government Office. How much aggregate funding have these organizations raised over time? He also serves on the firm's executive and management committees, and its board of directors. [28] In 1993, Hospitality Franchise Systems acquired Super 8 Motels for $125 million. Jun 5th, 2022 . How are IPOs trending over time in this hub? Rocky Mountain states (CommNet Cellular) were among the most successful of the era, generating $1.5 billion of profits for Blackstone's funds. At the time of its announcement, the EQ Office buyout became the largest in history, surpassing the buyout of, A consortium led by Blackstone and including the, Blackstone, together with Bain Capital, acquired Michaels, the largest arts and crafts retailer in North America in a $6.0 billion leveraged buyout in October 2006. 1) EQ Office. BXMT. 1986: Company developed Residence Inn in Boulder, co. 1986: Company developed Residence Inn in Saint Louis. CHNG. In July 2015, Blackstone acquired Excel Trust, a real estate investment trust, for around $2 billion. [161], The purchase and subsequent IPO of Southern Cross led to controversy in the UK. The SunGard transaction is also notable in the number of firms involved in the transaction, the largest club deal completed to that point. SEC 13F filings are viewable for Blackstone going back to 2010. [179], 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. This list of organizations invested in by Blackstone Group provides data on their funding history, investment activities, and acquisition trends. UPDATE 1-US natgas flows to LNG export plants set to hit record high - Refinitiv. } Clarus Ventures LLC Blackstone Alternative Solutions L.L.C. NOW HE'S GOING TO TRY SOMETHING REALLY BIG. Series A, Seed, Private Equity), Average of the Crunchbase Ranks of the organizations in this hub, Total number of funding rounds associated with this hub, Total funding amount raised across all funding rounds, Total number of acquisitions made by organizations in the hub, Total number of investments made by investors in this hub, Total number of lead investment firms and individual investors that invested in organizations of this hub, Total number of investment firms and individual investors that invested in organizations of this hub, Median number of investments made by investors in this hub, Median number of lead investments made by investors in this hub, Total number of people associated with this hub, Total number of events associated with this hub, Total amount raised at IPO of all the organizations associated with this hub, Median amount raised at IPO of all the organizations associated with this hub, Total valuation at IPO of all the organizations associated with this hub, Median valuation at IPO of all the organizations associated with this hub, Average date at which organizations in this hub went public, Percentage of organizations in this hub that have removed their stock from the stock exchange.