Blackstone Group

Blackstone Group is an American investment group of companies founded in 1985 by former Lehman Brothers top managers Peter Peterson and Stephen Schwartzman. Initially provided consulting services in the field of M&A transactions, but over time it became one of the largest private investment companies in. USA Based in New York. The group's offices are also located in,, London Paris Dusseldorf,,, Sydney Tokyo Hong Kong,, Beijing Shanghai, Madrid, Mumbai and Dubai.

The parent company of the group is the Blackstone Group L.P. Commandite Partnership, incorporated in December 2007 in Delaware.

Aktivs

The value of assets under management for 2016 is $311 billion.

History

2024: Buying $1.1 billion in U.S. credit card debt from Barclays

In February 2024, it was announced that Barclays it would sell $1.1 billion in credit card debt USA to Blackstone.

Banks around the world are increasingly using credit risk transfers to reduce risk across loan portfolios, with investors sharing the risk of loss, according to Reuters.

2023

Blackstone blocked withdrawals from its $70 billion profitable real estate fund

In April 2023, Blackstone blocked withdrawals from its $70 billion income real estate fund.

Blackstone bought software developer Cvent for $4.6 billion

On March 14, 2023, investment firm Blackstone announced an agreement to buy software developer Cvent Holding. The transaction amount will be approximately $4.6 billion. Read more here.

Default on bonds of 531 million euros secured by a portfolio of Finnish offices and stores

In March 2023, Blackstone defaulted on €531 million of bonds backed by a portfolio of Finnish offices and stores as rising interest rates hit property values in Europe.

Blackstone has demanded that bondholders defer their debt. But bondholders voted against the extension,

Property values in Europe are falling as rising interest rates scare away buyers.

2022: $6.3 billion purchase of casino and hotel operator Crown Resorts

On February 14, 2022, Australia's largest casino and hotel operator Crown Resorts announced that it had agreed to a $6.3 billion takeover by Blackstone, after about a year of efforts by the US private equity giant to acquire the company. Read more here.

2021

Investing in Edtech startup Byju's

In mid-June 2021, an Indian Edtech startup Byju’s raised $350 million in investments from UBS Group, Blackstone and the founder. Zoom Erika Yuan The estimate startup rose to $16.5 billion. More. here

Purchase of Medline Industries medical equipment manufacturer

In early June 2021, a group of private equity firms entered into a deal to acquire Medline Industries for more than $30 billion. It is one of the biggest loan purchases by companies and asset sales to cover debts since the financial crisis. Read more here.

Purchase of QTS Realty Trust data center network for $10 billion

In early June 2021, investment company Blackstone Group acquired data center network operator QTS Realty Trust for approximately $6.7 billion. Taking into account the amount of QTS debt, the full amount of the transaction will be about $10 billion. Read more here.

Purchase of IDG media group for $1.3 billion

In early June 2021, Blackstone bought a media company with an emphasis on IDG IT for $1.3 billion. The company was owned by Oriental Rainbow, a subsidiary of China Oceanwide Holdings Group. Read more here.

Investing in the Weee fresh food delivery service!

At the end of March 2021, the Weee ! raised $315 million in a series of investments led by the Yuri Milner FoundationDST Global. New investors include funds managed by Blackstone, Arena Holdings and Tiger Global. Read more here.

2020

Investment in FireEye

FireEye on November 19, 2020 announced the completion of the acquisition of the firm Response Software and at the same time - to attract an investment of $400 million from the investment corporations Blackstone and ClearSky. The acquisition of Response cost FireEye $186 million. Read more here.

Purchase of Ancestry

At the end of August 2020, the Blackstone Group acquired the Ancestry.com genetic data collection service for $4.7 billion, paying including the company's debt. At the same time, Blackstone made a bet on the future of personalized medicine, which can find application for a rich genetic database. Read more here.

Takeda Consumer Healthcare Purchase

At the end of August 2020, Japan's largest pharmaceutical company, Takeda Pharmaceutical, announced that it was selling its consumer healthcare business to the American investment fund Blackstone Group. The fund intends to use the resources of a Japanese company to develop medicines for rare or as yet incurable diseases. Read more here.

Investing $337 million in Medtronic's diabetes unit

In mid-June 2020, it became known that Blackstone Life Sciences, part of the Blackstone group, invested $337 million in the diabetes division of Medtronic. Read more here.

2019

Purchase from Russian holding MagicLab for $3 billion

In November 2019, Andrei Andreev, together with the investment company Finam, sold the MagicLab holding, which combines the dating services Badoo and Bumble. Buyer - Blackstone fund paid $3 billion for the asset. "Finam" received a 30-fold return on its investment in Badoo. Read more here.

Buying Ultimate Software for $11 billion

On February 4, 2018, the sale of Ultimate Software to a group of investors led by Hellman & Friedman and Blackstone Group was announced. Read more here.

2016

Purchase of stake in JDA Software

In October 2016, it was announced the closure of a deal to invest $575 million in JDA Software. software Funds have been invested in the developer Blackstone and. New Mountain Capital What shares in JDA Software they received as a result of the transaction is not specified. More. here

Investment in JDA Software

On August 19, 2016, American developer POJDA Software issued a press release in which it spoke about concluding an agreement with funds managed by investment companies Blackstone and New Mountain Capital (the largest in the owner of JDA). According to the agreement, JDA will recapitalize the company by privately investing $570 million in equity.^[1]

JDA Software raised $570 million and is preparing to sell

More on the deal here.

Purchase from HPE of Indian IT outsourcer MphasiS

In April 2016, it was announced that Hewlett Packard Enterprise was selling Blackstone Group at least 84% of its shares in Indian IT outsourcer MphasiS at Rs 430 apiece, corresponding to about $825 million. The remaining 16 per cent stake will be sold as part of a so-called compulsory tender offer. If approved, Blackstone will pay a total of about $1.1 billion for the purchase of MphasiS. Read more here.

2015

IBM's sale of stake in The Weather

At the end of October 2015, IBM announced its decision to acquire The Weather, its mobile, cloud and B2B web resources, including WSI, weather.com, Weather Underground, and The Weather Company's trademark from a consortium of private investor companies The Blackstone Group, Bain Capital and NBC Universal.^[2]

The transaction was closed on January 29, 2016.

Plan to buy Spain's CaixaBank bad loan package

In July 2015, it became known that the American investment company Blackstone Group intends to acquire a portfolio of "bad" loans from CaixaBank for 790 million euros, Bloomberg reports, citing two sources familiar with the situation^[3].

According to sources, these loans were taken for newly built residential buildings, as well as land and designed buildings. The assets are mainly in Andalusia, Madrid, Castile La Mancha and Catalonia. The sale of the portfolio, known as Tourmalet, is expected to be completed at the end of the week.

2007

Plan to buy Hilton for $26 billion

On July 3, 2007, Blackstone Group announced its intention to buy the world's largest hotel chain Hilton for $26 billion.

IPO for $4.13 billion

On June 21, 2007, Blackstone Group listed a 12.3% stake on the New York Stock Exchange. For 133.3 million shares sold along the upper border of the price corridor - $31 apiece, Blackstone raised $4.13 billion. According to the results of the placement, which became the largest in the United States since 2002, the company's capitalization amounted to $33.6 billion. If the organizers of the IPO - Morgan Stanley and Citigroup take advantage of the option for 20 million shares, the volume of placement will grow to $4.7 billion. And taking into account the purchase by the Chinese government of Blackstone shares for $3 billion, the company will raise $7.7 billion.

Purchase of Alliance Data for $7.8 billion

In May 2007, Blackstone buys one of the largest US IT providers Alliance Data for $7.8 billion.

Tussauds Group's £1bn purchase

In March 2007, Blackstone bought the firm Tussauds Group, the second largest corporation in the entertainment industry after The Walt Disney Company, from Dubai International Capital for £1 billion. Tussauds Group manages and owns assets with worldwide fame: Madame Tussauds Wax Museum, London Eye, theme parks (amusement parks) Legoland (parks in England, Denmark, USA Germany and), Gardaland Italy in and several parks in. Great Britain

2006: Participation in the purchase of Freescale Semiconductor for $16 billion

In September 2006, Blackstone Group, along with Texas Pacific Group, Carlyle Group and Permira Funds, buys a large semiconductor manufacturer, a Freescale Semiconductor former unit Motorola for 16 billion, dollars one of the largest deals in the high-tech industry.