Blackstone to buy Canada’s WPT Industrial REIT for US$3.1-billion

Blackstone Group Inc. plans to buy Canada’s WPT Industrial REIT for US$3.1-billlion, as the private equity giant aims to capitalize on the pandemic’s major shift to e-commerce by acquiring dozens of warehouses and distribution centres. Blackstone’s REIT will pay WPT unitholders US$22 per unit to get its hands on WPT’s 110 industrial properties across 20 […]

Blackstone doubles second quarter earnings on surging asset sales

Blackstone Group Inc (BX.N) said on Thursday its second-quarter distributable earnings nearly doubled year-on-year, driven by a surge in asset sales across its real estate, private equity and credit businesses. Blackstone’s shares rose 4.5% on Thursday morning, pushing its market capitalization to a record high of $131 billion, overtaking Goldman Sachs Group Inc (GS.N), another Wall Street heavyweight. […]

Blackstone to acquire $7.3B of AIG insurance and housing business

American International Group will be selling a 9.9 percent equity stake in its life and retirement assets. Blackstone will be purchasing AIG insurance and housing business assets representing a 9.9 percent stake and will pay $2.2 billion in cash for the acquisition. The private equity giant and insurer agreed to a “long-term strategic asset management […]

Blackstone to acquire majority stake in Simplilearn for $250M

Blackstone has entered into a definitive agreement to acquire a controlling stake in Bengaluru-based edtech startup Simplilearn. According to sources, the deal size is pegged at $250 million. Founded in 2010 by Krishna Kumar, Simplilearn has been profitable for the fourth year in a row, the company said in a statement. The platform offers over 100 programs […]

Private equity giant Blackstone ups bid for St Modwen

Private equity giant Blackstone today looked set to win its takeover tussle for warehouse and housebuilder St Modwen Properties with an increased takeover offer of £1.27 billion. It is Blackstone’s seventh offer for the business and, like the previous bid, won the recommendation of the board. Blackstone said it was its final offer and major shareholders Aviva and Aberdeen Standard, with 10% of the company between them, said they would vote […]

Blackstone completes £1.2bn takeover of property developer St Modwen

Blackstone now has over $196bn of property assets under management. Blackstone, has finalized a £1.2bn to takeover of UK property investment company St Modwen. It follows a string of property investments by Blackstone, which now owns Sage Housing and Bourne Leisure. The offer was initially opposed by JO Hambro Capital Management, one of the FTSE 250 developer’s largest […]

Blackstone, Carlyle, H&F Near $30 Billion Deal for Medline

A consortium of private equity firms is nearing a deal to buy medical supply company Medline Industries Inc. for more than $30 billion, according to people familiar with the matter, in what would be one of the biggest leveraged buyouts of all time. The group, comprising Blackstone Group Inc., Carlyle Group Inc. and Hellman & Friedman, is […]

Blackstone just acquired tech publisher IDG for $1.3B, as private equity strikes again

It’s been a busy week for private equity, with Cloudera, Stack Overflow and FireEye coming off the board on Tuesday and Wednesday. Today Blackstone bought media and data company IDG for $1.3 billion. The company had been owned by Oriental Rainbow, LLC, a subsidiary of China Oceanwide Holdings Group, Co. Ltd. Company CEO Mohamad Ali is hoping that Blackstone can […]