Blackstone disputed these claims. UBS Group. 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. [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. Blackstone spent at least $6.2 million to defeat California's Proposition 10, which would have allowed cities to enact rent control. In no event shall stockzoa.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content available on stockzoa.com, or relating to the use of, or inability to use, stockzoa.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Founded in 1985, The Blackstone Group is a private equity firm based in New York, New York. In 2015, the digital assets were sold to IBM for $2 billion. BXMT. 2 2.List of top Blackstone Group Portfolio Companies - Crunchbase Hub . [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 trs[i].className = 'showrow'; Debt Financing - Heelstone Renewable Energy, Vault Health - Life Sciences Platform acquired by Science 37, Lesbians Who Tech + Allies San Francisco Summit 2019, Investor, Startup, Company or School that the hub is based on, Total number of organizations associated with this hub, Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of founders of organizations in the hub, Average date the Organization was founded, Percentage of organizations in this hub that have been acquired, Percentage of organizations that have gone public with an IPO, Percentage of organizations in this hub that are non-profits, Total number of for-profit companies in this hub, Total number of non-profit companies in this hub, Top 5 investor types represented in this hub, Last Funding Round type of organizations in the hub (e.g. Premium Blackstone is in the process of taking three portfolio firms public, including a US listing for an IT services firm.bloomberg 2 min read. Changed name from The Blackstone Group, Aug. 6, 2021. Javascript is disabled or is not supported by your browser. Which investors participated in the most funding rounds within this hub? Posted on June 17, 2021 by June 17, 2021 by Guru Portfolio Report Download Blackstone Inc has disclosed 523 total holdings in their latest 13F filing with the SEC for the portfolio date of 2021-12-31. Blackstone co-founder Peter Peterson was the former chairman and CEO of Lehman Brothers. The report also condemned Blackstone for "using its significant resources and political leverage to undermine domestic laws and policies that would in fact improve access to adequate housing." (Petros) -- "a stone" or "a boulder," Peter, one of the twelve apostles", "Blackstone's Chief Has a Warning for Wall Street's Entrepreneurs", A Big Fund Ready to Capitalize on Hard Times, CNW Accepts Buyout Bid From Blackstone Group, 2 Wall Street Firms Join To Buy Savings Units, "Stephen Schwarzman And Blackstone: Wall Street's Unstoppable Force", "U.S. Mergers Firm Is Forming British Link", Prime to Sell Interest in Inns to Blackstone, U.S. Mergers Firm Is Forming British Link, "WHO THE HELL IS HENRY SILVERMAN? Blackstone's largest transaction, the $26 billion buyout of Hilton Hotels Corporation occurred in 2007 under the tenure of Hilton CFO Stephen Bollenbach. The SunGard transaction is also notable in the number of firms involved in the transaction, the largest club deal completed to that point. Blackstone Alternative Asset Management L.P. Our people remained fully connected - to each other, to our portfolio companies and to our investors. Separately, in the largest real estate transaction in India, Brookfield bought 12.8 million sq. font-family: Arial; 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,[159] Luxury Resorts (LXR), Pinnacle Foods, Hilton Hotels Corporation, Motel 6, Apria Healthcare, Travelport, The Weather Channel (United States) and The PortAventura Resort. BlackRock's US $60 billion real assets teams helps our clients' meet their investment goals by providing a distinct range of well defined, outcome orientated strategies, along the investment risk-return spectrum, covering equity, debt and listed real assets globally. [30], Blackstone made a number of notable investments in the early and mid-1990s, including Great Lakes Dredge and Dock Company (1991), Six Flags (1991), US Radio (1994), Centerplate (1995), MEGA Brands (1996). Please. It is a private company of hospitality and has a chain of budget motels. tested every investment manager, the virtuous circle driving Blackstone's success - strong performance leading to investor trust and further growth - has continued to set our firm apart. Top Investor Types Accelerator , Venture Capital , Private Equity Firm. var to = plus; Blackstone has made 132 acquisitions and 209 investments. Rocky Mountain states (CommNet Cellular) were among the most successful of the era, generating $1.5 billion of profits for Blackstone's funds. Alight Solutions, which used to be the technology outsourcing business of HR and management consulting company Aon Hewitt, was acquired by private equity major Blackstone in 2017 and was rebranded an independent company. Win whats next. [19] In June 1989, Blackstone acquired freight railroad operator, CNW Corporation. Motel 6 is based in the United States and Canada. } else { A portfolio company is a company (public or private) that a venture capital firm, buyout firm, or holding company owns equity. AUM: $3.054 trillion. Our portfolio companies reflect our deep sector focus and specialization. Will Put $1.35 Billion Into Blackstone, A trash hauler is buying a much bigger rival, a type of deal that makes Wall Street a bit nervous, "Blackstone Acquires Debt on 7 World Trade Center", Vivendi Finishes Sale of Houghton Mifflin To Investors, "At Blackstone, James Builds A Following", Blackstone Group May Purchase Auto Parts Business From TRW, Blackstone Buys Majority Stake in Columbia House, A Split-Up of Insurers of Bonds Is Considered, Capital Firms Agree to Buy SunGard Data in Cash Deal. var tableid = 'hldtable'; Founded in 1985, The Blackstone Group is a private equity firm based in New York, New York. EQ Office was founded in 1976. Both companies are in the mobile advertising space. In May 2011, Southern Cross, now independent, was almost bankrupt, jeopardizing 31,000 elderly residents in 750 care homes. Blackstone Group, the entity behind India's maiden real estate investment trust (REIT), is now planning to list the country's first retail properties-centred REIT by mid-2022, people with direct knowledge of the development said. With 1,000 employees, the company manages a $64 billion private equity portfolio and has made more than 835 investments in its long history. Link to 13F filings: SEC filings, .htable { font-family: Arial; font-size: 13px; border-bottom: 1px dotted #666666; width: 646px; } [39], In 1999, Blackstone launched its mezzanine capital business. It has almost 80 different offices and it was founded by Sam Zell. Blackstone Group is more likely to invest in rounds together with the following funds: 1 DJR Advisors 2 Jaakkoo-Taara Oy 3 POSCO Venture Partners Funds investing in following rounds These funds have a tendency to invest in the following rounds after Blackstone Group: 1 Apax-Patricof 2 Zheda Youchuang 3 ZWC Partners Funds with similar focus [23][24] Additionally, Blackstone and Silverman acquired a 65% interest in Prime Motor Inn's Ramada and Howard Johnson franchises for $140 million, creating Hospitality Franchise Systems as a holding company. The transaction represented one of the first large club deals completed since the collapse of the Dot-com bubble. In other words, companies that private equity firms hold an interest in are considered portfolio companies. How Can Deutsche Telekom Recoup Losses on Its BT Stake? Following the acquisition, Blackstone merged GSO's operations with its existing debt investment operations. 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. See Details: Top 10 Stocks Held By Blackstone Inc. stock quote data powered by Ticker Technologies. Blackstone works hand in hand with portfolio companies, empowering them with tools and insights from across the portfolio to help strengthen their businesses. What's the most common final funding type when companies get acquired? 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 Rocky Mountain states (CommNet Cellular) were among the most successful of the era, generating $1.5 billion of profits for Blackstone's funds. [29] Silverman would ultimately leave Blackstone to serve as CEO of HFS, which would later become Cendant Corporation. 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", https://en.wikipedia.org/w/index.php?title=Blackstone_Inc.&oldid=1142163022, 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. Including: Biggest new positions Biggest exits Biggest increased positions Biggest decreased positions. } Fortune's exclusive look at the cou The fascinating story of how Blackstone gets its portfolio companies to work together begins from here. Over the past several months, Blackstone and our portfolio companies have been supporting COVID-19 relief measures in the communities where we live and work. [161], The purchase and subsequent IPO of Southern Cross led to controversy in the UK. [172][173], The company has invested in companies with links to the commercialization and deforestation of the Amazon rainforest.[174][175][176][177]. In December 2008, Blackstone announced that Kailix would be spun off to its management team to form a new fund as an independent entity backed by Blackstone. Blackstone Real Estate Advisors L.P. Acadia Healthcare. 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.
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