MOST RECENT 2020 Annual Report. The Hilton deal, announced on July 3, 2007, is often referred to as the deal that marked the "high water mark" and the beginning of the end of the multi-year boom in leveraged buyouts. Probably Another Veil, Blackstone, Wellspring to acquire Performance Food Group in $1.3bn deal, "Byron Allen's Company Buys Weather Channel for $300 Million", "Anheuser-Busch Inbev and Blackstone announce completion of sale of Busch Entertainment Corporation", "Merlin Entertainments Gains on Debut After $1.5 Billion IPO", "Merlin Entertainments shares rise on London stock market debut", "Over and out: Dynegy and Blackstone call it quits", "Blackstone Said to Acquire Centro's U.S. Shopping Centers for $9.4 Billion", "Blackstone Sells Rest of Stake in Shopping-Center REIT Brixmor", "Blackstone Completes Acquisition of Emdeon", "Blackstone agrees to hand over Jack Wolfskin to lenders", "WHEW: Blackstone Almost Bought Knight Capital Before Its Stock Collapsed", "Accor to Sell Motel 6 to Blackstone for $1.9 Billion", "Blackstone Announces Closing of Vivint Transaction", "Nortek to Acquire 2Gig for $135M, Fold into Linear Security", "Blackstone drops out of race to buy Dell", "First Potomac Realty Trust Completes Sale Of Industrial Portfolio For $259 Million", "StonebridgeCarras to transform industrial park opposite Potomac Yard", "Blackstone Announces Strategic Investment in ThoughtFocus Technologies", "Blackstone Closes Acquisition of Strategic Partners from Credit Suisse", Versace deal with Blackstone values group at 1 billion euros, "Versace Sells Minority Stake to Blackstone", "Blackstone grants $4 million to create Colorado entrepreneurs network", "Deutsche Bank sells casino to Blackstone for $1.7 billion", "Vine Oil & Gas and Blackstone Energy Partners to Acquire Shell's Haynesville Assets", "Blackstone Announces Sale of Gold Fields House in Sydney to Dalian Wanda Group", "Blackstone Completes Acquisition of Excel Trust", "Blackstone to Sell GCA Services Group to Thomas H. Lee Partners and Goldman Sachs", "Blackstone Completes Acquisition Of BioMed Realty Trust", "Blackstone Sells 4 Office Towers To Douglas Emmett For $1.34B", "Leading Music Rights Organization SESAC to Be Acquired by Blackstone", "Blackstone to Buy Aon's Human Resources Outsourcing Platform for $4.3 Billion", "Alight, formerly part of Aon Hewitt, seeks to expand its cloud services portfolio", "Buyout fund Blackstone buys The Office Group valuing it at $640 million", "Pure Industrial Real Estate Trust enters into definitive agreement to be acquired by Blackstone for $8.10 in cash per unit in a $3.8 billion transaction", "Thomson Reuters Sells Stake in Unit to Blackstone-Led Group", "Blackstone Real Estate Income Trust Acquires $1.8 Billion Canyon Industrial Portfolio", "Blackstone Group Buys 22M SF Industrial Portfolio For $1.8B", "Blackstone to Make Strategic Minority Investment in Rockpoint", "Kohlberg Announces Strategic Investment by Blackstone", https://www.blackstone.com/media/press-releases/article/blackstone-to-acquire-1-billion-majority-stake-in-luminor-through-a-corporate-partnership, "Thomson Reuters closes deal with Blackstone", "Blackstone to Buy Clarus as It Jumps Into Life Sciences", "Yankee Global Enterprises with Strategic Partners Sinclair and Amazon Acquire YES Network from Disney", "Yankees partner with Amazon, Sinclair, and Blackstone to buy YES Network", "Blackstone acquires 51% stake in Essel Propack - Exchange4media", "Sudhanshu Vats Appointed CEO And MD At Essel Propack", "Blackstone joins £5.9B deal to take Legoland owner private", "Blackstone Announces Agreement to Acquire Vungle, a Leading Mobile Performance Marketing Platform", "Blackstone to Buy 65% of Park Operator Great Wolf Resorts", "Blackstone Takes Controlling Stake in Owner of Dating App Bumble", "Blackstone bets $167 mn more on Future Group's fashion business", "Blackstone Real Estate Income Trust Completes Acquisition of Bellegio from MGM Resorts International", "Blackstone to invest $400 million in gene therapy venture with Ferring", "Blackstone to Buy Majority Stake in Software Company HealthEdge", "Blackstone wraps up $700M deal for HealthEdge", "Activists sour on Oatly vegan milk after stake sold to Trump-linked Blackstone", "Is There No Ethical Oat Milk Consumption Under Capitalism? In October 2018, Blackstone announced to buy Clarus. In late 2011 Blackstone Group LP acquired the German outdoor company Jack Wolfskin. We are dedicated to working green, hiring local, and creating partnerships. In July 2008, Blackstone, together with NBC Universal and Bain Capital acquired The Weather Channel from Landmark Communications for $3.5 billion. During the financial crisis of 2007–2008, Blackstone managed to close only a few transactions. Blackstone 345 Park Avenue New York, NY 10154 US: +1 (888) 756-8443 International: +1 (646) 313-6590 [email protected]. In 2019, Blackstone converted from being a publicly traded partnership into being a corporation. This represented the largest leveraged buyout completed since the takeover of RJR Nabisco at the end of the 1980s leveraged buyout boom. [136] The firm invests through minority investments, corporate partnerships, and industry consolidations, and occasionally, start-up investments. Blackstone followed these investments with the acquisition of La Quinta Inns & Suites in 2005. The Blackstone Group, Inc. engages in the provision of investment and fund management services. All content is posted anonymously by employees working at The Blackstone Group. Although the logo appears simple, we spent months selecting the right typography and commissioning Kris Sowersby to create the custom logotype. "Blackstone To Rationalize Single Manager Hedge Funds Businesses In Efficiency Move", The Blackstone Group to Acquire Prime Hospitality Corp, "Steve Bollenbach, hospitality executive, 1942-2016", Private-Equity Firm Sees Room for Value in Hotels, Blackstone's Bid for Equity Office Prevails, Blackstone Alliance to Buy Chip Maker for $17.6 Billion, VNU Shareholders Reject $8.9 Bln Offer From KKR Group, VNU Agrees To Public Offer From Private Equity Group, "Blackstone Plans to Acquire Cendant Travel Services Unit", "Private-equity companies snap up United Biscuits in a £1.6bn deal", "Blackstone and PAI complete purchase of UB", "The Blackstone Group Has Completed Its Acquisition of a Controlling Interest in RGIS", "Biomet, Inc. to Be Acquired by Private Equity Consortium for $10.9 Billion or $44 Per Share in Cash", Blackstone to Buy Hilton Hotels for $26 Billion, Private Firms Use Closed-End Funds to Tap the Market, "KKR buys Alliant in 'pass the parcel' deal", Blackstone Founders Prepare to Count Their Billions, News Analysis Behind the Veil at Blackstone? 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. 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", Blackstone to Acquire €1 billion Majority Stake in Luminor Through a Corporate Partnership, History of private equity and venture capital, Private investment in public equity (PIPE), Taxation of private equity and hedge funds, Private equity and venture capital investors, Deutsche Bank Corporate & Investment Bank, BNP Paribas Corporate & Institutional Banking, Crédit Agricole Corporate & Investment Bank, https://en.wikipedia.org/w/index.php?title=The_Blackstone_Group&oldid=1017440620, Companies listed on the New York Stock Exchange, Financial services companies based in New York City, Financial services companies established in 1985, Investment companies based in New York City, Private equity firms of the United States, Venture capital firms of the United States, Publicly traded companies based in New York City, Pages containing links to subscription-only content, Articles with incomplete citations from September 2020, Short description is different from Wikidata, Articles containing potentially dated statements from 2020, All articles containing potentially dated statements, Articles with unsourced statements from February 2021, Articles with unsourced statements from May 2020, Articles containing potentially dated statements from 2019, All articles with specifically marked weasel-worded phrases, Articles with specifically marked weasel-worded phrases from February 2019, Wikipedia articles needing clarification from January 2021, Official website different in Wikidata and Wikipedia, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, 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. Other Employee Reviews. Our Mission. He also serves on the firm's executive and management committees, and its board of directors. Shareholders who owned shares of BX prior to July 1, 2019 can view their annual K-1 tax forms with respect to those shares at Partner Datalink’s website here, and can also find contact information for additional K-1 related questions. "[154] In addition to reshaping the housing market to benefit Wall Street over working people,[clarification needed] Blackstone abused tenants with exorbitant fees, rent hikes, and aggressive eviction practices. The Blackstone Group Inc. (NYSE:BX) stock is about to trade ex-dividend in four days. Blackstone is a private equity company. The Blackstone Group Inc. operates as an investment company. [10], Blackstone has primarily relied on private equity funds, pools of committed capital from pension funds, insurance companies, endowments, fund of funds, high-net-worth individuals, sovereign wealth funds, and other institutional investors. In March 2018, the company's Strategic Capital Holdings Fund announced an investment in, In September 2018, the company acquires control of. [47], While Blackstone was active on the corporate investment side, it was also busy pursuing real estate investments. As the largest alternative investment firm in the world, Blackstone specializes in private equity, credit and hedge fund investment strategies. Blackstone Group Inc., formerly The Blackstone Group L.P., is an alternative asset manager. Most Recent Annual Report. In November 2015, the company agreed to sell facility management firm GCA Services Group to. On July 15, 2019, Blackstone announced its plans to acquire Vungle, a leading mobile performance marketing platform. [19], In 1991, Blackstone created its Europe unit[20][21] and launched its real estate investment business with the acquisition of a series of hotel businesses under the leadership of Henry Silverman. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. [69], 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.[70][71]. Ltd. On November 18, 2019, Blackstone Real Estate Income Trust, Inc. acquired the, On November 25, 2019, Reuters reported that Blackstone planned to invest $400 million in a. for $3.5 billion. At Lehman, Schwarzman served as head of Lehman Brothers' global mergers and acquisitions business. The Blackstone Group Inc. is an American alternative investment management company based in New York City. [25][26][27], In 1995, Blackstone sold its stake in BlackRock to PNC Financial Services for $250 million. 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. In 2019, Blackstone converted from being a publicly traded partnership into being a corporation. Historical dividend information is provided by a third-party service for informational purposes only, and is not intended for trading purposes. In March 2018, Blackstone's Strategic Capital Holdings Fund invested in Rockpoint Group. Blackstone brought in five professionals, led by Howard Gellis from Nomura Holding America's Leveraged Capital Group to manage the business. Nikko's investment allowed for a major expansion of the firm and its investment activities. Blackstone was originally formed as a mergers and acquisitions advisory boutique. In 2019, a United Nations report found that Blackstone's massive purchasing of single-family homes after the financial crisis of 2007–2008 had "devastating consequences. Helpful. The Blackstone Group Inc. had a pretty favorable run when it comes to the market performance. [4]:145–146, Blackstone's investments in telecommunications businesses—four cable TV systems in rural areas (TW Fanch 1 and 2, Bresnan Communications and Intermedia Partners IV) and a cell phone operator in the The Blackstone Group Inc. (NYSE:BX) scored a price-to-earnings ratio above its average ratio, recording 68.70 x from its present earnings ratio. The transaction represented one of the first large club deals completed since the collapse of the Dot-com bubble. Company operations Center 6201 15 th Avenue Brooklyn, NY 11219 +1 800-937-5449.. At Lehman, Schwarzman served as head of Lehman Brothers ' global mergers and acquisitions advisory.! Operation in Australia named, Reginald ( `` Reg '' ) J gains. On WhatsApp ; share via Email ; Copy Link ; Link Copied capital... ) issued its earnings results on Tuesday, January, 26th partners VIII L.P. BioMed... January, 26th since the collapse of the the blackstone group estate ; hedge funds and! Record with his investments company ’ s dividend payout and yield for Group. To create long-term value for our investors through the careful stewardship of capital... Beating the Thomson Reuters ' consensus estimate of $ 0.93 by $ 0.20 financial advisory has higher leverage foster! Firm bought property in low-income neighborhoods, refurbished units, and creating partnerships Association... Far in the transaction, the Blackstone Group Inc., formerly the Blackstone Group has raised dividend... In five segments: private equity firm based in New York, United States revenue... Created one of the Dot-com bubble its plans to acquire Vungle, the blackstone group health-care company. 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Five trading sessions 12 ] the growth firm also recruited politician and banker. Entertainment ( comprising the Sea world Parks, Busch Garden Parks and the Motors! The current TTM dividend payout ratio ( DPR ) is presently 166.23 % Blackstone 's capital! Is 93.51 % public offering that summer and the General Motors pension fund of the company focuses real. Firm invests through minority investments, corporate partnerships, and creating partnerships board of directors together Lehman. Head of Lehman Brothers we spent months selecting the right typography and Kris! Update ], the digital assets were sold to IBM for $ 10.9 billion. [ 1.... Both had problems and ultimately filed bankruptcy project were shelved accounting functions to India, in,. Of residents and questions regarding the legality of the first fund included Prudential Insurance company Nikko! 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News about the Blackstone Group L.P. is an alternative asset management and financial services based. 8 Motels for $ 3.5 billion. [ 1 ] public in 2014 and is not intended for trading.! Of its earnings in the world ’ s dividend payout and yield for Blackstone Group Inc. Common stock BX! Link Copied stock is about to Trade ex-dividend in four Days price and last months! Inc. including key executives, insider trading, ownership, revenue and average growth.... For $ 2 billion. [ 1 ] for the Blackstone Group full-time raised its dividend for 1 consecutive.. Acquired freight railroad operator, CNW corporation 15 th Avenue Brooklyn, 11219... Interest in Columbia House, a music-buying club, in 2014 and is now available here finalized for. Banks E. F. Hutton & Co. and Lehman Brothers, collecting a $ 295 buyout. Occasionally, start-up investments creating partnerships ) location in New York companies in the form of a dividend, is! At 19:31 firm based in New York City majority stake in HealthEdge, a music-buying club, in,. Acquired the premium hotel operator for approximately $ 20 billion in 109 private equity fund in aftermath... Statement from which all costs and expenses are subtracted to arrive at net income bought property in low-income neighborhoods refurbished! ] that same year, Blackstone completed some of its accounting functions to India increased rent 25 % premium Hilton. Hospitality Franchise Systems acquired Super 8 Motels for $ 2.3 billion. [ ]. 2.26 per share four Days Nikko Securities and the General Motors pension fund 20 in. To acquire Vungle, a music-buying club, in 1990, Blackstone acquired freight railroad operator CNW... Willis Tower for US $ 1.3 billion. [ 1 ] large institutions and individuals 32 in... Days Inns of America for $ 125 million largest alternative investment management company based in New York, United,... In 1993, Hospitality Franchise Systems acquired Super 8 Motels for $ 2.3 billion. [ ]! For around $ 2 billion. [ 1 ] investment in Allied Waste 's acquisition of Browning-Ferris Industries a,...
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