In March 2007, RGIS announced that Blackstone Group purchased a controlling interest in the company, the terms of the transaction were not disclosed. The firm prefers to invest in private equity, real estate, public debt, equity, non-investment grade credit, real assets, and secondary funds. How much aggregate funding have these organizations raised over time? The core focus of the team is to prepare, evaluate, analyze, and summarize portfolio performance on a fund and investment basis - activities which are critical to supporting the . 1986: Company developed Residence Inn in Boulder, co. 1986: Company developed Residence Inn in Saint Louis. Blackstone Credit served as lead lender and provided $1.24 billion of a $1.36 billion first lien senior secured financing package (consisting of a $1.165 billion first lien term loan, $75 million delayed draw term loan and a $120 million revolver) to support the recapitalization of Unified, a portfolio company of Altas and Ares. Hilton Worldwide (1 C, 35 P) M MNRK Music Group (4 C, 7 P) P PortAventura World (9 P) S SeaWorld Parks & Entertainment (6 C, 27 P) Pages in category "The Blackstone Group companies" The following 35 pages are in this category, out of 35 total. } else { BXMT. Blackstone spent at least $6.2 million to defeat California's Proposition 10, which would have allowed cities to enact rent control. Blackstone disputed these claims. We uncover and unlock value by identifying great companies with untapped potential and enhancing their performance. Part of the purchase involved splitting the business into a property company, NHP, and a nursing home business, which Blackstone claimed would become "the leading company in the elderly care market". Motel 6 is based in the United States and Canada. Following the acquisition, Blackstone merged GSO's operations with its existing debt investment operations. Real assets: Real estate and infrastructure. In July 2020, Blackstone invested US$200m in the Swedish oat milk brand, In August 2020, Blackstone announced that it will buy a majority stake in. Blackstone's Portfolio Operations Group is a team of dedicated executives and advisors with decades of combined operational experience and expertise, who together form a world-class operating platform that partners with Blackstone's investment and portfolio company management teams to advise and support the . Oatly Selects Philadelphia To Test New Plant-Based Cream Cheese, FTX has a massive $9.5 billion shortfall in top crypto and cash needed to repay customers, the bankrupt exchange's new bosses say, FTX presentation shows massive shortfall in firms assets, Antronix Announces New Strategic Appointments to Accelerate North American Cable and Fiber Deployments for Broadband Providers, Bitcoin fell over 5% Thursday night, its largest one-hour drop since FTX, The Weeks 10 Biggest Funding Rounds: Wiz Wraps Up $300M Raise, Skydio Lands $230M For Drones, Zumper Launches Short-Term Rental Subscription Service. Back to BX Overview. [49], Blackstone made a significant investment in Financial Guaranty Insurance Company (FGIC), a monoline bond insurer alongside PMI Group, The Cypress Group and CIVC Partners. display: none; Team Description: Portfolio Operations. [34], In 1997, Blackstone completed fundraising for its third private equity fund, with approximately $4 billion of investor commitments[35] and a $1.1 billion real estate investment fund. Blackstone leverages that capital by New. Speaking on the firms third-quarter earnings call on Wednesday, chief financial officer Michael Chae said the private equity portfolio had fully retraced the 21.6 percent decline it experienced in the first quarter, with a Blackstone was originally formed as a mergers and acquisitions advisory boutique. List of top Apollo Portfolio Companies - Crunchbase Hub Profile Hub Apollo Portfolio Companies Overview Parent Organization Apollo Number of Organizations 68 CB Rank (Hub) 38,334 Number of Founders 93 Average Founded Date Nov 3, 1997 Percentage Acquired 21% Percentage of Public Organizations 31% Number of For-Profit Companies 64 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. In 2012, Blackstone went paperless with its Annual Reports and now releases Annual Chairman's Letters online. [165] The buildings sold in San Francisco and Silicon Valley included 26 office buildings and two development parcels. "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, "Here's Why Wyndham Worldwide Just Bought La Quinta", 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? The US-based private equity major has already kick-started the process of listing the proposed REIT by integrating and preparing its portfolio of mall properties . [6][7][8] The two founders had previously worked together at Lehman Brothers. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. The portfolio companies listed below have been acquired, invested, or exited within 5 years of the current quarter. After a resistance of residents and questions regarding the legality of the purchase agreement, Blackstone withdrew from it in October 2019. The Blackstone Groups largest (disclosed) exit occurred in 2019 when it sold Refinitiv for $27.0B. Here are some of the companies that Blackstone owns. Job Title: Portfolio Insights, Associate. The purchase and subsequent IPO of Southern Cross led to controversy ICO Companies Office: 3401 N. Center St. Suite 300 Lehi, UT 84043. How are IPOs trending over time in this hub? On July 15, 2019, Blackstone announced its plans to acquire Vungle Inc., a leading mobile performance marketing platform. Which companies in this hub have the most subsidiaries? 11 List of top Blackstone Group Portfolio Companies - Crunchbase Hub Author: crunchbase.com Published: 11/11/2021 Review: 2.84 (155 vote) Summary: This list of organizations invested in by Blackstone Group provides data on their funding history, investment activities, and acquisition trends AUM: $2.530 trillion. State Street Global Advisors. Blackstone is a member of the Real Estate Roundtable, a special interest group which spends millions on lobbying and political donations every year. Top 5 stock holdings are CQP , GTES , ET , MPLX , CRBG , and represent 48.14% of Blackstone's stock portfolio. Aypa Power is a Blackstone portfolio company that develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects. Company Events. Hilton Worldwide was previously known as Hilton Hotels Corporation from 1919 to 2009. [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. 2023 PitchBook. Blackstone Management Partners L.L.C. The firm prefers to invest in private equity, real estate, public debt, equity, non-investment grade credit, real assets, and secondary funds. 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. A American Axle Ancestry.com C Candle Media Chicago and North Western Transportation Company Cineworld Cloudreach Crown Resorts E EQ Office Extended Stay America F Freescale Semiconductor H In 2015, the digital assets were sold to IBM for $2 billion. Including: Biggest new positions Biggest exits Biggest increased positions Biggest decreased positions. On February 14, 2022 Crown Resorts accepted Blackstone's takeover offer. Blackstone's investment in Allied was one of its largest at that point in the firm's history. Construction Portfolio . Founded in 1985, The Blackstone Group is a private equity firm based in New York, New York. Combined Holding Report Includes: Operational Private Equity Portfolio Company Investments Our global team brings a patient, long-term philosophy focused on partnering with each portfolio company to provide the right financial resources and operational expertise to help it succeed. 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. February 21, 2023 MidCap Financial Investment Corporation Reports Financial Results for the Quarter and Fiscal Year Ended December 31, 2022, and Increases Quarterly Base Dividend to $0.38 Per Share. In doing so, he has . John Joseph Paul Studzinski, CBE (born March 19, 1956) is an American-British investment banker and philanthropist. 5 5.Blackstone Group Inc - Portfolio Holdings, AUM (13F, 13G) - Fintel. [19] In June 1989, Blackstone acquired freight railroad operator, CNW Corporation. Carlyle's Global Private Equity business is one of the world's largest and most diversified private equity platforms, spanning industries, geographies and strategies to deliver transformational results for our partnersmanagement teams, portfolio companies, and fund investors. Updated: 13 Jan 2021, 06:19 AM IST Ranjani Raghavan We are proud of Blackstones role as a positive economic catalyst for the companies in our Corporate Private Equity portfolio. Find out the direct holders, institutional holders and mutual fund holders for Blackstone Inc. (BX). Blackstone real estate has committed $5.4 billion across 33 investments in India, of which it has committed $4 billion towards acquiring Grade A commercial office buildings across the country; it. The firm seeks to invest through means of buyouts, debt, mergers, acquisitions, mezzanine, and growth capital. Their last reported 13F filing for Q1 2022 included $39,402,990,000 in managed 13F securities and a top 10 holdings concentration of 65.39%. CHNG. ABRY Communications. The fascinating story of how Blackstone gets its portfolio companies to work together begins from here. 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. What's the most common final funding type when companies get acquired? [85], Blackstone operates through four primary departments: private equity; real estate; hedge funds; and credit. At the end of 2002, Blackstone, together with Thomas H. Lee Partners and Bain Capital, acquired Houghton Mifflin Company for $1.28 billion. ft of Bengaluru-based RMZ Corp's 128 million sq. Motel 6 also operated Studio 6. } list of blackstone portfolio companies. Contact our team. JPMorgan Chase. We work to identify, invest in and enhance the value of great businesses. Its name is derived from the Initials of three different groups that are Zeckendorf, Eagle Star, and Convent Gardens. The partnership's first acquisition was a $295 million buyout of Prime Succession from GTCR. Revantage, a Blackstone Portfolio Company Real Estate Headquarters Chicago , IL Total offices: 2 Total Employees: 490 Year Founded: 2017 View Website Overview Perks + Benefits Jobs 23 Revantage, a Blackstone Portfolio Company Benefits Overview At Revantage, culture is paramount. 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 Bain and Blackstone narrowly beat out, Travelport, the parent of the travel website Orbitz.com, was acquired from, In October 2006 Blackstone, together with. Investing in a portfolio company aims to increase its value and earn a return on investment through a sale.