Blackstone Inc Stock Price, News & Analysis

Blackstone (NYSE: BX) has announced the acquisition of Safe Harbor Marinas from Sun Communities for $5.65 billion. Safe Harbor is the largest marina and superyacht servicing business in the United States, operating 138 marinas across the U.S. and Puerto Rico.

The acquisition aligns with Blackstone Infrastructure's strategy of investing in sectors with strong tailwinds, particularly the growing travel and leisure industry and population shifts to coastal cities. Blackstone Infrastructure has shown significant growth, managing $55 billion in assets and achieving approximately 40% year-over-year growth since inception.

Wells Fargo served as lead financial advisor and provided committed financing for the transaction, while Gibson, Dunn & Crutcher LLP and Simpson Thacher & Bartlett LLP acted as legal advisors.

Blackstone (NYSE: BX) has completed its acquisition of Retail Opportunity Investments Corp. (ROIC) in an all-cash transaction valued at approximately $4 billion, including outstanding debt. The deal, which was announced on November 6, 2024, involves Blackstone purchasing all outstanding common shares of ROIC at $17.50 per share.

The transaction was facilitated by multiple financial advisors, with J.P. Morgan serving as ROIC's exclusive financial advisor, while Blackstone was supported by Morgan Stanley & Co. , BofA Securities, Citigroup, Wells Fargo, Newmark, and Eastdil Secured. Legal counsel was provided by Clifford Chance US LLP for ROIC and Simpson Thacher & Bartlett LLP for Blackstone.

Blackstone Life Sciences announced that Novartis will acquire Anthos Therapeutics for up to $3.1 billion. The deal includes a $925 million upfront payment, with additional payments tied to regulatory and commercial milestones. The transaction is expected to close in first half of 2025.

Anthos, founded by Blackstone and Novartis in 2019, is developing abelacimab, a novel factor XI inhibitor for stroke prevention in atrial fibrillation patients and blood clot prevention in cancer patients. In the AZALEA-TIMI 71 trial, abelacimab showed significant advantages over rivaroxaban, including a 62% reduction in major bleeding, leading to early study discontinuation. Results were published in the New England Journal of Medicine in January 2025.

The company is currently conducting three phase 3 studies: LILAC-TIMI 76 for atrial fibrillation, and ASTER and MAGNOLIA for cancer-associated thrombosis, with data expected in second half of 2026.

Blackstone (NYSE:BX) has announced that Michael Chae, Vice Chairman and Chief Financial Officer, will deliver a presentation at the Bank of America Securities 2025 Financial Services Conference. The presentation is scheduled for Tuesday, February 11, 2025, at 10:30am ET.

The event will be accessible through a live webcast on Blackstone's website in the Shareholders section at http://ir.blackstone.com. For those who cannot attend the live presentation, a replay will be made available on the company's website shortly after the event concludes.

Blackstone (NYSE: BX) has announced the acquisition of Potomac Energy Center, a 774-megawatt natural gas power plant in Loudoun County, Virginia. The facility is strategically located within 'Data Center Alley,' near over 130 data centers in Northern Virginia, which represents approximately 25% of U.S. data center capacity.

The acquisition aligns with Blackstone's focus on power infrastructure supporting data centers and AI revolution. Potomac is one of the region's most efficient gas power plants and has potential for future hydrogen fuel blend integration. The plant will help meet growing power demands in the Northern Virginia region, particularly driven by data centers.

This investment adds to Blackstone's portfolio as the world's largest data center provider, complementing their recent investments in CoreWeave and DDN. Financial terms of the transaction were not disclosed.

DDN, a global leader in AI and data intelligence solutions, has secured a $300 million investment from Blackstone Tactical Opportunities at a $5 billion valuation. The investment will fuel DDN's growth in serving AI and high-performance computing needs.

Founded in 1998, DDN supports over 500,000 NVIDIA GPUs and serves thousands of customers, including financial services, life sciences, public sector clients, AI hyperscalers, and cloud providers like xAI and Lambda. The company's high-performance data intelligence platform powers NVIDIA clusters, enabling rapid data accessibility with high throughput and low latency for AI and HPC workloads.

The investment marks Blackstone's first institutional investment in DDN, strengthening its position in high-intensity AI workloads. DDN's platform facilitates rapid data ingestion, real-time processing, and faster insight generation for enterprise deployments of LLMs, Gen AI, and RAG applications.

EQT has successfully closed its previously announced midstream joint venture with Blackstone Credit & Insurance (BXCI). The transaction resulted in EQT receiving $3.5 billion in cash consideration, net of certain fees and expenses, in exchange for granting BXCI a non-controlling common equity interest in the JV. The proceeds were used to pay down EQT's term loan, revolving credit facility, and bridge term loan facility that funded the redemption and repurchase of certain EQM Midstream Partners, LP senior notes through a tender offer.

Blackstone (NYSE: BX) has announced its largest-ever real estate investment in Japan, acquiring Tokyo Garden Terrace Kioicho for $2.6 billion (JPY 400 billion) from Seibu Holdings. This marks the largest real estate investment by a foreign investor in Japan. The 2.4-million-square-feet mixed-use asset includes two high-rise towers featuring a fully occupied Grade A+ office, 135 high-end residential units, a 250-key luxury hotel, conference venues, and over 30 retail establishments.

Since 2013, Blackstone has acquired $16 billion in Japanese real estate assets. The company will maintain partnership with Seibu Group, which will continue managing the asset and hotel operations. This acquisition aligns with Blackstone's global real estate portfolio, which includes $325 billion of investor capital under management across various sectors including logistics, data centers, residential, office, and hospitality.

Blackstone Credit & Insurance has announced over $1 billion in new financings to support the recapitalization of Jet Support Services, Inc. (JSSI), the world's largest independent provider of hourly cost maintenance programs for business aircraft. This brings Blackstone's total financing for JSSI to over $1.8 billion in debt financing and common equity investment.

JSSI, a portfolio company of private equity firms GTCR and Genstar Capital, will use these strategic financings to strengthen its capital structure, enhance operational capabilities, and continue growth in the business aviation sector. Blackstone has been investing in JSSI since 2015, demonstrating its commitment to growing with companies in its credit portfolio.