Blackstone Inc. manages alternative investment strategies across private equity, real estate and real assets, credit and insurance, and other alternatives for institutional, insurance and individual investors. News about BX commonly covers operating and financial results, realization activity, dividend announcements, fund and platform launches, and investments made through Blackstone-affiliated strategies.
Recurring developments include Blackstone Real Estate Debt Strategies lending activity, Blackstone Life Sciences financings, energy-transition and power-generation investments, data-center and digital-infrastructure initiatives, and partnerships tied to enterprise technology and AI deployment. Coverage also reflects capital formation, portfolio-company activity and updates from public vehicles connected to Blackstone platforms.
Blackstone (NYSE: BX) has finalized the acquisition of Crown Resorts Limited in its largest transaction in Asia Pacific. This deal includes three premium resort and casino properties located in Melbourne, Perth, and Sydney. Blackstone aims to enhance these properties into top-tier entertainment destinations, working closely with Crown's management and employees. The investment is expected to support local economies and create jobs while allowing Crown to realize its potential in the hospitality sector.
Blackstone (NYSE: BX) has successfully completed its acquisition of Preferred Apartment Communities, Inc. (NYSE: APTS) for $25.00 per share, totaling around $5.8 billion. This all-cash transaction includes a liquidation preference of $1,000 per preferred share, plus accrued dividends. Following the acquisition, PAC's common stock will be delisted. The deal was supported by over 99% of PAC's voting stockholders. Blackstone aims to integrate PAC's high-quality multifamily properties into its existing portfolio, enhancing its presence in the residential market.
Advarra, a leader in clinical research solutions, has secured a majority investment from Blackstone and Canada Pension Plan Investment Board. The partnership aims to enhance Advarra's capabilities in providing safe and efficient clinical trial management. Current investors Genstar Capital and Linden Capital Partners will maintain significant equity shares. The investment is set to support innovations in service and technology to facilitate faster and safer clinical trials, thereby advancing life sciences research.
Blackstone (NYSE:BX) announced that Jon Gray, President and COO, will present at Morgan Stanley’s US Financials, Payments & CRE Conference on Tuesday, June 14, 2022, at 12:00 PM ET. A live webcast of the presentation will be available on Blackstone’s website, with a replay accessible shortly after the event. As the world's largest alternative asset manager, Blackstone manages $915 billion in assets across various sectors, including private equity and real estate, aiming to create lasting value for investors and communities.
Blackstone (NYSE: BX) has successfully completed the offering of €500,000,000 in 3.500% senior notes due 2034, guaranteed by its indirect subsidiaries. The proceeds will be used for general corporate purposes. The notes were sold to qualified institutional buyers pursuant to SEC regulations, without registration under the Securities Act of 1933. In the UK and EEA, the offering targets qualified investors only, prohibiting access to retail investors. This transaction reflects Blackstone's continued strategy to strengthen its capital structure while expanding financial flexibility.
Ashcroft Capital has formed a strategic partnership with institutional investors, including funds advised by Goldman Sachs and Blackstone, to enhance its multifamily portfolio in the Sun Belt region. This partnership is anticipated to facilitate liquidity for current investors and enable Ashcroft to pursue approximately $800 million in acquisitions. Currently managing $1.9 billion in assets, Ashcroft aims to add 15 to 20 properties in 2022, focusing on value-add strategies and property enhancements.
Blackstone has announced the pricing of its €500,000,000 offering of 3.500% senior notes due 2034, guaranteed by its indirect subsidiaries. The proceeds will be utilized for general corporate purposes. The notes will be offered to qualified institutional buyers under Rule 144A in the United States and outside the U.S. under Regulation S of the Securities Act of 1933. These notes are not registered under U.S. securities laws, and therefore, cannot be offered or sold absent registration or exemption.
Blackstone (NYSE: BX) has announced plans to offer euro-denominated senior notes through its subsidiary, Blackstone Holdings Finance Co. L.L.C. The issuance is subject to market conditions and will be fully guaranteed by Blackstone and its subsidiaries. Proceeds from the offering will be used for general corporate purposes. The notes will be sold to qualified institutional buyers in the U.S. and internationally, adhering to the Securities Act of 1933 regulations. Notably, these notes are not available for retail investors in the UK or EEA.
Supergoop! and Blackstone (BX) have announced a new partnership, adding a diverse group of investors from various sectors, including entertainment and entrepreneurship. Founded in 2005 by Holly Thaggard, Supergoop! is committed to innovative SPF products. Following a majority investment from Blackstone Growth (BXG) in 2021, the brand aims to expand its global reach and raise awareness about sun protection. CEO Amanda Baldwin emphasized the importance of education and creating groundbreaking products as the company enters a new growth phase.
Blackstone Credit has appointed Abby Miller as Chief Accounting Officer and Treasurer for Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (BXSL). With over 15 years of experience, including her previous role as Chief Financial Officer at BlackRock's BDC, Miller aims to enhance operations. Blackstone's direct lending platform boasts $230 billion in credit assets, emphasizing income-focused investment opportunities in private credit. Miller's expertise is expected to bolster growth and expand access to investors.