Blackstone Inc Stock Price, News & Analysis

Blackstone Mortgage Trust (NYSE:BXMT) announced a public offering of 10 million shares of its Class A common stock, with an option for underwriters to purchase an additional 1.5 million shares within 30 days. The net proceeds will support working capital and the origination of more commercial mortgage loans. Major underwriters include Morgan Stanley, BofA Securities, and Citigroup. This offering is part of the Company’s effective shelf registration statement filed with the SEC.

Dynamo Software announced a strategic investment agreement with Blackstone Growth and further reinvestment from existing investor Francisco Partners. This investment aims to support Dynamo's expansion into new global markets and enhance product development for the alternative investment management sector, where it serves over 1,000 clients. The transaction is expected to close in Q4, subject to regulatory approvals. Financial terms were not disclosed.

Blackstone (NYSE: BX) announced the appointment of three senior leaders in its $163 billion credit business, Blackstone Credit. Carlos Whitaker, previously from Credit Suisse, will serve as President of both Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (BXSL). Kate Rubenstein is appointed COO of BCRED and BXSL, transitioning from the Portfolio Operations Group. Chris Sullivan joins as Head of Sponsor Coverage from Barclays. The appointments aim to enhance sourcing investment opportunities and support portfolio companies amid growing demand for private credit products.

The Chamberlain Group, a leader in smart access solutions, is being sold to private equity funds managed by Blackstone for approximately $5 billion. Upon closing, Chamberlain will remain privately held, with The Duchossois Group retaining ownership and two board seats. Blackstone aims to enhance Chamberlain's software-based services and expand into new markets, including commercial and automotive sectors. The deal, pending regulatory approval, is expected to finalize by the end of 2021.

On August 31, 2021, Blackstone announced the completion of its $10 billion acquisition of QTS Realty Trust, integrating the company into its investment portfolio. The acquisition aligns with Blackstone's strategy focused on data proliferation and positions QTS for long-term growth in the data center sector. QTS's common stock and preferred shares will cease public trading. Blackstone aims to leverage QTS's management team to enhance operations amidst rising demand for data centers.

DECA Dental Group has announced a strategic investment from Blackstone Tactical Opportunities (NYSE: BX) to fuel its expansion across the U.S. This partnership aims to enhance DECA’s ability to provide high-quality, patient-centric dental care. Founded in 2008 in Dallas, DECA operates nearly 100 affiliated practices in Texas, Florida, and Washington. Dr. Sulman Ahmed, the company's founder, emphasized the investment will aid in scaling their successful care model. Blackstone's Todd Hirsch notes DECA's unique platform driven by its dentist-led leadership.

Liftoff and Vungle have announced a definitive agreement to merge, creating one of the world's largest independent mobile growth platforms. This merger aims to enhance user acquisition, engagement, monetization, and analytics within the $500 billion global mobile app ecosystem. Liftoff's CEO, Mark Ellis, will lead the combined entity, while Jeremy Bondy from Vungle will serve as President. Backed by Blackstone, the merger is expected to close by the end of September, paving the way for accelerated growth and innovation in mobile advertising.

Landmark Properties has partnered with Blackstone Real Estate Income Trust (BREIT) to recapitalize eight student housing assets totaling $784 million and comprising 5,416 beds across the U.S. This joint venture enhances Landmark's portfolio, which now includes 79 student communities. Landmark's focus on high-quality student housing in prime markets reflects a strategic investment, aiming for strong cash flows and growth potential. Blackstone's investment strategy aligns with acquiring resilient, income-generating properties.

Harmony Biosciences (Nasdaq: HRMY) and Blackstone (NYSE: BX) announced a strategic financing collaboration worth up to $330 million. The deal includes $300 million in debt capital and a $30 million equity investment. The financing will enable Harmony to expand its portfolio focused on rare neurological diseases and reduce its annual interest expenses. The initial $200 million term loan proceeds will primarily be used to eliminate existing debt, significantly lowering Harmony's capital costs. This partnership aims to enhance the company's growth trajectory in the pharmaceutical sector.