Blackstone Inc Stock Price, News & Analysis

Blackstone Tactical Opportunities and Blackstone Infrastructure Partners have announced an investment in Hotwire Communications, a leading fiber-to-the-home provider in the U.S. Hotwire, co-founded in 2000, delivers high-speed internet and telecommunication services across Florida, Georgia, and the Carolinas. With accolades for consumer satisfaction and speed, Hotwire is positioned for growth amidst increasing demand for fiber connectivity. Blackstone aims to leverage its resources to enhance Hotwire’s expansion in the rapidly evolving digital market.

Vectra AI announced a $130 million funding round led by Blackstone Growth (BXG), boosting total funding to over $350 million at a $1.2 billion valuation. This investment aims to enhance Vectra’s AI-driven cloud security platform, Cognito, amid rising cyber threats exemplified by recent major breaches. Vectra reported a compound annual growth rate (CAGR) exceeding 100% in 2020, with sales of Cognito Detect growing over 700%. Vectra emphasizes the need for innovative cybersecurity solutions as attacks become increasingly sophisticated.

Blackstone (NYSE: BX) has appointed Yifat Oron as Senior Managing Director to lead its new office in Tel Aviv, focusing on growth and tech investments. Oron, with over 20 years of experience in tech investment and executive leadership, previously served as CEO of LeumiTech. Blackstone Growth (BXG) recently closed its inaugural $4.5 billion growth equity fund, the largest of its kind. Oron will leverage Blackstone's extensive resources to support Israeli entrepreneurs and enhance the firm's presence in this promising market.

Blackstone (NYSE: BX) has appointed Paul Morrissey as Managing Director to lead investment efforts in Europe for Blackstone Growth (BXG). This newly established role comes after BXG secured a record-breaking $4.5 billion growth equity fund, its largest first-time vehicle. Morrissey, formerly with Battery Ventures, aims to enhance BXG's partnerships with fast-growing European companies.

Blackstone (NYSE: BX) has agreed to acquire Sabre Industries from The Jordan Company, focusing on the energy transition. Sabre, based in Texas, designs and manufactures essential infrastructure for electrical utilities and telecom sectors. This acquisition aims to enhance the U.S. electrical grid and expand telecom networks. Post-acquisition, Sabre will operate independently with its current leadership. Blackstone Energy Partners has a strong track record in energy investments, aiming to improve energy reliability and affordability. The transaction is expected to close in Q2 2021.

GeoComply Solutions has secured its first institutional investment through a definitive agreement with Blackstone Growth and Atairos. This partnership aims to accelerate GeoComply's growth in geolocation compliance technology, which is critical for the online gaming and sports betting industries. The funding will enable the company to expand into new markets while enhancing its existing core operations. With a strong track record and market leadership, GeoComply is positioned for significant growth, supported by the expertise and guidance of its new institutional partners.

Blackstone (NYSE: BX) has announced the final closing of Blackstone Growth (BXG), its first growth equity fund, at a hard cap of $4.5 billion. The fund was oversubscribed and attracted investments from diverse sources including family offices, pension funds, and high-net-worth individuals, marking it as the largest first-time growth equity fund ever raised.

Since its inception in 2020, BXG has made significant investments in companies like Bumble and Oatly. BXG aims to support growth-stage entrepreneurs by providing a concentrated portfolio approach and access to Blackstone's extensive resources.

Blackstone (NYSE: BX) has agreed to acquire DESOTEC, a prominent European environmental service company, from EQT. This investment aligns with Blackstone's strategy of investing in market-leading firms for the long term. Based in Roeselare, Belgium, DESOTEC specializes in circular filtration solutions using activated carbon technology. The company operates Europe’s largest fleet of mobile filters, serving various industrial applications. Blackstone's leadership emphasizes the growth potential linked to increasing environmental responsibility, signaling a strong commitment to supporting DESOTEC's expansion.