Blackstone Inc Stock Price, News & Analysis

Blackstone Real Estate Income Trust (BREIT) has successfully acquired Simply Self Storage from a Brookfield Asset Management fund for approximately $1.2 billion. This acquisition adds eight million square feet of high-quality storage space across the U.S., positioning BREIT as the third largest non-listed storage owner in the country. Notably, the transaction was first announced on October 26, 2020. BREIT, an institutional quality real estate investment platform, focuses on stabilized income-generating U.S. commercial real estate.

Blackstone (NYSE: BX) has made a significant minority investment in ISN, a global leader in contractor and supplier management software, valued at over $2 billion. This investment, led by Blackstone Growth (BXG), aims to leverage Blackstone's resources to support ISN's growth through innovation and market expansion. ISN's platform, ISNetworld, is used by over 650 clients, including 170 Fortune 500 companies, to manage compliance with safety and regulatory standards for more than 75,000 contractors in 85 countries.

Blackstone (NYSE: BX) announced the acquisition of a 2.3 million square foot lab office portfolio from Brookfield Asset Management for $3.45 billion. This deal, expected to close in Q1 2021, will position Blackstone as the largest life science office owner in Cambridge, Massachusetts, where 90% of the portfolio is located. With this acquisition, BioMed Realty's enterprise value will rise to approximately $20 billion, consolidating two-thirds of its assets in the fast-growing Boston/Cambridge market. This move underscores Blackstone's commitment to the life sciences sector.

Blackstone has successfully completed the acquisition of Ancestry for an enterprise value of $4.7 billion. This acquisition positions Blackstone to leverage Ancestry’s leadership in digital family history services across 30 countries and its subscriber base of over 3.6 million, generating annual revenues exceeding $1 billion. Notably, GIC retains a minority stake in Ancestry. Ancestry’s President & CEO, Margo Georgiadis, plans to depart by the end of 2020, with a new CEO expected to be announced in early 2021, aiming to enhance growth and innovation.

Blackstone (NYSE:BX) announced its acquisition of DCI, a leader in quantitative credit investing with $7.5 billion in AUM. This deal enhances Blackstone Credit's capabilities in high yield and investment grade sectors, integrating DCI's technology-driven models and increasing investor access via a UCITs platform. DCI's experienced team, recognized in quantitative fixed income research, will benefit from Blackstone's extensive resources, aiming to deliver differentiated returns for clients. This strategic move is expected to bolster Blackstone's presence in the corporate credit market.

Blackstone (NYSE: BX) has led a significant investment and recapitalization in Precision Medicine Group (PMG), enhancing its role in drug development and commercialization services. This partnership involves participation from PMG co-founders and existing investors including Berkshire Partners and TPG Growth. The investment aims to expand PMG's global capabilities, facilitating faster approval and market reach for innovative therapies. Blackstone's expertise in drug development is expected to add value to PMG's mission of improving health outcomes.

Blackstone (NYSE:BX) announced that Stephen Schwarzman, Chairman, CEO, and Co-Founder, will present virtually at the Goldman Sachs 2020 US Financial Services Conference on December 9, 2020, at 12:40 PM. A live webcast will be available on the Shareholders section of Blackstone's website, with a replay accessible shortly after the event. Blackstone manages $584 billion in assets, investing across various sectors including private equity and real estate, focusing on long-term value creation for investors and communities.

Blackstone (NYSE: BX) has entered a definitive agreement to acquire Therma Holdings LLC, a mechanical, electrical, and controls services company, enhancing its commitment to cleaner energy solutions. Therma's workforce of 2,200 focuses on improving energy efficiency across sectors like technology and healthcare. Additionally, Blackstone is acquiring RE Tech Advisors, which will integrate into Therma, expanding its sustainability services. This acquisition aligns with Blackstone's goal of a 15% carbon emissions reduction across new investments. The deal is expected to close in Q4 2020, pending regulatory approvals.