Welcome to our dedicated page for Blackstone news (Ticker: BX), a resource for investors and traders seeking the latest updates and insights on Blackstone stock.
Blackstone Inc. (NYSE: BX) generates frequent news coverage as the world’s largest alternative asset manager, and its announcements highlight activity across real estate, private equity, credit, infrastructure and energy-related investments. This news page aggregates updates drawn from Blackstone’s own releases and regulatory disclosures so readers can follow how the firm deploys capital and manages its portfolio.
Recent items illustrate the breadth of Blackstone’s activity. Funds managed by Blackstone’s private equity strategy for individual investors became the sole institutional investor in AIR Control Concepts, a commercial HVAC, electrical and controls platform operating across numerous U.S. states and Canada. Blackstone Energy Transition Partners and other Blackstone funds acquired Alliance Technical Group, an environmental testing, monitoring and compliance services provider, and announced a majority ownership position in a combined MacLean Power Systems and Power Grid Components platform serving the electrical grid.
Other news features include Blackstone Energy Transition Partners’ investment in Wolf Summit Energy, a combined-cycle natural gas power generation facility in West Virginia, as well as a strategic partnership with Phoenix Financial focused on corporate, real estate and asset-based credit. Blackstone Credit & Insurance has also announced a forward flow origination partnership with Harvest Commercial Capital to acquire small business loans secured by first lien mortgages on owner-occupied commercial real estate.
In addition, Blackstone issues updates on capital markets activity, such as senior notes offerings by an indirect financing subsidiary, and appearances at financial conferences. Investors and observers can use this page to review earnings-related releases, financing transactions, major investments, partnerships and leadership appointments connected to Blackstone’s global alternative asset management business.
ZO Skin Health, a premium skincare brand, announced a majority stake acquisition by funds managed by Blackstone Tactical Opportunities. The terms of the transaction remain undisclosed. Founded in 2007 by Dr. Zein Obagi, ZO focuses on delivering high-quality skincare products globally. Blackstone's involvement aims to enhance ZO's growth and strengthen its market position in the professional skincare industry.
Blackstone has successfully completed an offering totaling $900 million, consisting of $500 million in 1.600% senior notes due in 2031 and $400 million in 2.800% senior notes due in 2050. These notes are fully guaranteed by The Blackstone Group and its subsidiaries. The proceeds will be utilized for general corporate purposes. The notes are offered under Rule 144A and Regulation S of the Securities Act of 1933, and they remain unregistered, prohibiting sales in the U.S. without proper registration or exemption.
GridLiance announced the appointment of Mark S. Laufman as executive vice president, chief legal officer, and secretary, effective immediately. He succeeds N. Beth Emery, who will retire on December 31, 2020 after over 40 years in the energy legal sector. Laufman, who has over 30 years of experience in energy law, previously advised GridLiance since December 2019. Emery will continue as a senior advisor post-retirement. The transition is set to bolster GridLiance's market position, benefiting from Laufman's industry connections and legal expertise.
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Loanpal, the leader in residential solar financing, announced a commitment from Blackstone to invest up to $300 million in residential solar loans. This financing aims to provide solar systems for 10,000 homeowners, significantly reducing their carbon footprints. Loanpal has financed over 130,000 solar systems, generating over 1 Tera Watt Hour of carbon-free energy annually. The partnership highlights the growing demand for renewable energy and positions Loanpal for further expansion in the U.S. market.
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