All articles tagged with #blackstone
Blackstone's global co-head of real estate, Kathleen McCarthy, is leaving after 15 years, with Nadeem Meghji set to become the sole global head of the firm's real estate practice, as the company continues to focus on its extensive and diverse real estate portfolio.
Blackstone has hired the head of Apollo's European buyout team, signaling a strategic move in the private equity sector, though specific details of the hire are not provided in the article.
Blackstone reported strong earnings and revenue exceeding expectations but saw a significant decline in net income and missed asset under management targets, leading to a drop in stock price despite positive dividend and fee-related income growth.
Blackstone and TPG are collaborating on an $18.3 billion deal to take Hologic private, marking a significant move in the private equity landscape.
Blackstone and TPG are set to acquire Hologic for up to $18.3 billion, including debt, at a 15% premium, with minority stakes taken by Abu Dhabi Investment Authority and GIC, highlighting active private equity dealmaking in the healthcare sector.
Hologic is set to be acquired by Blackstone and TPG for up to $79 per share, including a $76 cash payment and a contingent value right of up to $3 per share, in a deal valued at approximately $18.3 billion, aimed at strengthening its leadership in women's health and accelerating growth.
Blackstone warns that Wall Street is underestimating the disruptive potential of AI, highlighting concerns about complacency in the financial sector regarding technological advancements.
Blackstone and TPG are in advanced negotiations to acquire Hologic for over $17 billion, with a potential deal announcement soon, though the final agreement is not yet confirmed.
The US announced a record £150bn investment in the UK during President Trump's visit, expected to create over 7,600 jobs across various sectors, with major contributions from Blackstone, Microsoft, Google, and others, signaling strong economic ties and growth opportunities.
During a drought in the UK, residents expressed frustration as Blackstone CEO Stephen Schwarzman used water to fill a private lake on his estate, leading a local water company to halt deliveries, despite no violation of restrictions, highlighting tensions between private water use and community needs.
Blackstone is set to acquire energy data platform Enverus from Hellman & Friedman and Genstar Capital for over $6 billion, in one of its largest deals this year, valuing the company at potentially $6.5 billion including earnouts, as Enverus continues to play a critical role in energy analytics amid the energy transition.
Blackstone is set to acquire Enverus, a leading energy data analytics platform, from Hellman & Friedman and Genstar Capital, aiming to accelerate its growth in AI-driven energy solutions and market expansion, with the deal expected to close by year's end.
LePatner, a prominent Blackstone executive and advocate for women in finance, was tragically killed in a shooting incident that was unrelated to her professional role, highlighting her influence as a mentor and leader in the industry. The shooter was there for unrelated reasons, and her death was a tragic accident. She was remembered for her integrity, support for women, and civic leadership.
Private equity firms like Blackstone are partnering with Vanguard and Wellington to offer private assets to retail investors through retirement accounts, aiming to tap into the $29 trillion in U.S. retirement savings, despite concerns about higher fees, liquidity risks, and market volatility. This shift could democratize access to private investments but comes with significant risks for ordinary investors.
Blackstone's stock surged following strong second-quarter earnings that exceeded expectations, boosting investor confidence in the firm's financial performance.