On July 15, 2019, Blackstone announced its plans to acquire Vungle, a leading mobile performance marketing platform. Blackstone Group IncGSO Capital Partners LPBlackstone Management Partners L.L.C.Clarus Ventures LLCBlackstone Alternative Solutions L.L.C.Blackstone Real Estate Advisors L.P.Havest Fund Advisors LLC, Blackstone Group Inc holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Blackstone Group Inc 13F filings. Such forward-looking statements are subject to various risks and uncertainties. For investor relations contact information or to receive email notifications for SEC filings, events, end of day stock quotes, and financial reports, please visit our Investor Relations page. Holders will also receive accrued and unpaid interest on the Notes validly tendered and accepted for purchase from the March 15, 2019 interest payment date up to, but not In October 1991, Blackstone and Silverman added Days Inns of America for $250 million. Ltd. On November 18, 2019, Blackstone Real Estate Income Trust, Inc. acquired the Bellagio resort in Las Vegas, Nevada from MGM Resorts in a sale-leaseback transaction. There are people who are non-U.S., in foreign countries; they can't buy us either.". press release does not constitute a notice of redemption under such indenture Notes. [87], In December 2009, Blackstone acquired Busch Entertainment Corporation from Anheuser-Busch InBev for $2.9 billion. [147] From 1987 to its IPO in 2007, Blackstone invested approximately $20 billion in 109 private equity transactions. [24], Blackstone's most notable investments include Allied Waste,[47] AlliedBarton Security Services, Graham Packaging, Celanese, Nalco, HealthMarkets, Houghton Mifflin, American Axle, TRW Automotive, Catalent Pharma Solutions, Prime Hospitality, Legoland, Madame Tussauds,[148] Luxury Resorts (LXR), Pinnacle Foods, Hilton Hotels Corporation, Motel 6, Apria Healthcare, Travelport, The Weather Channel (United States) and The PortAventura Resort. Remaining proceeds will be used for general corporate purposes. IRS Notice 2019-46 and Notification is now available here. Ltd. On November 18, 2019, Blackstone Real Estate Income Trust, Inc. acquired the, On November 25, 2019, Reuters reported that Blackstone planned to invest $400 million in a. The two founders, who had previously run the mortgage-backed securities divisions at First Boston and Lehman Brothers, respectively, initially joined Blackstone to manage an investment fund and provide advice to financial institutions. Blackstone Group Inc Form Current report. (the “Issuer”), an [91], Blackstone operates through four primary departments: private equity; real estate; hedge funds; and credit. We're the largest by far of everybody in that business," Schwarzman said. ESG principles have always been core to our values as a firm. In March 2018, Blackstone Real Estate Income Trust, Inc. acquired a 22 million square foot portfolio of industrial properties from Cabot Properties for $1.8 billion. for $3.5 billion. Switchboard: +1 (212) 583-5000. - October 27, 1997", The Loewen Group and Blackstone Capital Partners form corporate venture to acquire Prime Succession, Loewen And Blackstone To Make Joint Purchase, Loewen Buys Big Cemetery, And Its Suitor Criticizes Deal, Red-Hot Revival in Real Estate; Overheating Is Feared With Surge in Vulture Investing, "Blackstone Group Creates Buyout Fund for $4 Billion", A.I.G. The notes will be offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Our businesses, with $545 billion in assets under management, At Lehman, Schwarzman served as head of Lehman Brothers' global mergers and acquisition… To view recent press releases, click here. The Blackstone Group Inc. operates as an investment company. 2021 Notes that remain outstanding thereafter and to pay related fees and expenses. Blackstone Property Partners (BPP) recently purchased a 49% stake in Hudson Pacific Properties’ (HPP) Hollywood Media Portfolio, the largest full-scale independent studio operation in the U.S. United States, Blackstone Agrees to Buy Office Leased to Roku for $275 Million, Ex-Airbnb, Blackstone CFO Nears $750 Million for Fund, Silver Lake Co-Founder Roux to Raise Fund With Blackstone Alum, Blackstone Joins Rush to Miami With Office for Technology Staff, Blackstone Seeks Payout From Bumble Loan Amid Online Dating Boom, Blackstone’s Berman Predicts a Trump-Biden Tie: Campaign Update, Blackstone’s China Real Estate Head Tim Wang Is Said to Leave, Blackstone Said to Near $2.3 Billion Precision Medicine Buyout, Blackstone Backs Algorithm-Led Insuring in $500 Million Deal, Blackstone, Partners Group Said In Race to Buy Piramal Glass, Blackstone Said to Boost Mobile-Home Bet With $550 Million Deal, Blackstone and GIP Said to Make Offer for Kansas City Southern, Blackstone Gets Back Into Rental Houses With Tricon Deal, Blackstone Is Said to See $5 Billion Windfall on Cheniere Sale, Real Estate Investors Skip Paying Loans While Raising Billions, GridLiance's N. Beth Emery Honored with Silver Stevie® Lifetime Achievement Award for Women in Business, Yes on 21: Big Real Estate’s No on Prop. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this In 2018, the remainder of the company was sold to Byron Allen for $300 million. Blackstone finished the day with a trading volume of 28 million shares. var tableid = 'hldtable'; This press release is being issued pursuant to and in accordance with Rule 135c under the [83], On June 21, 2007, Blackstone became a public company via an initial public offering, selling a 12.3% stake in the company for $4.13 billion, in the largest U.S. IPO since 2002.[13][84]. Bain and Blackstone narrowly beat out, Travelport, the parent of the travel web site Orbitz.com, was acquired from, In October 2006 Blackstone, together with. It denied blame, although Blackstone was widely accused in the media for selling on the company with an unsustainable business model and crippled with an impossible sale and leaseback strategy. Schwarzman credited Blackstone's growth with its ability to diversify its investments, keeping the firm's strategies "the right size," he said. Investment firm Blackstone will become a corporation in July, shifting from its current status as a publicly traded partnership. which reflect our current views with respect to, among other things, our operations, taxes, earnings and financial performance, share repurchases and dividends. (the “Company”) if (i > from && i <= to) { On October 23, 2019, The Blackstone Group Inc. issued a press release and detailed presentation announcing financial results for its third quarter ended September 30, 2019. Item 9.01 Financial Statements and Exhibits. for(var i = 0; i < trs.length; i++) { Stockman led many key deals in his time at the firm, but had a mixed record with his investments. GSO will initially commit $250 million to fund ClearGen and expects to expand the commitment as capital is deployed. [17]:225 The involvement of seven firms in the consortium was criticized by investors in private equity who considered cross-holdings among firms to be generally unattractive. This announcement is not an offer to purchase or a solicitation of an offer to sell any securities and shall not constitute a notice of redemption under the indenture governing the Haynes and Republic Technologies International, both had problems and ultimately filed bankruptcy. [149], In 2012, Blackstone acquired a controlling interest in Utah-based Vivint, Inc., a home automation, security, and energy company. trs[i].className = 'showrow'; Blackstone advised on the 1987 merger of investment banks E. F. Hutton & Co. and Lehman Brothers, collecting a $3.5 million fee. Get this delivered to your inbox, and more info about our products and services. © 2020 CNBC LLC. Shareholder Tax Package Information. be eligible to receive in cash the Notes Consideration described below. After resistance of residents and questions regarding the legality of the purchase agreement, Blackstone withdrew from it in October 2019. In January 2008, Blackstone made a small co-investment alongside TPG Capital and Apollo Management in their buyout of Harrah's Entertainment, although that transaction had been announced during the buyout boom period. The Company focuses on real estate, hedge funds, private equity, leveraged lending, senior debts, and rescue financing. applicable exemption from the registration requirements of the Securities Act of 1933 and applicable state laws. VIDEO 4:14 04:14 Do Too Many Cooks Spoil the Takeover Deal? var trs = table.getElementsByTagName('tr'); During the financial crisis of 2007–2008, Blackstone managed to close only a few transactions. } Brown serves as chair of WilmerHale’s Financial Institutions Group, among other roles at the firm. release and in our other periodic filings. In February 2016, Blackstone sold four office buildings to, In April 2016, Blackstone acquired 84 percent of, On June 19, 2017, Blackstone acquired a majority interest in, In July 2017, the company announced an investment in, In January 2018, the company acquired Pure Industrial, a Canadian, In January 2018, the company announced acquisition agreement for 55% of. [53], With a significant amount of capital in its new fund, Blackstone was one of a handful of private equity investors capable of completing large transactions in the adverse conditions of the early 2000s recession. Securities Act of 1933. The program encourages increased collaboration among local business leaders with the goal of retaining high-growth companies in the state. 345 Park Avenue Date of Report (Date of earliest event reported): September 3, 2019, (Exact name of Registrant as specified in its charter), (Registrant’s telephone number, including area code), (Former name or former address, if changed since last report). [29] In June 1989, Blackstone acquired freight railroad operator, CNW Corporation. Stanley at 800-624-1808 (toll-free) or 212-761-1057 (collect). The firm has $512 billion in assets under management as of the latest quarterly report. The Company has engaged Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC to act as joint lead dealer managers in connection with the tender offer, and has On September 3, 2019, Blackstone issued a press release announcing that the Issuer has commenced a cash tender offer to purchase any and all of its 5.875% Senior Notes due In November 2019, a consortium of long-term investors including KIRKBI, Blackstone and Canadian Pension Plan Investment Board acquired Merlin Entertainments. [32] That same year, Blackstone formed a partnership with J. O. Hambro Magan in the UK and Indosuez in France. 21 Campaign Keeps Trying to Trick and Confuse California Voters. Current report Blackstone Group Inc 8-K - Current report. [21][22], From the outset in 1985, Schwarzman and Peterson planned to enter the private equity business, but had difficulty in raising their first fund because neither had ever led a leveraged buyout. L.L.C., its indirect subsidiary. New York, September 3, 2019 - Blackstone (NYSE: BX) today announced its intention to offer, subject to market and other conditions, senior notes of Blackstone Holdings Finance Co. Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following commencement of the tender offer; provided, however, that if the Company is required by law to permit withdrawal, then previously tendered Notes may be validly withdrawn to the extent required. If any Notes remain outstanding after the Link to 13F filings: SEC filings, .htable { font-family: Arial; font-size: 13px; border-bottom: 1px dotted #666666; width: 646px; }

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