NIBC and the Offeror, an entity owned by the Blackstone Funds, have reached a conditional agreement on a recommended all-cash public offer for all issued and outstanding shares in the capital of NIBC at an offer price of EUR 9.85 (cum dividend) per Share in cash (the “Offer Price”).
Blackstone Infrastructure Partners (BIP) today announced that Jonathan “Jon“ Kelly, formerly Managing Partner and Head of Europe for Brookfield Infrastructure, will join Blackstone as a Senior Managing Director and Head of European Infrastructure.
Blackstone (NYSE:BX) announced today that Michael Chae, Chief Financial Officer, is scheduled to present at the Credit Suisse 21st Annual Financial Services Forum on Thursday, February 27, 2020 at 10:00 am ET.
MGM Resorts International ("MGM Resorts") (NYSE: MGM), MGM Growth Properties LLC ("MGP") (NYSE: MGP) and Blackstone Real Estate Income Trust ("BREIT") today announced the closing of the previously announced transaction for a joint venture formed between MGP and BREIT to acquire the Las Vegas real estate assets of the MGM Grand and Mandalay Bay for $4.6 billion. In addition, BREIT has purchased approximately 4.9 million MGP Class A shares at a price of $30.67 per share.
Blackstone (NYSE:BX) announced that Ann Chung has joined the firm as a Managing Director in its Growth Equity investing platform, Blackstone Growth (“BXG”), where she will help to lead the group’s consumer sector vertical.
Blackstone (NYSE: BX) today announced that funds managed by Blackstone Tactical Opportunities (“Tac Opps”) have completed the successful recapitalization of Phoenix Tower International (“PTI”), a leading provider of wireless communications infrastructure.
Blackstone today announced that John Stecher, formerly Group Chief Technology Officer and Group Chief Innovation Officer at Barclays, will join the firm as Chief Technology Officer. John will lead Blackstone’s global technology organization and help advise the firm’s investing teams and portfolio companies on technology-related matters.
To view the full report please click the following link – Blackstone’s fourth quarter and full year 2019 results. Blackstone will host its fourth quarter and full year 2019 investor conference call on January 30, 2020 at 9:00 a.m. ET.
LAS VEGAS & NEW YORK, January 14, 2020 -- MGM Growth Properties LLC (“MGP”) (NYSE: MGP) and Blackstone Real Estate Income Trust, Inc. (“BREIT”) today announced that MGP and BREIT have entered into a definitive agreement to form a new joint venture to acquire the Las Vegas real estate assets of the MGM Grand and Mandalay Bay for $4.6 billion. In addition, BREIT will purchase $150 million in MGP Class A shares. MGP will own 50.1% of the joint venture, and BREIT will own 49.9%.
New York, January 14, 2020—Blackstone (NYSE:BX) today announced that Gilles Dellaert, former Co-President and Chief Investment Officer of Global Atlantic, a leading retirement and life insurance company, will join the firm as the Global Head of Blackstone Insurance Solutions (BIS).
New York, January 6, 2020 – Byron R. Wien, Vice Chairman together with Joe Zidle, Chief Investment Strategist in the Private Wealth Solutions group at Blackstone, today issued their list of Ten Surprises for 2020.
London, United Kingdom, December 3, 2019 – HH Global (the “Company”), a leading global outsourced marketing execution provider, has reached an agreement with funds managed or advised by Blackstone Tactical Opportunities in relation to a £100m strategic minority equity investment in HH Global. Subject to receipt of relevant antitrust approvals, Blackstone’s investment is expected to complete in the first quarter of 2020.
New York, November 25, 2019 – Blackstone (NYSE:BX) announced today that Stephen Schwarzman, Chairman, CEO and Co-Founder, is scheduled to present at the Goldman Sachs Financial Services Conference on Tuesday, December 10, 2019 at 12:50PM ET.
Ferring Pharmaceuticals and Blackstone Life Sciences today announced the joint investment of over $570 million USD in nadofaragene firadenovec (rAd-IFN/Syn3), an investigational novel gene therapy in late stage development for patients with high-grade, Bacillus Calmette-Guérin (BCG) unresponsive, non-muscle invasive bladder cancer (NMIBC).
New York and Las Vegas – Blackstone Real Estate Income Trust (“BREIT”) and MGM Resorts International (“MGM Resorts”) (NYSE: MGM) today announced the closing of the previously announced 95%/5% BREIT-led joint venture with MGM Resorts to acquire the real estate assets of the Bellagio for $4.25 billion in a sale-leaseback transaction.
Blackstone (NYSE:BX) announced today that funds managed by Blackstone ("Blackstone") are taking a majority stake in MagicLab, which builds and operates leading dating and social networking apps, including Bumble and Badoo.
Blackstone (NYSE:BX) announced that private equity funds managed by Blackstone ("Blackstone") have partnered with Aakash Educational Services Limited (“AESL”), to build India’s largest digitally enabled, omni-channel education company.