Buyout (LBO, MBO, MBI) • Leisure

The Blackstone Group Acquires Carmel Valley Ranch

On January 1, 2005, private equity firm The Blackstone Group acquired leisure company Carmel Valley Ranch

Acquisition Context
  • This is The Blackstone Group’s 6th transaction in the Leisure sector.
  • This is The Blackstone Group’s 58th transaction in the United States.
  • This is The Blackstone Group’s 4th transaction in California.
Investment Fate
  • Carmel Valley Ranch was sold to a consortium of financial buyers in 2009 for 20M USD.

Explore All 334 Buyout (LBO, MBO, MBI) Leisure Deals - Search the Database Free


M&A Deal Summary

Date January 1, 2005
Target Carmel Valley Ranch
Sector Leisure
Buyer(s) The Blackstone Group
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Carmel Valley Ranch

Carmel-By-The-Sea, California, United States
Carmel Valley Ranch is a luxurious Carmel hotel tucked away in the lush forests of the Santa Lucia Mountains. Carmel Valley Ranch is based in Carmel-By-The-Sea, California.
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Buyer Overview 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


Deal Context for Buyer #
Overall 80 of 365
Sector: Leisure 6 of 16
Type: Buyout (LBO, MBO, MBI) 33 of 82
State: California 4 of 22
Country: United States 58 of 231
Year: 2005 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 Gerresheimer

Dusseldorf, Germany

Gerresheimer is an international packaging and systems solutions specialist, particularly in the pharmaceutical and cosmetic industries. Gerresheimer was founded in 1864 and is based in Dusseldorf, Germany.

Buy $704M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-21 Celanese

Irving, Texas, United States

Celanese is a technology and specialty materials company. Celanese producer of acetyl products for nearly all major industries, as well as a global producer of high-performance engineered polymers that are used in a variety of high-value applications. The Company's product portfolio serves a diverse set of end-use applications including paints and coatings, textiles, automotive applications, consumer and medical applications, performance industrial applications, filtration applications, paper and packaging, chemical additives, construction, consumer and industrial adhesives, and food and beverage applications. Celanese was formed in 1918 and is based in Irving, Texas.

Sell -