Investment Summary

The Blackstone Group Invests In The PMI Group

On September 2, 2015, private equity firm The Blackstone Group invested in insurance company The PMI Group

Investment Highlights
  • This is The Blackstone Group’s 7th transaction in the Insurance sector.
  • This is The Blackstone Group’s 123rd transaction in the United States.
  • This is The Blackstone Group’s 8th transaction in California.

Investment Summary

Date 2015-09-02
Target The PMI Group
Sector Insurance
Investor(s) The Blackstone Group
Deal Type Stake Purchase
Advisor(s) Solomon Partners (Financial)
Skadden, Arps, Slate, Meagher & Flom LLP (Legal)

Target

The PMI Group

San Ramon, California, United States
website
The PMI Group is a holding company of a residential mortgage insurance provider operating through its primary subsidiary, PMI Mortgage Insurance Co., which is headquartered in Arizona.

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Investor(S) 1

Investor

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B 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 City.


DEAL STATS #
Overall 193 of 305
Sector (Insurance) 7 of 10
Type (Stake Purchase) 43 of 49
State (California) 8 of 18
Country (United States) 123 of 193
Year (2015) 9 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-21 Stearns Lending

Lewisville, Texas, United States

Stearns Lending LLC is a provider of mortgage lending services in Wholesale, Retail, Correspondent, and Strategic Alliances sectors throughout the United States. Stearns Lending LLC was founded in 1989 and is based in Lewisville, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-10 CMS Info Systems Pvt.

Mumbai, India

CMS Info Systems Pvt. Ltd. provides IT & outsourced business services across India. The company offers a wide bouquet of services across the value chain, focusing on retail banks, insurance, telecom, retail, PSU and Government segments. CMS Info Systems Pvt. Ltd. formed by CMS Computers Ltd along with Blackstone in 2008.

Sell $301M