The Blackstone Group Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, The Blackstone Group has acquired 37 companies. It has also invested in 9 others.

The Blackstone Group’s most common sectors for investment arecommunications (8%) and internet software and services (7%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (24%) and secondary buyout (23%). In total, The Blackstone Group has invested in 30 US states and 27 different countries. Its largest (disclosed) acquisition occurred in 2021 when it acquired Medline Industries for $34.0B.

In the last 3 years, The Blackstone Group has exited 26 companies. The Firm’s most common exit type is trade sale (39%). The Blackstone Group’s largest (disclosed) exit occurred in 2019 when it sold Refinitiv for $27.0B.

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M&A Summary

  • M&A Total Activity485
    • M&A Buy Activity318
    • M&A Sell Activity167
  • Total Sectors Invested 55
  • Total Countries Invested 27
  • M&A Buy/Sell Connections 169
  • M&A Advisors 68

The Blackstone Group

Blackstone Inc.

345 Park Avenue,
New York, New York 10154-0191
United States
(212) 583-5000
www.blackstone.com

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.


Investment Criteria

Sectors of Interest: Agriculture, Airlines, Apparel/Textiles, Automotive, Beverages, Building Materials, Business Services, Chemicals, Communications, Construction, Consumer Products, Consumer Services, Digital Media, Distribution, E-Commerce, Electrical Equipment, Electronics, Energy Services and Equipment, Environmental, Financial Services, Food, Franchising, Gaming, Healthcare Services, Information Technology, Insurance, Internet Software and Services, Leisure, Life Science, Machinery, Manufacturing, Marine, Marketing, Media, Medical Products, Metals/Mining, Oil/Gas Exploration, Packaging, Publishing, Real Estate, Renewable Energy, Restaurants, Retail, Safety/Security, Semiconductors, Software, Staffing, Technology Hardware, Transportation, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Going Private, Growth Capital, Recapitalization, Special Situations/Distressed, PIPE, Secondary Buyout, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Nordic, Asia/Pacific, Australia/New Zealand, Central Asia/India

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 50 -
Enterprise Value 250 -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (11.6/yr) # 260 12 26 10 7 3 318
vol $365.7B $4.7B $70.4B $26.8B $6.9B $10.0B $484.5B
Sell (6.8/yr) # 136 8 16 8 2 - 170
vol $134.9B $14.6B $13.2B $6.3B $740M $169.8B
  488

Most Recent M&A

Company Date Value Type
Apartment Income REIT Corp. 2024-04-08 10.0B USD Going Private
Denver, Colorado · www.aircommunities.com
Brew Culture LLC 2024-02-14 - Growth Capital
Fayetteville, Arkansas · www.7brew.com
Salas O'brien Engineers, Inc. 2024-01-22 - Growth Capital
San Jose, United States · www.salasobrien.com
Sony Payment Services, Inc. 2023-12-22 - Divestiture
Tokyo, Japan
Power Grid Components, Inc. 2023-12-05 - Secondary Buyout
Bessemer, Alabama · www.powergridcomponents.com
Rover, Inc. 2023-11-29 2.3B USD Going Private
Olympia, Washington · www.rover.com
Civica PLC 2023-11-22 - Secondary Buyout
London, United Kingdom · www.civicaplc.com
Energy Exemplar Pty Ltd. 2023-10-31 - Secondary Buyout
Adelaide, Australia · www.energyexemplar.com
New Tradition Media LLC 2023-06-12 - Buyout (LBO, MBO, MBI)
New York, New York · www.newtradition.com
MB Aerospace Holdings Ltd. 2023-06-05 740M USD Trade Sale
Motherwell, United Kingdom · www.mbaerospace.co.uk
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Lombard International Assurance SA 2014-07-11 Axcelus Financial Life Insurance Co. 2023-11-30 1
Luxembourg, Luxembourg · www.lombardinternational.com Philadelphia, Pennsylvania · www.axcelus.com
Center for Autism and Related Disorders, LLC 2018-04-13 Rivermont and Your Life ABA 2023-08-25 1
Plano, Texas · www.centerforautism.com , Virginia
Desotec N.V 2021-03-18 Evoqua - Carbon Reactivation and Exchange Services Business 2023-06-16 1
Roeselare, Belgium · www.desotec.com Pittsburgh, Pennsylvania
UKG, Inc. 2007-03-23 Immedis 2023-06-06 22
Lowell, Massachusetts · www.ukg.com Dublin, Ireland · www.immedis.com
Schenck Process Holding GmbH 2017-09-21 Schenck Process LLC 2023-05-24 2
Darmstadt, Germany · www.schenckprocess.com Kansas City, Missouri
Renaissance Learning, Inc. 2018-05-03 GL Education Group Ltd. 2023-02-21 5
Wisconsin Rapids, Wisconsin · www.renaissance.com Brentford, United Kingdom · www.gl-education.com
Incenter LLC 2016-02-10 Agents National Title Insurance Co. 2023-02-02 2
Fort Washington, Pennsylvania · www.incenterms.com Columbia, Missouri · www.agentstitle.com
Incenter LLC 2016-02-10 Boston National Title Agency LLC 2023-02-02 1
Fort Washington, Pennsylvania · www.incenterms.com Charlotte, North Carolina · www.bostonnationaltitle.com
Simplilearn Solutions Pvt. Ltd. 2021-07-19 Fullstack Academy, Inc. 2022-11-28 1
Bangalore , India · www.simplilearn.com New York, New York · www.fullstackacademy.com
Schenck Process Holding GmbH 2017-09-21 SP Mining 2022-05-09 1
Darmstadt, Germany · www.schenckprocess.com , Australia

M&A by Sector

Sector Current # Value All-time # Value
Communications 2 (2%) - 25 (8%) 28.4B (6%)
Internet Software and Services 14 (12%) 9.3B (6%) 21 (7%) 23.6B (5%)
Information Technology 7 (6%) 14.4B (10%) 20 (6%) 24.9B (5%)
Leisure 4 (4%) 7.9B (5%) 16 (5%) 47.2B (10%)
Financial Services 8 (7%) 4.5B (3%) 16 (5%) 12.5B (3%)
Business Services 7 (6%) 14.0B (9%) 14 (4%) 15.4B (3%)
Media 2 (2%) 385M (< 1%) 14 (4%) 15.0B (3%)
Real Estate 7 (6%) 32.0B (21%) 11 (3%) 40.1B (8%)
Software 4 (4%) - 11 (3%) 12.2B (3%)
Insurance 3 (3%) 5.6B (4%) 10 (3%) 8.2B (2%)
Chemicals 1 (1%) 1.1B (1%) 9 (3%) 14.8B (3%)
Energy Services and Equipment 3 (3%) 3.3B (2%) 9 (3%) 8.2B (2%)
Life Science 4 (4%) - 8 (3%) 5.5B (1%)
Oil/Gas Exploration 1 (1%) - 8 (3%) 1.7B (< 1%)
Healthcare Services 2 (2%) - 6 (2%) 4.0B (1%)
Apparel/Textiles 1 (1%) 1.2B (1%) 6 (2%) 2.7B (1%)
Transportation 1 (1%) - 6 (2%) 1.1B (< 1%)
Consumer Products 3 (3%) - 6 (2%) 200M (< 1%)
Medical Products 2 (2%) 34.0B (23%) 5 (2%) 47.6B (10%)
Education 3 (3%) - 5 (2%) 1.7B (< 1%)
Electrical Equipment 3 (3%) - 5 (2%) 1.2B (< 1%)
Environmental 2 (2%) - 5 (2%) 590M (< 1%)
Information Services 2 (2%) 6.0B (4%) 4 (1%) 38.7B (8%)
Utilities 1 (1%) 3.1B (2%) 4 (1%) 10.5B (2%)
Staffing 2 (2%) 6.1B (4%) 4 (1%) 7.3B (2%)
Retail - - 4 (1%) 6.4B (1%)
Food - - 4 (1%) 5.8B (1%)
Automotive 1 (1%) - 4 (1%) 5.6B (1%)
Packaging 1 (1%) - 4 (1%) 4.3B (1%)
Renewable Energy 2 (2%) - 4 (1%) 2.2B (< 1%)
Building Materials 1 (1%) - 4 (1%) 780M (< 1%)
Restaurants - - 3 (1%) 7.3B (1%)
Manufacturing - - 3 (1%) 5.4B (1%)
Electronics 1 (1%) - 3 (1%) 5.0B (1%)
Distribution 2 (2%) 1.8B (1%) 3 (1%) 3.2B (1%)
Safety/Security 1 (1%) - 3 (1%) 2.8B (1%)
Metals/Mining - - 3 (1%) 1.8B (< 1%)
Construction 2 (2%) 1.6B (1%) 3 (1%) 1.6B (< 1%)
Marketing 2 (2%) - 3 (1%) 750M (< 1%)
Gaming 1 (1%) - 2 (1%) 30.7B (6%)
Aerospace 1 (1%) 4.7B (3%) 2 (1%) 4.7B (1%)
Beverages 1 (1%) - 2 (1%) 2.0B (< 1%)
Digital Media 2 (2%) - 2 (1%) -
Engineering 2 (2%) - 2 (1%) -
Furniture 2 (2%) - 2 (1%) -
Machinery 1 (1%) - 2 (1%) -
Semiconductors - - 1 (< 1%) 17.6B (4%)
Publishing - - 1 (< 1%) 2.1B (< 1%)
Consumer Services - - 1 (< 1%) 608M (< 1%)
Franchising - - 1 (< 1%) 454M (< 1%)
Marine - - 1 (< 1%) 177M (< 1%)
Agriculture - - 1 (< 1%) -
Airlines - - 1 (< 1%) -
E-Commerce 1 (1%) - 1 (< 1%) -
Forest Products 1 (1%) - 1 (< 1%) -
Total 114 $151.0B 319 $484.5B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 74 (65%) 141.1B (93%) 201 (63%) 409.9B (85%)
  Texas 11 (10%) 16.3B (11%) 32 (10%) 59.7B (12%)
  New York 7 (6%) 15.3B (10%) 21 (7%) 54.4B (11%)
  California 7 (6%) 1.6B (1%) 18 (6%) 16.0B (3%)
  Illinois 5 (4%) 39.4B (26%) 10 (3%) 53.7B (11%)
  Florida 4 (4%) - 10 (3%) 14.7B (3%)
  Massachusetts 6 (5%) 3.1B (2%) 8 (3%) 5.0B (1%)
  Tennessee 4 (4%) 9.1B (6%) 8 (3%) 11.2B (2%)
  Colorado 1 (1%) 10.0B (7%) 8 (3%) 17.5B (4%)
  New Jersey 1 (1%) - 8 (3%) 9.2B (2%)
  Maryland 3 (3%) - 6 (2%) 1.0B (< 1%)
  Virginia 2 (2%) 4.6B (3%) 6 (2%) 33.6B (7%)
  North Carolina 1 (1%) 6.0B (4%) 6 (2%) 15.1B (3%)
  Georgia 1 (1%) 1.2B (1%) 6 (2%) 6.7B (1%)
  Pennsylvania 2 (2%) 155M (< 1%) 5 (2%) 14.6B (3%)
  Ohio 2 (2%) - 4 (1%) -
  Michigan 1 (1%) - 4 (1%) 5.6B (1%)
  Connecticut - - 4 (1%) 2.1B (< 1%)
  Wisconsin 3 (3%) - 3 (1%) -
  Utah 2 (2%) 4.7B (3%) 3 (1%) 6.7B (1%)
  Indiana - - 3 (1%) 13.3B (3%)
  Kansas 2 (2%) 13.3B (9%) 2 (1%) 13.3B (3%)
  Washington 2 (2%) 2.3B (2%) 2 (1%) 2.3B (< 1%)
  Nevada 1 (1%) - 2 (1%) 30.7B (6%)
  Iowa 1 (1%) - 2 (1%) -
  Arizona - - 2 (1%) -
  Missouri 1 (1%) 14.0B (9%) 1 (< 1%) 14.0B (3%)
  Louisiana 1 (1%) - 1 (< 1%) -
  Arkansas 1 (1%) - 1 (< 1%) -
  Alabama 1 (1%) - 1 (< 1%) -
United Kingdom 8 (7%) 5.8B (4%) 26 (8%) 28.2B (6%)
India 5 (4%) 790M (1%) 19 (6%) 1.6B (< 1%)
Germany 3 (3%) - 12 (4%) 9.7B (2%)
China 4 (4%) - 9 (3%) 641M (< 1%)
Canada 3 (3%) 385M (< 1%) 7 (2%) 794M (< 1%)
  Ontario 2 (2%) 385M (< 1%) 3 (1%) 385M (< 1%)
  Quebec - - 2 (1%) 200M (< 1%)
  British Columbia 1 (1%) - 1 (< 1%) -
  Alberta - - 1 (< 1%) 209M (< 1%)
Netherlands 3 (3%) 1.8B (1%) 5 (2%) 4.7B (1%)
Bermuda - - 5 (2%) 5.3B (1%)
France 3 (3%) - 4 (1%) -
Australia 1 (1%) - 4 (1%) 1.3B (< 1%)
Japan 2 (2%) - 3 (1%) -
Switzerland 1 (1%) 1.1B (1%) 3 (1%) 3.3B (1%)
Singapore 1 (1%) - 2 (1%) -
Brazil - - 2 (1%) 800M (< 1%)
Mexico - - 2 (1%) 732M (< 1%)
Italy - - 2 (1%) 237M (< 1%)
New Zealand - - 2 (1%) 127M (< 1%)
Belgium 1 (1%) - 1 (< 1%) -
South Korea 1 (1%) - 1 (< 1%) -
Luxembourg 1 (1%) - 1 (< 1%) -
Malta 1 (1%) - 1 (< 1%) -
Sweden 1 (1%) - 1 (< 1%) -
United Arab Emirates 1 (1%) - 1 (< 1%) -
Denmark - - 1 (< 1%) 15.8B (3%)
Spain - - 1 (< 1%) 1.3B (< 1%)
Argentina - - 1 (< 1%) -
Maldives - - 1 (< 1%) -
Domestic 74 (65%) 141.1B (93%) 201 (63%) 409.9B (85%)
Cross-border 40 (35%) 10.0B (7%) 117 (37%) 74.6B (15%)
Total 114 $151.0B 318 $484.4B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 15 (13%) 36.3B (26%) 74 (23%) 85.0B (19%)
Secondary Buyout 39 (34%) 15.6B (11%) 72 (23%) 45.4B (10%)
Stake Purchase 9 (8%) - 49 (15%) 23.8B (5%)
Growth Capital 18 (16%) - 33 (10%) -
Going Private 17 (15%) 64.5B (46%) 32 (10%) 188.8B (41%)
Divestiture 11 (10%) 24.7B (18%) 32 (10%) 89.8B (20%)
PIPE - - 12 (4%) 19.5B (4%)
Venture 1 (1%) - 6 (2%) 421M (< 1%)
Recapitalization 2 (2%) - 5 (2%) 2.1B (< 1%)
Special Situations/Distressed 2 (2%) - 3 (1%) 3.9B (1%)
Consolidation - - 1 (< 1%) 466M (< 1%)
Total 114 $141.0B 319 $459.2B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 44 (26%) 114.6B (68%)
IPO 39 (23%) -
Trade Sale 25 (15%) 25.4B (15%)
Secondary Sale 19 (11%) 4.5B (3%)
Stake Sale 15 (9%) -
Merger 8 (5%) 9.6B (6%)
Bankruptcy 6 (4%) -
Divestiture 3 (2%) -
Sold to Management 3 (2%) -
SPAC 3 (2%) -
Sold to Existing Investors 2 (1%) 14.6B (9%)
Unknown 2 (1%) -
Recapitalization 1 (1%) -
Total 170 $168.7B

Top M&A Advisors

Financial Deals
BofA Securities
23
Citigroup Investment Banking
17
Barclays Investment Bank
17
Legal Deals
Simpson Thacher & Bartlett
59
Kirkland & Ellis
15
Weil Gotshal & Manges LLP
7

Deal Values

buy # Total
> $1B 88 $450.4B
$100M to $1B 70 $33.7B
< $100M 8 $367M
TOTAL $484.5B
Largest Medline Industries, Inc.
$34.0B (2021-06-05)
sell # Total
> $1B 40 $163.5B
$100M to $1B 12 $6.2B
< $100M 2 $92M
TOTAL $169.8B
Largest Refinitiv
$27.0B (2019-08-01)

M&A Connections

Deals
Acquired from
Investor(s)
24%
76 (24%)
Strategic(s)
10%
31 (10%)
Exited to
Investor(s)
13%
22 (13%)
Strategic(s)
49%
83 (49%)

FAQ

When was The Blackstone Group founded?

The Blackstone Group was founded in 1987.

What type of investor is The Blackstone Group?

The Blackstone Group is a private equity firm.

Where is The Blackstone Group headquartered?

The Blackstone Group is headquartered in New York, New York.

How much capital does The Blackstone Group have under management?

The Blackstone Group has 131.0B USD under management.

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