M&A Deal Summary

The Blackstone Group Acquires Crown Resorts

On February 14, 2022, private equity firm The Blackstone Group acquired gaming company Crown Resorts for 8.9B USD

Acquisition Highlights
  • This is The Blackstone Group’s 3rd transaction in the Gaming sector.
  • This is The Blackstone Group’s 16th largest (disclosed) transaction.
  • This is The Blackstone Group’s 4th transaction in Australia.

M&A Deal Summary
Date 2022-02-14
Target Crown Resorts
Sector Gaming
Buyer(s) The Blackstone Group
Deal Type Going Private
Deal Value 8.9B USD
Advisor(s) UBS Investment Bank
Gresham Advisory Partners (Financial)

Target

Crown Resorts

Southbank, Australia
Crown Resorts is an international casino and gaming entity, with businesses and investments in key international markets. Crown Resorts was founded in 2007 and is based in Southbank, Australia.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

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, New York.

DEAL STATS #
Overall 306 of 339
Sector (Gaming) 3 of 3
Type (Going Private) 30 of 36
Country (Australia) 4 of 7
Year (2022) 4 of 11
Size (of disclosed) 16 of 172
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 ASK Group

Mumbai, India

ASK Group is an equity portfolio management service provider, a leading real estate investment manager, and one of the country’s top wealth managers. ASK manages assets of over Rs. 29,480 crore (US$4.4 billion) across seven offices in India and has offices in Dubai and Singapore, catering to its international investor base. ASK Group was founded in 1983 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-15 Cloudinary

Santa Clara, California, United States

Cloudinary is a media experience platform that empowers companies to deliver visual experiences that inspire and connect by unleashing the full potential of their media. With more than 50 billion assets under management and 9,000 customers worldwide, Cloudinary is used by developers, creators, and marketers looking to upload, store, transform, manage, and deliver images and videos online. Cloudinary was founded in 2011 and is based in Santa Clara, California.

Buy -
Mergr

Product

Company

Legal