M&A Deal Summary

The Blackstone Group Acquires Hilton

On July 4, 2007, private equity firm The Blackstone Group acquired leisure company Hilton for 26.0B USD

Acquisition Highlights
  • This is The Blackstone Group’s 9th transaction in the Leisure sector.
  • This is The Blackstone Group’s 3rd largest (disclosed) transaction.
  • This is The Blackstone Group’s 79th transaction in the United States.
  • This is The Blackstone Group’s 2nd transaction in Virginia.
Investment Fate
  • Hilton went public in 2013.
  • Hilton was sold to a consortium of buyers in 2016.

M&A Deal Summary

Date 2007-07-04
Target Hilton
Sector Leisure
Buyer(s) The Blackstone Group
Deal Type Going Private
Deal Value 26.0B USD

Target

Hilton

McLean, Virginia, United States
Hilton's corporate headquarters in McLean, Virginia.
Hilton's corporate headquarters in McLean, Virginia.
Hilton is a global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. Hilton was founded in 1919 and is based in McLean, Virginia.

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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 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 STATS #
Overall 113 of 362
Sector: Leisure M&A 9 of 16
Type: Going Private M&A Deals 8 of 41
State: Virginia M&A 2 of 9
Country: United States M&A 79 of 230
Year: 2007 M&A 7 of 13
Size (of disclosed) 3 of 183
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-01 Global Tower Partners

Boca Raton, Florida, United States

Global Tower operates wireless communication towers.Global Tower Management, LLC (d/b/a Global Tower Partners, "GTP") is a leading operator of communications towers and related wireless infrastructure. Including the acquisition of Dobson Communication's tower assets, the company owns approximately 1,125 towers and manages over 3,000 rooftop sites.

Sell $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-16 ReAble Therapeutics

Austin, Texas, United States

ReAble Therapeutics, Inc. is a diversified rehabilitation and orthopedic devices company that develops, manufactures and distributes a comprehensive range of electrotherapy, traction, chiropractic and iontophoresis devices, in addition to a broad line of orthopedic implants, used by orthopedic surgeons, physicians, therapists and other healthcare professionals to treat patients with musculoskeletal conditions resulting from degenerative diseases, deformities, traumatic events and sports-related injuries.

Sell $1.6B