M&A Deal Summary

The Blackstone Group Acquires JJ Tools

On November 27, 2024, private equity firm The Blackstone Group acquired manufacturer JJ Tools

Acquisition Highlights
  • This is The Blackstone Group’s 4th transaction in the Manufacturing sector.
  • This is The Blackstone Group’s 2nd transaction in South Korea.

M&A Deal Summary

Date 2024-11-27
Target JJ Tools
Sector Manufacturing
Buyer(s) The Blackstone Group
Deal Type Add-on Acquisition

Target

JJ Tools

Seoul, South Korea
JJ Tools is a manufacturer of industrial cutting tools. JJ Tools was founded in 1997 and is based in Seoul, South Korea.

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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 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 338 of 339
Sector (Manufacturing) 4 of 4
Type (Add-on Acquisition) 1 of 1
Country (South Korea) 2 of 2
Year (2024) 17 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-19 Jersey Mike s Subs

Manasquan, New Jersey, United States

Jersey Mike’s Subs is a franchisor of sub sandwich restaurants. The Company serves fresh sliced/fresh grilled subs on in-store freshly baked bread. Jersey Mike's Subs was formed in 1956 and is based in Manasquan, New Jersey.

Buy $8.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-10 RELEX Solutions

Helsinki, Finland

RELEX Solutions is a provider of integrated retail and supply chain planning system that delivers impressive results for customers around the world. Through precise demand forecasting, automated replenishment, revolutionary space planning and assortment optimization, RELEX helps businesses plan better, sell more and waste less however fast the market changes. RELEX Solutions was founded in 2005 and is based in Helsinki, Finland.

Sell -