Investment Summary

The Blackstone Group Invests In PMI Group

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

Investment Highlights
  • This is The Blackstone Group’s 7th transaction in the Insurance sector.
  • This is The Blackstone Group’s 124th transaction in the United States.
  • This is The Blackstone Group’s 8th transaction in California.

Investment Summary

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

Target

PMI Group

San Ramon, California, United States
PMI Group is a holding company of a residential mortgage insurance provider operating through its primary subsidiary, PMI Mortgage Insurance Co. PMI Group was founded in 1972 and is based in San Ramon, California.

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Investor(S) 1

Investor

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 195 of 362
Sector: Insurance M&A 7 of 10
Type: Stake Purchase M&A Deals 43 of 50
State: California M&A 8 of 22
Country: United States M&A 124 of 230
Year: 2015 M&A 10 of 19
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
2015-09-09 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.

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