Blackstone, the world’s leading alternative asset manager, announced the appointment of Brian X. Tierney as a Senior Managing Director and Global Head of Infrastructure Portfolio Operations and Asset Management. Tierney joins Blackstone following 23 years with American Electric Power (AEP), where he previously served as Chief Financial Officer, Executive Vice President for Strategy and Executive…
Blackstone announced that private equity funds managed by Blackstone have entered into a definitive agreement to acquire a controlling stake in Simplilearn Solutions Pvt. Ltd., a leading online learning ‘bootcamp’ based in India offering digital skills training and courses to working professionals all over the world. Simplilearn was founded in 2010 by its Chief Executive Officer Krishna Kumar.…
Blackstone, a global investment firm, announced it has appointed Courtney della Cava as Senior Managing Director and Global Head of Talent & Leadership for its Portfolio Operations Group, effective August 1. In this new role, della Cava will be responsible for building and enhancing executive leadership teams and boards for Blackstone’s more than 200 portfolio…
Blackstone announced that private equity funds managed by Blackstone have entered into a definitive agreement to acquire Sphera, a leading provider of Environmental, Social and Governance (ESG) software, data, and consulting services, from Genstar Capital. The investment, which values the company at approximately $1.4 billion, would be made through Blackstone’s flagship private equity vehicle, the…
Blackstone announced that private equity funds managed by Blackstone (Blackstone) have entered into a definitive agreement to make a significant equity investment in Simpli.fi, a leader in programmatic advertising and agency management software. Blackstone will join existing investor GTCR, a leading private equity firm, as majority shareholders in the Company. The investment, which would be…
Blackstone, one of the world’s leading investment firms, announced the appointment of Adam Rosenberg as a Senior Advisor for Blackstone’s Tactical Opportunities (Tac Opps) business. Rosenberg has more than 22 years of experience as an executive and investment professional in the gaming and leisure industries. David Blitzer, Global Head of Blackstone Tactical Opportunities, said: “We…
Blackstone announced that Devin Glenn has joined as Global Head of Diversity, Equity and Inclusion (DEI). Glenn will be a Managing Director responsible for continuing to implement policies and initiatives that will help Blackstone achieve a more diverse and inclusive workplace at Blackstone and its portfolio companies. Paige Ross, Global Head of Human Resources, said:…
Blackstone and Vista Equity Partners (Vista) announced that private equity funds managed by those firms have agreed to acquire Ellucian, a leading higher education technology solutions provider, from TPG Capital, the private equity platform of global alternative asset firm TPG, and Leonard Green & Partners, L.P. (LGP). Blackstone and Vista will invest in Ellucian through their respective long-term private…
QTS Realty Trust (QTS) and Blackstone announced that they have entered into a definitive agreement under which Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc. and other long-term perpetual capital vehicles managed by Blackstone will acquire all outstanding shares of common stock of QTS Realty Trust for $78.00 per share in an all-cash transaction…
Blackstone has announced that funds managed by Blackstone Real Estate have acquired Embassy Industrial Parks from Warburg Pincus and Embassy Group. Embassy Industrial Parks comprises 10.6 million square feet of modern Grade A logistics and warehousing assets near urban centers, tailored for tenants in rapidly developing sectors. Embassy Industrial Parks’ warehouses are located across major…
Blackstone has announced that it is continuing to expand its Environmental, Social, Governance (ESG) team, with five newly created senior positions across the U.S., Europe and Asia. The firm is adding new resources and capabilities within its business units and also building out a corporate ESG structure. Jon Gray, Blackstone President and COO, said, “We…
Blackstone has announced that private equity funds managed by Blackstone have entered into definitive agreements to acquire a majority stake in Mphasis Limited. A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC Investments and other long-term investors will co-invest along with Blackstone. Mphasis is a provider of Information Technology services specializing in…
Global investment business, Blackstone Group Inc has entered into an agreement to acquire the glass unit of Piramal Enterprises Ltd. The value of the deal stood at $1 billion (approx. Rs 7,500 crore). According to a report by the Mint – The private equity firm will first pay $850 million to assume responsibility of management…
Blackstone, one of the world’s leading investment firms, announced that it has reached a definitive agreement to acquire Ancestry from Silver Lake, GIC, Spectrum Equity, Permira, and other equity holders for a total enterprise value of $4.7 billion. Current Ancestry investor GIC will continue to retain a significant minority stake in the company. This transaction…