Peter Cancro, founder of Jersey Mike’s Subs, has amassed a $7.55 billion fortune after selling a majority stake to Blackstone. His impressive real estate portfolio, spanning luxury properties in Manhattan, Florida, and his New Jersey roots, reflects the explosive growth of his sandwich empire.
EQT Corporation announced a major deal with Blackstone Credit & Insurance, forming a new midstream joint venture valued at $8.8 billion. This strategic move will significantly reduce EQT’s debt and fuel future growth, leading to a surge in EQT share prices.
Pine Gate Renewables has secured a $288 million preferred equity investment from Blackstone Credit & Insurance, fueling the development of six solar projects with a combined capacity of 780 MWdc across two states. This strategic partnership underlines Pine Gate’s commitment to scalable, sustainable energy solutions and marks a significant milestone in their journey towards a cleaner energy future.
Blackstone Inc. (BX) exceeded analyst expectations with robust third-quarter financial results, driven by strong investment activity and fund appreciation. The company’s CEO highlighted record investment commitments and inflows, emphasizing its strong position in the alternatives industry. Blackstone’s stock surged in response to the earnings announcement, prompting several analysts to adjust their price targets upwards.
Blackstone Inc. (BX) shares surged in premarket trading after the private equity giant reported strong third-quarter results, exceeding revenue and earnings estimates. Highlights include robust asset growth, a dividend increase, and significant investment activity, showcasing Blackstone’s continued dominance in the alternatives industry.
A nonprofit group with ties to Democratic Sen. Sherrod Brown is pushing to close a major Ohio power plant, raising concerns about job losses and higher energy costs for residents. The group, known for its anti-Israel rhetoric, has been working alongside environmental organizations to pressure the plant’s owner, Blackstone, to shut down the facility. The move has sparked controversy, with some arguing that it would negatively impact the state’s energy grid and further strain local residents’ already high energy bills.
Private equity giants TPG and Blackstone are reportedly in the lead to acquire eye care company Bausch + Lomb in a deal potentially worth $13 billion to $14 billion. The acquisition, driven by concerns from Bausch Health’s creditors, could be one of the largest private equity buyouts of the year.
Top Wall Street analysts have recently adjusted their outlooks on several prominent companies, including Blackstone, Virpax Pharmaceuticals, Daqo New Energy, and FactSet Research Systems. These changes involve both downgrades and price target adjustments, offering insights into the current market sentiment and potential investment strategies.
Blackstone Inc. is investing £10 billion ($13.3 billion) in England to build a massive AI data center, creating an estimated 4,000 jobs and solidifying the UK’s position as a leader in artificial intelligence technology. The project represents a significant vote of confidence in the UK economy and is aligned with Prime Minister Keir Starmer’s vision for economic growth.
Indian hotel operator Oyo has acquired the iconic American budget hotel chain Motel 6 from Blackstone for $525 million. The deal marks a significant expansion for Oyo in the US market and positions the company to become a major player in the economy lodging segment.
