Private equity giants Blackstone and Vista Equity Partners are reportedly in talks to acquire software company Smartsheet for an estimated $7 billion. This deal could be finalized in the coming weeks, adding to Blackstone’s recent acquisition spree.
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Singer Barry Manilow is suing Hipgnosis Songs Fund, a Blackstone-owned company, for $1.5 million in unpaid bonus funds related to his 2020 song catalog sale. The lawsuit highlights potential issues in the booming market for song catalog acquisitions, raising questions about the fulfillment of promises made to artists by these companies.
Blackstone Inc. (BX) is making significant moves in the European logistics sector, acquiring an 80% stake in Burstone Group’s Pan-European Logistics (PEL) platform for €1.022 billion. This acquisition adds 32 prime logistics properties across Europe to Blackstone’s portfolio, further solidifying its position in the growing e-commerce and cloud computing markets.
Emerson Electric Co. has sold its remaining 40% stake in Copeland to Blackstone Inc. for $3.5 billion. This move will allow Emerson to focus on its core businesses and reduce its debt. The divestment comes as Emerson faces challenges from rising costs and competition, but the company is seeing strong demand in key markets.
Sage Homes, a joint venture between Blackstone and Regis Group, has sold a significant portfolio of shared ownership homes to Universities Superannuation Scheme Limited (USSL). The £405 million transaction, the largest of its kind since 1990, highlights the growing interest from institutional investors in the UK’s affordable housing market.
Aypa Power, a Blackstone-backed company specializing in utility-scale energy storage and hybrid renewable energy projects, has successfully secured a $650 million credit facility. This financing, led by Apterra Infrastructure Capital, Banco Santander, ING Capital, Nomura Securities, Societe Generale, and Sumitomo Mitsui Banking Corporation, replaces and significantly expands Aypa’s previous $320 million facility. The new funds will support Aypa’s ongoing expansion and the advancement of its project pipeline across the United States and Canada.
Prime Day is almost here, and with it comes a plethora of deals on Blackstone grills. We’ve compiled the best Blackstone Prime Day deals available right now, covering griddles, accessories, and tips for choosing the perfect grill for your needs. Whether you’re looking for a versatile griddle-charcoal combo or a powerful flat-top gas grill, we’ve got you covered.
Get ready for grilling season with your little ones! Blackstone’s Griddle Toy Set is now on sale for $79, saving you $31 (25% off). This realistic play set features turning knobs, a side shelf, tool hooks, wheels, and various grilling tools, allowing kids to pretend to cook alongside their adult role models. From smash burgers to charred veggies, cooking together with this scaled-down version of the real Blackstone griddle will create lasting memories.