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Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with US$400,000 (equivalent to $1.1 million in 2023) in seed capital. [2]: 45–56 [3] The founders derived their firm's name from their names: "Schwarz" is German for "black"; "Peter", "petros" (πέτρος, masculine), or "petra" (πετρα, feminine) means "stone" or "rock" in Greek.
This category is for portfolio companies of the private equity investment firm Blackstone Inc. Portfolio companies are those companies that are currently or have been previously owned or controlled by the private equity firm or its affiliate funds. Ownership should be material (i.e. full control, majority ownership or significant minority ...
[13] [14] Blackstone branched into business acquisition, real estate, direct lending, alternative assets, and had $1.1 trillion in assets under management as of September 30, 2024. [15] [16] When Blackstone went public in June 2007, it revealed in a securities filing that Schwarzman had earned about $398.3 million in fiscal 2006.
Private equity firm Blackstone Inc is bidding C$7 billion ($5.03 billion) for a minority stake in telecom and media company Rogers Communications's cellphone infrastructure business, the Globe and ...
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies. The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ...
Both are encompassed in what Blackstone calls an “investment thesis” for each company. $1.1 trillion Value of the 250 companies and thousands of real estate assets in Blackstone's portfolio
Private equity powerhouse Blackstone is gearing up to IPO SeaWorld. It's already made about a 61% return on the $1 billion it invested in buying the company from Anheuser-Busch Inbev , showing ...
Servpro consists of 2.250 franchises in the United States and Canada (as of 2024). [9] In March 2019, The Blackstone Group acquired a majority stake in Servpro Industries, LLC, [10] [11] for an amount reportedly exceeding US$1 billion according to the Wall Street Journal. [12] The Isaacson family reinvested and maintains minority ownership.