Ultimate Software to Be Taken Private for $11B
The pioneer of cloud-based HR solutions is being sold to an investor group that sees it as "an exceptional company with a strong culture."
Industrial Firm Colfax Deals Its Way Into Medical Devices
Colfax has agreed to buy orthopedic device maker DJO Global from private equity funds managed by the Blackstone Group.
Blackstone Invests in Outsourcing Startup TaskUs
The $250 million investment comes amid "massive consolidation" in the business process outsourcing industry.
Blackstone Adds Gramercy to Property Empire
The $7.6 billion acquisition of the commercial property asset manager fits Blackstone's strategy of targeting distribution centers.
Blackstone Misses Estimates, AUM Hits Record
The buyout firm's economic net income rose 36% in Q2 but gains from real estate were offset by a 51% drop in credit investment earnings.
Invitation Homes Raises $1.54 Billion in IPO
The offering of the home-rental company controlled by Blackstone Group continues the IPO market's strong start to 2017.
China’s HNA Group Buys 25% of Hilton for $6.5B
The Chinese conglomerate makes its second foray into the U.S. hotel industry in six months, paying a premium of 14.6% for Blackstone's stake in Hilton.
Oil Price Slump Creating Opportunities
Private investors like Blackstone see value in the high-yield bonds of energy firms and in distressed companies hit by the steep drop in oil prices.