Blackstone Inc.

Reddit Announces First Quarter 2024 Results

Retrieved on:

火曜日, 5月 7, 2024

Reddit undertakes no duty to update any forward-looking statements or estimates, except as required by applicable law.

Key Points:

Reddit undertakes no duty to update any forward-looking statements or estimates, except as required by applicable law.
As we look ahead, we will share our internal thoughts on revenue and Adjusted EBITDA for the second quarter.
In the second quarter of 2024, we estimate:
We are pleased to announce that Sarah Farrell, co-founder and Managing Partner of Waygrove Partnership, has joined Reddit’s Board of Directors.
Reddit will host a conference call to discuss the results for the first quarter of 2024 on May 7, 2024, at 2:00 p.m. PT / 5:00 p.m.

Digital Realty Reports First Quarter 2024 Results

Retrieved on:

木曜日, 5月 2, 2024

Sale, SGX, Mitsubishi Group, Mitsubishi Corporation, Digital Realty, Acquisition, GI Partners, Blackstone Inc., NOI, Cryptocurrency

As previously disclosed, in the first quarter, Digital Realty successfully resolved its relationship with Cyxtera, with the closing of a series of transactions with Brookfield Infrastructure Partners L.P., Cyxtera Technologies and Digital Core REIT.

Key Points:

As previously disclosed, in the first quarter, Digital Realty successfully resolved its relationship with Cyxtera, with the closing of a series of transactions with Brookfield Infrastructure Partners L.P., Cyxtera Technologies and Digital Core REIT.
Digital Realty received $277 million for its interest in four data centers and redeployed $55 million to buy out Cyxtera's leases in Digital Realty's Frankfurt and Singapore data centers.
Digital Realty also exercised its option to purchase a data center outside of London, UK, which is expected to close in the second quarter.
Digital Realty maintained its 2024 Core FFO per share and Constant-Currency Core FFO per share outlook of $6.60 - $6.75.

AccessHope Secures $33 Million in Series B Funding to Expand Access to Leading Cancer Expertise

Retrieved on:

月曜日, 4月 22, 2024

DUARTE, Calif., April 22, 2024 /PRNewswire/ -- AccessHope, LLC, a company changing the way leading-edge cancer expertise is delivered, today announced that it has raised $33 million in a Series B round of funding from City of Hope, one of the largest cancer research and treatment organizations in the United States. AccessHope's next phase of growth as a stand-alone company will include product and technology development, oncology network expansion and entering new markets, such as health plans, Medicare and government organizations.

Key Points:

To lead its transformation into a commercial business, AccessHope appointed seasoned healthcare, payer and investment veteran Bradley Kreick as its new CEO.
Kreick, who has served on the AccessHope board since 2023, brings 30 years of experience leading companies through periods of significant growth.
"AccessHope was founded with the mission of bringing cutting-edge cancer care knowledge to the places and people who need it most.
Through these collaborations, AccessHope members now have access to expertise from more than 350 of the world's top oncologists, covering all cancer types and stages.

Scot Sellers to Be Named Chairman of the Board of Howard Hughes Holdings Inc. at Company’s Upcoming Annual Meeting

Retrieved on:

木曜日, 4月 4, 2024

Irvine Company, Growth, Blackstone Inc., Howard Hughes, Cornell University, Mergers and acquisitions, MPC, Acquisition, GGP Inc., City, HHH, The, Partner, Collection, Pershing Square Capital Management, Mergers & Acquisitions, Ackman

THE WOODLANDS, Texas, April 04, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) announced today that long-time Howard Hughes board member Scot Sellers will be named Chairman of its Board of Directors at HHH’s upcoming annual meeting. Sellers will succeed Pershing Square Capital Management, L.P. (“Pershing Square”) Founder and CEO Bill Ackman, who will be retiring from the HHH board after serving as its chairman since founding Howard Hughes in 2010. Pershing Square Partner Ben Hakim is being nominated for the Howard Hughes board to replace Ackman. Pershing Square intends to remain a major, long-term shareholder of HHH.

Key Points:

Long-time HHH Board Member and former Archstone CEO to succeed Bill Ackman as Board Chairman;
THE WOODLANDS, Texas, April 04, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) announced today that long-time Howard Hughes board member Scot Sellers will be named Chairman of its Board of Directors at HHH’s upcoming annual meeting.
Pershing Square Partner Ben Hakim is being nominated for the Howard Hughes board to replace Ackman.
Sellers has served on the Board of Directors of Howard Hughes since the company’s inception.
Sellers currently serves on the board of The Irvine Company and is Chairman of the Board of Maui Land & Pineapple Company.

APARTMENT INCOME REIT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Apartment Income REIT Corp. - AIRC

Retrieved on:

火曜日, 4月 9, 2024

Class Action Lawsuit, Professional Services, Legal, KSF, Blackstone Inc., BX, AIRC, Aimco, Sale

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Apartment Income REIT Corp. (NYSE: AIRC) to Blackstone Inc. (NYSE: BX).

Key Points:

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Apartment Income REIT Corp. (NYSE: AIRC) to Blackstone Inc. (NYSE: BX).
Under the terms of the proposed transaction, shareholders of Apartment Income will receive $39.12 in cash for each share of Apartment Income that they own.
KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

Gatewood Capital Partners Announces Promotions

Retrieved on:

月曜日, 4月 1, 2024

Gatewood Capital Partners LLC (“Gatewood”), a premier private equity firm focused on seeding and anchoring emerging managers, today announced promotions and expanded roles of its team.

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Gatewood Capital Partners LLC (“Gatewood”), a premier private equity firm focused on seeding and anchoring emerging managers, today announced promotions and expanded roles of its team.
Mr. Zassman focuses on investment origination, due diligence and portfolio management at Gatewood.
Before joining Gatewood in 2021, Mr. Zassman held several positions at Blackstone Inc., most recently as a member of the Blackstone Strategic Capital Group’s investment team, focused on GP stakes investments.
Amir Aviv, Managing Partner of Gatewood, added, “These promotions and increased responsibilities reflect their contributions and positive impact at the firm and with our portfolio investments.

The FII Miami Summit brings leaders together for positive change including Gwyneth Paltrow, Rob Lowe & Augusto of Global Child "Travel & Purpose"

Retrieved on:

火曜日, 3月 26, 2024

Tubi, Future Investment Initiative Institute, Miami International Airport, IHeartMedia, Climate change, Mass media, Blackstone Inc., Travel, Society, FII, Artificial intelligence, Hope, LATAM Airlines Group, Marine conservation, VIX, Heart, Movement, Vizio, Miami Dolphins

"At the heart of our endeavor is the need to connect the planet as we showcase positive initiatives like many of those championed at the FII Events.

Key Points:

"At the heart of our endeavor is the need to connect the planet as we showcase positive initiatives like many of those championed at the FII Events.
The latest FII conference in Miami, themed 'On the Edge of a New Frontier,' underscored the rapid technological shifts reshaping societies and economies globally.
Richard Attias, CEO of FII Institute, emphasized the urgency for collaborative action in addressing pressing challenges, including the regulation of artificial intelligence.
Global Child "Travel & Purpose" can be enjoyed on major streaming platforms around the world like Vizio, Tubi, Peacock, VIX, RokuChannel, Emirates, LATAM Airlines & others.

Vanguard Unseats BlackRock's Top Spot in Broadridge's 2024 Best-Performing Fund Brand Ranking in the U.S.

Retrieved on:

火曜日, 3月 26, 2024

JPMorgan Chase, Stasis, AIB (NI), Fidelity, Vanguard, Marketing, Research, BlackRock, Blackstone Inc., ETF, Communication, Financial services

NEW YORK, March 26, 2024 /PRNewswire/ -- The latest edition of Broadridge's Fund Brand 50 (FB50), an annual research study by global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) was released today, highlighting the world's best-performing third-party asset management brands. U.S. fund selectors prize solidity and client service as the domestic giants jostle for position and strengthen their hold on the asset management industry.

Key Points:

While no-one new breaches the top five, the major firms jostle for position, with Vanguard usurping BlackRock's position atop the ranking.
Vanguard was able to maintain first place in the three highest-ranked brand attributes and duked it out with BlackRock across the entire brand spectrum.
In fact, the two firms split first place in eight of the 10 categories, with Vanguard winning by points total.
French firm Natixis IM remains the highest-ranked non-US brand but fell from 22nd place to 32nd.

APi Group Announces Pricing of Upsized Secondary Public Offering of Common Stock

Retrieved on:

金曜日, 3月 1, 2024

APi Group Corporation (NYSE: APG) (“APi” or the “Company”) announced the upsize and pricing of the previously announced underwritten registered public offering of 10,569,106 shares of common stock of the Company commenced by certain funds affiliated with Blackstone Inc. (the “Blackstone Selling Stockholders”) and Viking Global Investors LP (the “Viking Selling Stockholders”), collectively, the “Selling Stockholders,” at a public offering price of $34.25 per share.

Key Points:

APi Group Corporation (NYSE: APG) (“APi” or the “Company”) announced the upsize and pricing of the previously announced underwritten registered public offering of 10,569,106 shares of common stock of the Company commenced by certain funds affiliated with Blackstone Inc. (the “Blackstone Selling Stockholders”) and Viking Global Investors LP (the “Viking Selling Stockholders”), collectively, the “Selling Stockholders,” at a public offering price of $34.25 per share.
The Selling Stockholders received the offered shares upon conversion of then-existing 5.5% Series B Perpetual Convertible Preferred Stock (the “Series B Preferred Shares”).
In connection with the offering, the Selling Stockholders granted the underwriters a 30-day option to purchase up to 1,585,365 additional shares of common stock held by the Selling Stockholders.
APi is not selling any shares of common stock and will not receive any proceeds from the sale of the shares of common stock in the offering.

APi Group Announces Launch of Secondary Public Offering of Common Stock

Retrieved on:

水曜日, 2月 28, 2024

In connection with the offering, the Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to 1,219,510 additional shares of common stock held by the Selling Stockholders.

Key Points:

In connection with the offering, the Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to 1,219,510 additional shares of common stock held by the Selling Stockholders.
APi is not selling any shares of common stock and will not receive any proceeds from the sale of the shares of common stock in the offering.
UBS Investment Bank and Citigroup are acting as joint bookrunning managers for the offering and Blackstone Securities Partners L.P. is acting as co-manager.
The offering of the shares of common stock is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.