Blackstone Inc.

Alight Announces Upsize and Pricing of Secondary Offering

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木曜日, 3月 2, 2023

Alight, Inc. (“Alight”) (NYSE: ALIT), a leading cloud-based human capital technology and services provider, today announced the upsize and pricing of the previously announced underwritten secondary public offering of Alight’s Class A common stock by certain funds affiliated with Blackstone Inc., Jasmine Ventures Pte.

Key Points:

Alight, Inc. (“Alight”) (NYSE: ALIT), a leading cloud-based human capital technology and services provider, today announced the upsize and pricing of the previously announced underwritten secondary public offering of Alight’s Class A common stock by certain funds affiliated with Blackstone Inc., Jasmine Ventures Pte.
The size of the offering increased from the previously announced 40,000,000 shares to 46,000,000 shares of Alight’s Class A common stock, at a public offering price of $9.00 per share.
Alight is not selling any shares of Class A common stock in the offering and will not receive any proceeds from the offering.
This offering is not conditioned upon the completion of the share repurchase, but the share repurchase is conditioned upon the completion of this offering.

Alight Announces Commencement of Secondary Offering

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水曜日, 3月 1, 2023

Alight, Inc. (“Alight”) (NYSE: ALIT), a leading cloud-based human capital technology and services provider, today announced the commencement of an underwritten secondary public offering of up to 40,000,000 shares of Alight’s Class A common stock by certain funds affiliated with Blackstone Inc., Jasmine Ventures Pte.

Key Points:

Alight, Inc. (“Alight”) (NYSE: ALIT), a leading cloud-based human capital technology and services provider, today announced the commencement of an underwritten secondary public offering of up to 40,000,000 shares of Alight’s Class A common stock by certain funds affiliated with Blackstone Inc., Jasmine Ventures Pte.
Alight is not selling any shares of Class A common stock in the offering and will not receive any proceeds from the offering.
This offering is not conditioned upon the completion of the share repurchase, but the share repurchase is conditioned upon the completion of this offering.
J.P. Morgan and BofA Securities are acting as joint lead book-running managers of, and as representatives of the underwriters for, the offering.

Crescent Capital Group Announces Hiring of Jonathan Harari as Global Head of Investor Solutions Group

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火曜日, 2月 28, 2023

Professional Services, Finance, Blackstone Inc., Harari, Crescent Capital Group, LLP, Partner (business rank), PIMCO, Capital Group Companies, The, Financial services, Crescent

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that Jonathan Harari has joined the company as Global Head of its Investor Solutions Group.

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Crescent Capital Group LP, a leading alternative credit investment firm, announced today that Jonathan Harari has joined the company as Global Head of its Investor Solutions Group.
Based in New York, Mr. Harari is responsible for developing and executing Crescent’s strategic sales and marketing plan for clients and assets, including identifying potential new investors, developing and maintaining client relationships, designing new investment solutions and managing Crescent’s investor relations and client solutions team.
Mr. Harari brings more than 15 years of investment experience to Crescent Capital.
Mr. Harari added, “Crescent has a multi-decade history of outstanding team continuity and investment focus in both public and private credit.

Jarrett Appleby, Josh Noll and Paul Hopkins to support Elea Digital international growth

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月曜日, 2月 27, 2023

Cloud, Ecosystem, IA Financial Group, Digital Realty, Equinix, Elea, RIO, Microsoft, Lumen Technologies, Blackstone Inc., Management

RIO DE JANEIRO, Feb. 27, 2023 /PRNewswire/ -- Elea Digital announces the formation of its strategic growth advisory board, adding Jarrett Appleby, Josh Noll and Paul Hopkins to support as senior advisors its executive team.

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RIO DE JANEIRO, Feb. 27, 2023 /PRNewswire/ -- Elea Digital announces the formation of its strategic growth advisory board, adding Jarrett Appleby, Josh Noll and Paul Hopkins to support as senior advisors its executive team.
Alongside Elea's Board of Directors, and with the coordination of Tito Costa, company Chief Revenue Officer, the three experienced professionals will advise the internationalization of Elea Digital data center business and support strong revenue growth.
Josh Noll is a venture capitalist in the digital infrastructure landscape and has worked on prestigious global assignment such as Microsoft network acquisitions, Twitch and Netskope infrastructure.
"Brazilian digital infrastructure needs to reduce the gap with more developed markets such as the US and Europe", said Alessandro Lombardi, President of Elea Digital.

Blackstone Credit Announces Name Changes for Two Closed-End Funds to Specify "2027 Term" in Name

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木曜日, 2月 23, 2023

Funding, NYSE, Blackstone Credit, Blackstone Inc., Blackstone, BSL, Penn State Board of Trustees, Credit, BGB, Security (finance), Fund

NEW YORK, Feb. 23, 2023 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the credit-focused business of Blackstone Inc., "Blackstone Credit"), announced name changes for two listed closed-end funds it advises.

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NEW YORK, Feb. 23, 2023 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the credit-focused business of Blackstone Inc., "Blackstone Credit"), announced name changes for two listed closed-end funds it advises.
The name changes are being made to clarify the limited terms already in place for the funds, which are both anticipated to be dissolved in 2027.
Blackstone Senior Floating Rate Term Fund (NYSE: BSL) and Blackstone Strategic Credit Fund (NYSE: BGB) (each a "Fund" and together the "Funds") are being renamed to "Blackstone Senior Floating Rate 2027 Term Fund" and "Blackstone Strategic Credit 2027 Term Fund", respectively, effective March 6, 2023.
Blackstone Credit expects that the Funds will work toward wind-downs on or around those dates and intends to manage the Funds accordingly.

Levine Leichtman Capital Partners to Sell GL Education

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火曜日, 2月 21, 2023

Education, Professional Services, Other Education, Finance, Learning, Francisco Partners, Partnership, Partner, Willkie Farr & Gallagher, School, Growth, GL, Sale, Student, Blackstone Inc., Tutoring, Renaissance

Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced today that it has agreed to sell its portfolio company GL Education to Renaissance, a portfolio company of Blackstone Group and Francisco Partners.

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Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced today that it has agreed to sell its portfolio company GL Education to Renaissance, a portfolio company of Blackstone Group and Francisco Partners.
Founded in 1980 and based in London, England, GL Education (known in the UK and Ireland as GL Assessment) was created to help educators ensure children realize their full potential with a “whole-child” approach to formative assessment.
GL Education is an investment of Levine Leichtman Capital Partners V, L.P.
Baird and Willkie Farr & Gallagher advised LLCP and GL Education on the transaction.

Ellipsis Health Announces Appointment of Jeff Clarke to Board of Directors

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水曜日, 2月 22, 2023

SAN FRANCISCO, Feb. 22, 2023 /PRNewswire/ -- Ellipsis Health , the market leader in AI-generated vocal biomarker technology, today announced that it has appointed Jeff Clarke to its Board of Directors.

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SAN FRANCISCO, Feb. 22, 2023 /PRNewswire/ -- Ellipsis Health , the market leader in AI-generated vocal biomarker technology, today announced that it has appointed Jeff Clarke to its Board of Directors.
"As Ellipsis Health works to bring AI-powered innovation to mental health care, we are delighted to add Jeff to our Board," said Mainul Mondal, founder and CEO, Ellipsis Health.
"Jeff's deep experience and insights will be invaluable to Ellipsis Health as we expand our reach and scale our solutions."
"It is a privilege to join the Ellipsis Health Board of Directors," said Jeff Clarke.

Bluestone Equity Partners Launches with $300 Million Growth Equity Fund Investing in Sports, Media & Entertainment

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水曜日, 10月 4, 2023

Bluestone Equity Partners (Bluestone), a private equity firm, today announced the successful closing of Bluestone Capital I, L.P., its inaugural $300 million growth equity fund focused on the global sports, media & entertainment industry.

Key Points:

Bluestone Equity Partners (Bluestone), a private equity firm, today announced the successful closing of Bluestone Capital I, L.P., its inaugural $300 million growth equity fund focused on the global sports, media & entertainment industry.
View the full release here: https://www.businesswire.com/news/home/20230208005218/en/
Sharma launches Bluestone as the next chapter in a decorated career spanning finance, strategy, management, operations, and law.
“We’re proud to unveil Bluestone Equity Partners and our first growth equity fund, to capitalize, guide, and grow high-quality assets in the sports, media, and entertainment industry,” said Sharma.
In many ways, Bluestone carries forward that legacy of creating value in sports, media, and entertainment as an asset class.

ERNESTA, A NEW DIRECT-TO-CONSUMER RUG COMPANY, WELCOMES KEY LEADERSHIP HIRES

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火曜日, 1月 31, 2023

NEW YORK, Jan. 31, 2023 /PRNewswire/ -- Ernesta (ernesta.com), a new direct-to-consumer rug company is delighted to announce today the appointment of a Chief Financial Officer, Chief Merchant, and leaders in Operations and Customer Service. These new hires will further strengthen Ernesta's expertise and elevate its design thought leadership as the company aims to become the design authority in the rug category and meet the growing consumer demand for soft flooring.

Key Points:

These new hires will further strengthen Ernesta's expertise and elevate its design thought leadership as the company aims to become the design authority in the rug category and meet the growing consumer demand for soft flooring.
The new hires bring extensive experience in their respective fields, which will be vital in ensuring Ernesta delivers a high quality product to its customers.
Jesse Selnick, Ernesta's new Chief Financial Officer, brings 25 years of financial leadership experience to the company.
Rosa Glenn, Ernesta's new Chief Merchandising Officer, is a designer turned merchant with a wealth of experience in the residential rug category.