Associated tags: Financial services, Professional Services, NYSE, Blackstone, Finance, BX, Banking
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Supply Chain Management,
Technology,
Professional Services,
Food,
Beverage,
Other Technology,
Asset Management,
Retail,
Software,
Restaurant,
Bar,
Food Tech,
Finance,
Culture,
Supply chain management,
Digital,
Bregal Sagemount,
Partnership,
William Blair & Company,
Senior,
General Atlantic,
Family,
Cryptocurrency Buyers Edge Platform (the “Company”), a leader in digital procurement solutions for the foodservice industry, today announced a $425M preferred equity investment from a consortium led by General Atlantic Credit’s (“GA Credit”) Atlantic Park fund, alongside funds managed by Blackstone Tactical Opportunities (“Blackstone”) and investment funds managed by Morgan Stanley Tactical Value (“MS Tactical Value”).
Key Points:
- Buyers Edge Platform (the “Company”), a leader in digital procurement solutions for the foodservice industry, today announced a $425M preferred equity investment from a consortium led by General Atlantic Credit’s (“GA Credit”) Atlantic Park fund, alongside funds managed by Blackstone Tactical Opportunities (“Blackstone”) and investment funds managed by Morgan Stanley Tactical Value (“MS Tactical Value”).
- Buyers Edge Platform was founded in 1998 with the mission of revolutionizing the foodservice industry through technology, purchasing power, and partnership.
- Buyers Edge Platform partners with stakeholders across the industry value chain, including operators, distributors, and manufacturers, providing data visibility and purchasing transparency.
- J.P. Morgan Securities LLC and William Blair & Company, LLC served as placement agents to Buyers Edge Platform.
Professional Services,
Finance,
Construction & Property,
Asset Management,
REIT,
Banking,
Slate,
BofA Securities,
Culture,
BX,
Growth,
Goldman Sachs,
Aimco,
Simpson Thacher & Bartlett,
LLP,
Community,
Wells Fargo,
AIRC,
AIR,
Commercial property Blackstone (NYSE: BX) and Apartment Income REIT Corp. (NYSE: AIRC) (“AIR Communities” or the “Company”) today announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X (“Blackstone”) will acquire all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt.
Key Points:
- Blackstone (NYSE: BX) and Apartment Income REIT Corp. (NYSE: AIRC) (“AIR Communities” or the “Company”) today announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X (“Blackstone”) will acquire all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt.
- The transaction will strengthen the AIR mission to provide homes for others, be a great place to work, act as responsible stewards of AIR communities, and be a trusted partner to AIR investors.
- The AIR team is grateful to Blackstone for the opportunity and for its faith in what can be accomplished working together,” said Terry Considine, President & CEO of AIR Communities.
- Citigroup Global Markets Inc. is acting as AIR Communities’ financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as AIR Communities’ legal counsel.
Retrieved on:
Wednesday, March 20, 2024
TROY, Mich., March 20, 2024 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq: AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced the signing of a Turnkey Solventless Extraction and Lab Equipment Package with Blackstone Valley Cannabis (“Blackstone Valley” or the “Customer”), a licensed vertical operator based in Uxbridge, MA.
Key Points:
- TROY, Mich., March 20, 2024 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq: AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced the signing of a Turnkey Solventless Extraction and Lab Equipment Package with Blackstone Valley Cannabis (“Blackstone Valley” or the “Customer”), a licensed vertical operator based in Uxbridge, MA.
- Blackstone Valley Cannabis has purchased Pure Pressure’s Turnkey Solventless Extraction and Lab Equipment Package, which includes an Axis Trichome Separator Hash Washing and Filtration package along with a Longs Peak Rosin Press with automated pressure control.
- In addition, Blackstone Valley Cannabis has also elected Agrify’s 6-day on-site Advanced Solventless Training package, where Agrify’s Solventless Extraction Expert will train Blackstone Valley Cannabis’ team on Hash Washing, Freeze Drying, Pressing, Jar Tech, Mechanical Separation, and Vape Cart Formulation techniques.
- Agrify’s Turnkey Solventless Extraction and Lab Equipment package will allow Blackstone Valley Cannabis to create some of the most unique solventless-based products that will be offered into the Massachusetts market.”
Justine Vota, Extraction Laboratory & Kitchen Manager at BVC said, “We at Blackstone Valley Cannabis are extremely excited to be utilizing Pure Pressure Solventless Extraction equipment for our Hash-washing and Rosin-pressing endeavors.
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company”) today announced that it will publish its first quarter 2024 earnings presentation on its website at www.bxmt.com and file its Form 10-Q pre-market on Wednesday, April 24, 2024.
Key Points:
- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company”) today announced that it will publish its first quarter 2024 earnings presentation on its website at www.bxmt.com and file its Form 10-Q pre-market on Wednesday, April 24, 2024.
- The Company will also host a conference call the same day at 9:00 a.m.
- ET to review results.
- To register for the webcast, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1662838&tp_key=6e92f5954b
For those unable to listen to the live broadcast, there will be a webcast replay on the Company's website at www.bxmt.com beginning approximately two hours after the event.
Retrieved on:
Wednesday, March 27, 2024
Professional Services,
Health,
Finance,
Research,
Science,
Pharmaceutical,
Biotechnology,
Moderna,
Messenger,
Patient,
BX,
MRNA,
Vaccine Blackstone (NYSE:BX) announced today a new collaboration with Moderna, Inc. (NASDAQ: MRNA, “Moderna”) through a development and commercialization funding agreement where funds managed by Blackstone Life Sciences (“Blackstone”) will provide up to $750 million to fund Moderna’s influenza (“flu”) program.
Key Points:
- Blackstone (NYSE:BX) announced today a new collaboration with Moderna, Inc. (NASDAQ: MRNA, “Moderna”) through a development and commercialization funding agreement where funds managed by Blackstone Life Sciences (“Blackstone”) will provide up to $750 million to fund Moderna’s influenza (“flu”) program.
- This landmark collaboration is another example of our long-standing strategy to partner with the world’s leading life science companies to advance their critical path vaccines, medicines and medical technologies to patients,” said Nicholas Galakatos, Ph.D., Global Head of Blackstone Life Sciences.
- Achieving this ambition requires substantial investment in late-stage studies and we are excited to welcome Blackstone and their innovative financing model.”
This new collaboration continues Blackstone Life Sciences’ work and support for many of the world’s leading and most innovative biopharmaceutical and medical technology companies.
- Blackstone seeks to provide customized financing solutions for companies across therapeutic areas to support mission critical scientific innovation and advance important products to patients.
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) declared a dividend of $0.62 per share of class A common stock with respect to the first quarter of 2024. This dividend is payable on April 15, 2024 to stockholders of record as of the close of business on March 28, 2024.
Key Points:
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) declared a dividend of $0.62 per share of class A common stock with respect to the first quarter of 2024. This dividend is payable on April 15, 2024 to stockholders of record as of the close of business on March 28, 2024.
Professional Services,
Data Management,
Technology,
Finance,
Asset Management,
Banking,
Growth,
Partnership,
Infrastructure,
Insurance,
Credit,
Data Blackstone Credit & Insurance (“BXCI”) and Aligned Data Centers , a leading technology infrastructure company offering innovative, sustainable, and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale and enterprise customers, today announced a new strategic partnership.
Key Points:
- Blackstone Credit & Insurance (“BXCI”) and Aligned Data Centers , a leading technology infrastructure company offering innovative, sustainable, and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale and enterprise customers, today announced a new strategic partnership.
- Blackstone has provided an initial $600 million senior secured credit facility to support the development of Aligned’s newest and largest data center in West Jordan, Utah.
- The senior secured credit facility is committed entirely by insurance accounts managed by BXCI’s Infrastructure & Asset Based Credit Group.
- “Blackstone’s support contributes to Aligned’s continued growth in meeting the capacity demands of customers across the globe,” said Anubhav Raj, Chief Financial Officer at Aligned.
Retrieved on:
Tuesday, February 27, 2024
SEATTLE, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Rover Group, Inc. (“Rover” or the “Company”), the world’s largest online marketplace for pet care, today announced the completion of its acquisition by private equity funds affiliated with Blackstone (“Blackstone”) in an all-cash transaction valued at approximately $2.3 billion.
Key Points:
- SEATTLE, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Rover Group, Inc. (“Rover” or the “Company”), the world’s largest online marketplace for pet care, today announced the completion of its acquisition by private equity funds affiliated with Blackstone (“Blackstone”) in an all-cash transaction valued at approximately $2.3 billion.
- The transaction was previously announced on November 29, 2023 and was approved by Rover stockholders at Rover’s special meeting of stockholders held on February 22, 2024.
- With the completion of the acquisition, Rover stockholders are entitled to receive $11.00 in cash for each share of Rover common stock they owned immediately prior to the closing.
- Evercore acted as lead financial advisor and Moelis & Company LLC also acted as a financial advisor to Blackstone, and Kirkland & Ellis LLP acted as legal counsel to Blackstone.
Retrieved on:
Tuesday, February 27, 2024
Banking,
Professional Services,
Finance,
Elis James,
Barclays,
Investment banking,
Growth,
Sale,
Transaction,
Prudential regulation,
Account,
IRB,
Infrastructure,
PLC,
Update,
Blackstone Credit,
Credit,
Insurance,
Bank Barclays PLC ("Barclays") and Blackstone Credit & Insurance (“Blackstone”) today announced that Barclays Bank Delaware ("BBDE") has entered into an agreement with insurance accounts managed by Blackstone’s Asset Based Finance group, to sell approximately US$1.1 billion of currently outstanding credit card receivables (the “Transaction”) in relation to a defined set of Barclays-branded credit card accounts in the United States of America (the “Accounts”).
Key Points:
- Barclays PLC ("Barclays") and Blackstone Credit & Insurance (“Blackstone”) today announced that Barclays Bank Delaware ("BBDE") has entered into an agreement with insurance accounts managed by Blackstone’s Asset Based Finance group, to sell approximately US$1.1 billion of currently outstanding credit card receivables (the “Transaction”) in relation to a defined set of Barclays-branded credit card accounts in the United States of America (the “Accounts”).
- This is the first in a series of activities Barclays plans to conduct to reduce its risk-weighted assets (RWAs) and create additional lending capacity for BBDE.
- As part of the Transaction, BBDE will enter into a long-term strategic forward flow sale and servicing arrangement with Blackstone related to the Accounts.
- Barclays Bank PLC will invest into the Transaction alongside Blackstone’s insurance accounts.
Retrieved on:
Wednesday, February 21, 2024
Finance,
Professional Services,
Philanthropy,
Other Education,
Continuing,
Fund Raising,
University,
Foundation,
Other Philanthropy,
Education,
Senior,
Entrepreneurship,
Multimedia,
Thought,
Curriculum,
Learning,
School,
Prairie,
Prairie View A&M University,
Launch pad,
PVAMU,
Texas A&M University,
Student,
Management Blackstone today announced that the Blackstone Charitable Foundation has reached $10 million in funding in Texas through its signature program, LaunchPad.
Key Points:
- Blackstone today announced that the Blackstone Charitable Foundation has reached $10 million in funding in Texas through its signature program, LaunchPad.
- The program seeks to close the opportunity gap by equipping students with entrepreneurial skills and internship opportunities to help them build lasting careers.
- With continued migration of Fortune 500 companies to Texas, initiatives like LaunchPad will continue to help prepare Texas students to compete and thrive in a dynamic job market.
- “What the Blackstone Charitable Foundation is providing to our next generation of community and business leaders is truly remarkable,” said President LeGrande.
