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The company became Brixmor Property Group and Blackstone sold its remaining interest in the company in August 2016. [83] In November 2011, a fund managed by the company acquired medical biller Emdeon for $3 billion. [84] In late 2011, Blackstone Group LP acquired Jack Wolfskin, a German camping equipment company. In 2017, the company was handed ...
Stephen Allen Schwarzman (born February 14, 1947) is an American businessman. He is the chairman and CEO of the Blackstone Group, a global private equity firm he established in 1985 with Peter G. Peterson.
In 1992, Gray joined Blackstone's mergers and acquisitions and private equity group, [6] and joined its newly formed real estate private equity group the following year. He became co-head of the real estate group in 2005 and global head of real estate in 2011, [7] overseeing a portfolio of hotel, office, retail, industrial, and residential properties in the U.S., Europe, and Asia.
On October 7, 2009, the discussions came to fruition as Anheuser-Busch InBev announced plans to sell Busch Entertainment Corporation to the Blackstone Group in a deal worth approximately US$2.7 billion. [25] [26] As part of the deal, Blackstone maintained the current management team from Busch Entertainment and operate it as a separate entity. [25]
In August 2020, The Blackstone Group announced plans to acquire Ancestry for $4.7 billion, [7] and in December 2020 the acquisition occurred. In February 2021, Ancestry announced Deb Liu, a former Facebook executive, as their CEO effective March 1. [55] In November 2021, Ancestry announced the acquisition of French Genealogy Company Geneanet. [56]
Blackstone Group is a giant asset management firm. When it makes bets, they have to be big or they aren't worth making. Now that it's set to launch its fourth real estate investment trust (REIT ...
In 2011, The Blackstone Group acquired Centro Properties Group US from Centro Retail Trust, and the entity changed its name to Brixmor. [6] [7] [8] In 2012, the company hired Madison Marquette to manage 7 centers that were acquired from Westfield Group. [9] In October 2013, the company became a public company via initial public offering. [10] [11]
Harris began contemplating investing in sports after meeting senior Blackstone executive David Blitzer in 2008 while working in London. [31] [32] Those talks led to the pair forming an investment group that, in 2011, bought the Philadelphia 76ers of the National Basketball Association (NBA) from Comcast Spectacor for $280 million. [33]