The global real-estate investment firm Blackstone announced the acquisition of a majority stake in the Chinas Greater Bay Areas largest urban logistics park for US$1.1 billion from R&F Group.
- This deal expands Blackstones China logistics portfolio by approximately one-third
- The Greater Bay Area is a fast-growing metropolitan area comprising 11 cities including Shenzhen, Macau, and Hong Kong.
The major investments and acquisitions by Blackstone are mentioned below:
Aug 2020: Blackstone had entered into an agreement to acquire Takeda Consumer Healthcare Company Limited a wholly-owned subsidiary of Takeda in Japan for approximately $2.2 billion.
Aug 2020: Blackstone signed a definitive agreement to acquire Ancestry from Silver Lake, GIC, Spectrum Equity, Permira, and other equity holders for a total enterprise value of $4.7 billion. GIC will continue to retain a significant minority stake in Ancestry.
April 2020: Blackstone announced a strategic collaboration with Alnylam Pharmaceuticals to support the advancement of innovative RNA interference (RNAi) medicines by the Alnylam. Blackstone support Alnylam with approximately $2 billion.
March 2020: Blackstone announced to acquire a majority stake in Massachusetts based HealthEdge, a leading technology business that delivers next generation Core Administrative Processing Systems (CAPS) solutions to healthcare businesses.
November 2019: Blackstone Life Sciences along with Ferring Pharmaceuticals announced the joint investment of over $570 million in nadofaragene firadenovec (rAd-IFN/Syn3), an investigational novel gene therapy in late stage development for patients with high-grade, Bacillus Calmette-Guérin (BCG) unresponsive, non-muscle invasive bladder cancer (NMIBC).
November 2019: Blackstone Real Estate Income Trust (BREIT) announced the closing of the previously announced 95%/5% BREIT-led joint venture with MGM Resorts to acquire the real estate assets of the Bellagio for approximately $4.25 billion.
New York City based Blackstone is a worlds leading investment firm. The company has $571 billion of asset management businesses which includes investment vehicles focused on private equity, real estate, public debt and equity, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.