The global investment firm 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.
- Ancestry is the global leader in digital family history services
- Ancestry operating in more than 30 countries with more than 3 million paying subscribers across its Ancestry online properties.
The major investments and acquisitions by Blackstone are mentioned below:
April 2020: The 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 will 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.
October 2019: Blackstone Real Estate Partners IX, an affiliate of Blackstone announced the acquisition of 65% controlling interest in Great Wolf Resorts, Inc.. Great Wolf is a leading owner and operator of family-oriented entertainment resorts, with 18 resorts around the country. As part of the transaction, Blackstone and Centerbridge will form a new $2.9 billion joint venture to own the Company.
September 2019: Blackstone Real Estate Partners IX, an affiliate of Blackstone announced an agreement to acquire Colony Industrial, the industrial real estate assets and affiliated industrial operating platform of Colony Capital, for an aggregate purchase price of $5.9 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.