Blackstone Tactical Opportunities Acquires Majority Stake in New Tradition Media

New Tradition Acquires Los Angeles Billboard Inventory from Becker Boards

April 2, 2024

Media & Entertainment

New Tradition, a Blackstone-backed out-of-home media company, acquired a portfolio of Los Angeles billboard inventory from Becker Boards, adding 11 static walls/bulletins and 10 digital bulletin faces. The acquisition expands New Tradition's Los Angeles footprint to over 140 large-format digital and static signs, extending reach into new neighborhoods along the I-605 and Oakwood west of Silver Lake.

Blackstone Tactical Opportunities Acquires Majority Stake in ZO Skin Health

October 5, 2020

Consumer Products

Funds managed by Blackstone Tactical Opportunities have acquired a majority stake in ZO Skin Health, the Irvine, California–based physician-dispensed skincare brand founded by Dr. Zein Obagi. The investment will provide ZO with additional resources to support global growth; financial terms were not disclosed.

Blackstone Tactical Opportunities Makes £140M Strategic Investment in Currencies Direct

March 8, 2022

Payments & Fintech

Funds managed by Blackstone Tactical Opportunities agreed to make a £140 million minority strategic investment in Currencies Direct, partnering with the company's management and existing sponsors Palamon Capital Partners and Corsair, who will retain a majority co-controlling stake. The capital will be used to accelerate Currencies Direct’s growth—including targeted M&A—and Blackstone will join the company's board to support expansion of its digital FX and international payments platform.

Blackstone Tactical Opportunities Acquires Sustana Group

December 1, 2021

Packaging

Funds managed by Blackstone Tactical Opportunities have acquired Sustana Group, a North American manufacturer of recycled fiber, paper and sustainable packaging products, from an affiliate of H.I.G. Capital. The transaction positions Sustana to accelerate expansion and capitalize on growing ESG-driven demand for sustainable packaging and premium papers under Blackstone's ownership.

B Media Group Acquires Tactical Media Group

May 28, 2021

Media & Entertainment

B Media Group, a leading out-of-home media company in Puerto Rico, has acquired Tactical Media Group to expand its media offerings and strengthen its position in the Puerto Rican market. The acquisition aims to broaden client solutions, enhance creative and analytics capabilities, and consolidate market share across the island.

Blackstone Tactical Opportunities Invests in DECA Dental Group

August 26, 2021

Healthcare Services

Funds managed by Blackstone Tactical Opportunities have made a strategic investment in DECA Dental Group, a Dallas-based dental service organization founded by Dr. Sulman Ahmed. Blue Sea Capital sold its interest as part of the transaction while DECA's management, led by Dr. Ahmed, remain meaningful owners; the investment will support DECA's continued national expansion of its multi-location dental platform.