Blackstone Acquires Crown Resorts

Blackstone Real Estate Acquires Village Hotels from KSL Capital Partners

June 26, 2024

Restaurants & Hospitality

Funds managed by Blackstone Real Estate have completed the acquisition of Village Hotels from affiliates of KSL Capital Partners. Village Hotels owns and operates 33 hotels across the United Kingdom (approximately 4,400 keys) with integrated fitness clubs, food & beverage outlets and co-working spaces; Blackstone said it plans to expand the number of hotels in the UK and enhance existing facilities.

Alibaba and Baring Private Equity Asia Lead $400M Investment in Masan's The CrownX

May 18, 2021

Retail

A consortium led by Alibaba Group and Baring Private Equity Asia agreed to acquire a 5.5% stake in The CrownX for USD 400 million, implying a pre-money valuation of about USD 6.9 billion. The investment includes a strategic cooperation agreement with Lazada to accelerate The CrownX's offline-to-online (O2O) capabilities and expand its digital grocery ecosystem across Vietnam.

Crown Products, Inc. Acquires Blakely Products Company

August 12, 2022

Building Products

Crown Products, Inc., a Bloomington, Minnesota-based distributor of flooring and installation products, has acquired Blakely Products Company, a Warren, Michigan–headquartered distributor with seven locations across Michigan and Northwest Ohio. The deal expands Crown's regional footprint in the Great Lakes/Upper-Midwest market and preserves Blakely's legacy and operations under Crown's broader distribution platform.

Bluestone Equity Partners Invests in PMY Group

July 28, 2023

Media & Entertainment

Bluestone Equity Partners, a New York-based sports, media & entertainment private equity firm, has made a growth equity investment in PMY Group, a Melbourne-founded venue, events and infrastructure technology solutions provider. The capital will support PMY's international expansion — including a planned relocation of its global headquarters from Melbourne to the United States — and accelerate organic growth and acquisitive expansion; Bobby Sharma of Bluestone will join PMY's board.

Harris Family Trusts Acquires Butlin's from Blackstone-backed Bourne Leisure

September 20, 2022

Restaurants & Hospitality

Funds managed by Blackstone's private equity and real estate businesses have agreed to sell Butlin's, the British seaside resorts operator, to a newly formed company backed by the Harris Family Trusts. The deal (reported at about £300m) returns the iconic brand to the founding Harris family and will allow Bourne Leisure and Blackstone to focus investment on their Haven and Warner businesses.

Blackstone-led Consortium to Acquire AirTrunk for A$24 Billion

September 4, 2024

Infrastructure

A consortium led and managed by Blackstone, together with the Canada Pension Plan Investment Board, agreed to acquire AirTrunk from Macquarie Asset Management and the Public Sector Pension Investment Board for an implied enterprise value of over A$24 billion. AirTrunk Founder and CEO Robin Khuda will remain as CEO while realising part of his stake; the deal is positioned to accelerate AirTrunk's growth across Asia Pacific to meet rising demand from cloud and AI customers.