Blackstone to Acquire Majority Stake in Jersey Mike's Subs

Blackstone Majority Stake Acquisition of CMIC Co

March 11, 2025

Healthcare Services

Funds managed by Blackstone have entered into a definitive agreement to acquire a majority stake in CMIC Co., Japan’s leading contract research organization (CRO). Blackstone will acquire 60%, while CMIC Holdings Co., Ltd. (CMIC HD) will retain 40%.

Blackstone Growth Makes Growth Investment in 7 Brew Coffee

February 14, 2024

Restaurants & Hospitality

Blackstone Growth (Blackstone) has made a growth equity investment in 7 Brew Coffee to accelerate the drive-thru beverage chain's U.S. expansion. Jimmy John Liautaud is identified as a selling shareholder; terms were not disclosed.

Co-CEOs Buy Mountain Mike's Pizza from Levine Leichtman Capital Partners

February 16, 2022

Restaurants & Hospitality

Levine Leichtman Capital Partners has sold its investment in Mountain Mike's Pizza to an entity controlled by the company's co-CEOs, Chris Britt and Ed St. Geme, in a management-led buyout. Mountain Mike's Pizza is a franchisor with over 245 stores across multiple western U.S. states and is headquartered in Newport Beach, California; LLCP had invested in the company in 2017 and helped drive store growth and franchising initiatives.

Blackstone Makes Minority Investment in Sia Partners (up to €250M)

December 17, 2024

Consulting

Funds managed by Blackstone's private equity strategy will make a minority investment of up to €250 million in Sia Partners. Founder and CEO Matthieu Courtecuisse retains a significant majority stake and will continue to lead the firm; the capital will support Sia's U.S. expansion, capability development (notably in AI), and strategic M&A.

General Atlantic Acquires Majority Stake in Joe & the Juice

November 13, 2023

Restaurants & Hospitality

General Atlantic has agreed to acquire a majority interest in Joe & the Juice from Valedo Partners, which will fully exit its investment. The investment will support Joe & the Juice's international expansion (notably in the U.S., UK, Europe, Middle East and beyond), accelerate digital and franchise channels, and reduce debt to enable an unlevered store rollout.

Blackstone to Acquire Majority Stake in VFS Global from EQT Private Equity

October 7, 2021

Government & Public Sector

Private equity funds managed by Blackstone have signed a definitive agreement to acquire a majority stake in VFS Global from EQT Private Equity, with EQT retaining a minority position alongside the Kuoni and Hugentobler Foundation. VFS Global, headquartered in Zurich and Dubai, is the world's largest visa outsourcing services provider; Blackstone said it will help accelerate the company's digitization, expand into adjacent services, and capitalize on the global travel recovery. The transaction was expected to close by Q1 2022.