Blackstone Acquires Rover Group for $2.3 Billion

Nebula Caravel (True Wind) Merges with A Place for Rover to Form Rover Group, Inc.

July 30, 2021

E-Commerce

A Place for Rover, Inc. (Rover) entered into a business combination with Nebula Caravel Acquisition Corp., a SPAC sponsored by True Wind Capital, creating the publicly listed Rover Group, Inc. The transaction values the combined company at an enterprise value of approximately $1.35 billion and provides roughly $325 million in gross cash proceeds (including a $50 million private placement) to fund growth, market expansion, and product development.

Affiliates of Blackstone Real Estate Acquire Bluerock Residential Growth REIT

October 6, 2022

Real Estate

Affiliates of Blackstone Real Estate (Blackstone) completed an all-cash acquisition of Bluerock Residential Growth REIT, Inc. for $24.25 per share, valuing the transaction at approximately $3.6 billion. The deal included a spin-off of Bluerock's single-family rental business into a newly listed REIT, Bluerock Homes Trust (BHM).

Bansk Group Acquires PetIQ, Inc.

August 7, 2024

Consumer Products

Bansk Group, a New York-based consumer-focused private investment firm, agreed to acquire PetIQ, Inc. in an all-cash transaction valued at approximately $1.5 billion ($31.00 per share). The deal, approved by PetIQ’s board and completed on October 25, 2024, takes PetIQ private; the company will continue to be operated independently by its executive team and Bansk plans to invest in brand, marketing, capabilities and strategic growth initiatives.

Rover Acquires Cat In A Flat

October 31, 2024

Consumer Products

Rover, the Seattle-based online marketplace for pet care, has acquired Cat In A Flat, a London-founded cat-sitting marketplace. The acquisition expands Rover's European footprint (adding Switzerland, Belgium, Austria and Ireland) and will allow Cat In A Flat to continue operating under its own brand while benefiting from Rover's resources.

Blackstone Acquires International Data Group (IDG) for $1.3B

November 17, 2021

Data & Analytics

Blackstone’s private equity funds have completed the acquisition of International Data Group, Inc. (IDG) from Oriental Rainbow, LLC (a China Oceanwide subsidiary) for an enterprise value of $1.3 billion. IDG — which includes IDC and IDG Communications — provides market intelligence, data and technology-focused media; Blackstone said it will partner with IDG to expand product offerings and drive technology innovation.

Rover Group Acquires Meowtel

January 28, 2026

E-Commerce

Rover Group, Inc. has acquired Meowtel Inc., a U.S.-focused cat-sitting marketplace, to accelerate Rover's investment in cat-centric care. Meowtel will continue to operate as an independent brand under its co-founders Sonya Petcavich (CEO) and Bruno Leveque (CTO); terms were not disclosed.