MW Group-Blackstone Real Estate-DivcoWest JV Takes Alexander & Baldwin Private in $2.3 Billion Deal

Blackstone Real Estate Partners X Takes AIR Communities Private in ~$10 Billion Deal

June 28, 2024

Real Estate

Blackstone Real Estate Partners X agreed to acquire all outstanding common shares of Apartment Income REIT Corp. (AIR Communities) for $39.12 per share in an all-cash transaction valued at about $10 billion, including the assumption of debt. Blackstone planned to invest over $400 million to maintain and improve AIR’s rental housing communities, and the deal was expected to close in Q3 2024. The follow-on update states Blackstone has completed the privatization.

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).

SPB Hospitality Acquires J. Alexander's Holdings for $220 Million

September 30, 2022

Restaurants & Hospitality

SPB Hospitality LLC completed its acquisition of J. Alexander's Holdings, Inc. in an all-cash transaction valued at approximately $220 million. Upon closing, each J. Alexander's share was converted into the right to receive $14.00 in cash per share.

Blackstone-led Consortium Acquires Emerson's Remaining Interest in Copeland

June 6, 2024

Manufacturing

Private equity funds managed by Blackstone, with investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and GIC, will acquire Emerson's remaining 40% interest in the Copeland joint venture (formerly Emerson Climate Technologies) for approximately $3.5 billion. The deal — in which Copeland will repurchase the seller's note — furthers Emerson's portfolio simplification and is expected to close in the second half of 2024, subject to regulatory approvals.

Global Infrastructure Partners and EQT Consortium to Acquire The AES Corporation in $10.7B Deal

March 2, 2026

Infrastructure

The AES Corporation has entered into a definitive agreement to be acquired for $15.00 per share in an all-cash transaction valued at $10.7 billion in equity value by a consortium led by Global Infrastructure Partners (a part of BlackRock) and EQT Infrastructure VI. The deal is expected to close in late 2026 or early 2027, subject to shareholder approval and regulatory clearances, and will take AES private.

Titan Wealth Holdings Agrees to Acquire Blacktower Group

October 13, 2025

Financial Services

Titan Wealth Holdings has agreed terms to acquire the Blacktower Group of Companies in a cross-border wealth management deal. Following completion and subject to regulatory approval, the businesses will be merged into Titan Wealth International, creating a larger global platform with expanded licensing, discretionary investment management services, and client support infrastructure.