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

Sequence Holdings and DFO Management Agree to Take The Baldwin Group Private

September 14, 2026

Insurance

Sequence Holdings and DFO Management agreed to acquire a majority interest in The Baldwin Group in an all-cash transaction valuing the company at approximately $7.7 billion, including assumed or refinanced net debt. The deal is expected to close in the first quarter of 2027, subject to shareholder and regulatory approvals; eligible employees may roll over equity and retain a significant minority stake.

Bayview Asset Management and Springmont Capital Take Majority Stake in BWE

July 27, 2026

Financial Services

Bayview Asset Management and Springmont Capital (the Morgan family office) have signed a definitive agreement to acquire a majority stake in commercial mortgage bank BWE. Bayview MSR Opportunity (US) Master Fund, L.P. will become BWE’s majority owner upon closing, while Springmont Capital will take a minority position; CEO DJ Effler will remain in his role and retain a significant minority stake. The transaction is expected to close in fall 2026, subject to regulatory approval and customary closing conditions.

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.

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.

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.