Blackstone Real Estate Acquires Village Hotels from KSL Capital Partners

KSL Capital Partners Takes Majority Stake in Soneva Group

May 23, 2025

Restaurants & Hospitality

An affiliate of KSL Capital Partners has converted securities to acquire a majority interest in Soneva Group, the sustainable ultra-luxury resort operator. The move builds on KSL's initial minority investment in 2019; Neil Gallagher has been appointed CEO as KSL positions Soneva for its next phase of growth. Financial terms were not disclosed.

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.

KSL Capital Partners Acquires The Westin Hilton Head Island Resort & Spa

September 25, 2025

Real Estate

KSL Capital Partners affiliates, via its Tactical Opportunities Fund, acquired The Westin Hilton Head Island Resort & Spa; terms were not disclosed. The oceanfront resort on Hilton Head Island features roughly 420 refreshed rooms, extensive event space and wellness amenities — the deal expands KSL’s travel & leisure portfolio with a high-quality beachfront asset in the Southeast United States.

Vitruvian Partners Acquires Sykes Cottages with Unitranche Financing from EQT Credit

November 1, 2019

Real Estate

Vitruvian Partners has acquired Sykes Cottages Holdings Limited, a UK-based vacation rental management business, with unitranche senior debt facilities provided by EQT Credit to finance the acquisition, refinance existing debt, and support future growth. Sykes operates a tech-enabled vacation rental platform managing tens of thousands of properties across the United Kingdom and New Zealand and will be supported by the new capital for continued expansion.

Blackstone Acquires Crown Resorts

June 24, 2022

Restaurants & Hospitality

Blackstone has completed the acquisition of Crown Resorts Limited, acquiring three integrated resort and casino properties in Melbourne, Perth and Sydney in the firm's largest Asia Pacific transaction. Blackstone said it will work with Crown's management and employees to transform the properties into world-class entertainment destinations, improve compliance and governance, and support the Australian tourism recovery; Crown employs roughly 20,000 people.

Barclays Bank UK PLC Acquires Kensington Mortgages from Blackstone and Sixth Street

June 24, 2022

Financial Services

Barclays Bank UK PLC agreed to acquire Kensington Mortgages (KMC and KMS) from funds affiliated with Blackstone Tactical Opportunities and Sixth Street; the deal was announced June 24, 2022 and completed March 1, 2023. The acquisition adds a specialist UK residential mortgage lender — with strong data and technology-driven underwriting and ~600 employees — to Barclays' UK mortgage capabilities.