Stonepeak Makes £450M Minority Investment in The AA

Basing Bidco (TowerBrook & Warburg Pincus) Completes Acquisition of AA plc

March 10, 2021

Automotive

Basing Bidco Limited, an acquisition vehicle indirectly owned by funds managed by TowerBrook and Warburg Pincus, completed the recommended cash acquisition of The AA plc on 10 March 2021 for 35p per share, valuing the company at approximately £219 million. The new owners announced a further £450 million injection to deleverage the business and appointed Rick Haythornthwaite as Non-Executive Chairman to support a recovery and growth plan.

Stonepeak Acquires Majority Controlling Interest in Castrol from bp (65% Stake)

December 24, 2025

Energy

Stonepeak has agreed to acquire a majority controlling interest in Castrol from bp in a transaction valuing the lubricants business at an enterprise value of approximately $10.1 billion. bp will retain a 35% minority stake, while CPP Investments will invest up to USD $1.05 billion in support of the deal; the transaction is expected to close by the end of 2026, subject to regulatory approvals.

Stonepeak to Acquire Textainer Group Holdings for $7.4 Billion

October 26, 2023

Transportation

Textainer Group Holdings Limited (an intermodal container lessor) entered into a definitive agreement to be acquired by Stonepeak for an enterprise value of about $7.4 billion. Under the deal terms, Textainer common shareholders will receive $50 per share in cash, and the transaction is expected to close in the first quarter of 2024, subject to customary conditions and approvals.

Blackstone's BAAM Takes Minority Stake in BC Partners

August 6, 2019

Financial Services

Blackstone Alternative Asset Management (BAAM), through its Strategic Capital Group, acquired a passive minority investment in international private equity firm BC Partners. The minority investment provides BC Partners with additional balance sheet capital to support expansion of its private equity business and build out new capabilities such as real estate and private credit.

Brookfield Asset Management to Acquire Peakstone Realty Trust in $1.2 Billion All-Cash Deal

February 2, 2026

Real Estate

Brookfield Asset Management (via a Brookfield private real estate fund) entered into a definitive agreement to acquire Peakstone Realty Trust for $21.00 per share in cash, valuing the deal at approximately $1.2 billion. The acquisition will expand Brookfield’s industrial real estate platform by adding Peakstone’s industrial outdoor storage (IOS) and traditional industrial property portfolio.

Stonepeak Completes Acquisition of Air Transport Services Group (ATSG)

November 4, 2024

Transportation

Stonepeak completed its all-cash acquisition of Air Transport Services Group (ATSG) for an enterprise valuation of approximately $3.1 billion. ATSG shareholders received $22.50 per share in cash and ATSG’s common shares ceased trading and delisted from NASDAQ.