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Blackstone Inc. (BX)

123.78

-0.53

(-0.43%)

At close: 4:00 PM EDT

123.67

-0.11

(-0.09%)

After hours: 7:22 PM EDT

Blackstone Credit and Insurance appoints Dan Leiter as Head of International

NEW YORK, April 24, 2024--Blackstone (NYSE:BX) today announced the appointment of Dan Leiter as Head of International for Blackstone Credit and Insurance (BXCI). In this role, reporting to Gilles Dellaert, Global Head of BXCI, Mr. Leiter will lead the activity and expansion of BXCI in EMEA and APAC. Additionally, Michael Carruthers is appointed as European Head of Private Credit, reporting to Mr. Leiter.

Business Wire 2 hours ago

BX
-0.43%
Blackstone Hires Morgan Stanley’s Leiter for Senior Credit Role

(Bloomberg) -- Blackstone Inc. is hiring a senior executive from Morgan Stanley to become head of international in its newly formed credit and insurance division.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapMeta Projects Higher Spending in Deeper Push Into AIBiden’s New Chopper Is Demoted After Scorching White House LawnDan

Bloomberg 2 hours ago

BX
-0.43%
Blackstone to Acquire Tropical Smoothie Cafe to Propel Leading Franchisor’s Continued Expansion

ATLANTA & NEW YORK, April 24, 2024--Blackstone announced today that private equity funds managed by Blackstone ("Blackstone") have entered into a definitive agreement to acquire Tropical Smoothie Cafe, a leading franchisor of fast casual restaurants, from Levine Leichtman Capital Partners. This would be the first transaction from Blackstone’s most recent vintage of its flagship private equity vehicle, and is intended to help accelerate Tropical Smoothie Cafe's already-rapid expansion through con

Business Wire 2 hours ago

BX
-0.43%
UPDATE 3-Blackstone to buy restaurant chain Tropical Smoothie

Blackstone has agreed to buy Tropical Smoothie Cafe, the private equity firm said on Wednesday, in a deal that a source said valued the restaurant chain at $2 billion. The Atlanta-based company began operating as a single location on a beach in Destin, Florida, and now operates over 1,400 locations in 44 states. Reuters had reported in December, citing sources, that Levine Leichtman Capital Partners, the private equity owner of Tropical Smoothie, was preparing to put the chain up for sale for around $2 billion.

Reuters 4 hours ago

BX
-0.43%
Blackstone to buy restaurant chain Tropical Smoothie

The Atlanta-based company began operating as a single location on a beach in Destin, Florida, and now operates over 1,400 locations in 44 states. Reuters had reported in December, citing sources, that Levine Leichtman Capital Partners, the private equity owner of Tropical Smoothie, was preparing to put the chain up for sale for around $2 billion. Blackstone did not disclose terms of the deal, which marked its latest investment in a franchise business.

Reuters 4 hours ago

BX
-0.43%
Blackstone to Buy Franchiser Tropical Smoothie Cafe

Blackstone said Wednesday it is buying restaurant franchiser Tropical Smoothie Cafe. The firm is paying nearly $2 billion, including debt, for the company, which is currently owned by private-equity firm Levine Leichtman Capital Partners, according to people familiar with the matter. Based in Atlanta, Tropical Smoothie Cafe has over 1,400 locations in 44 states across the U.S. selling smoothies and other food items such as acai and yogurt bowls.

The Wall Street Journal 5 hours ago

BX
-0.43%
Tropical Smoothie Cafe sells to Blackstone

Terms of the transaction were not disclosed, but The Wall Street Journal reports it is worth roughly $2 billion.

Restaurant Dive 6 hours ago

BX
-0.43%
Globe Life (GL) Q1 Earnings Miss Estimates, Revenues Rise Y/Y

Globe Life's (GL) first-quarter results reflect a rise in premiums, improved net investment income and increased insurance underwriting income, offset by higher expenses.

Zacks yesterday

GL

BX
-0.43%
BLK
-0.50%
Blackstone’s Beleaguered Real-Estate Fund Stems Exodus

The firm was able to fulfill all investor redemption requests in February and March for the first time since late 2022.

The Wall Street Journal yesterday

AIRC

BX
-0.43%
Don't Buy Blackstone Inc. (NYSE:BX) For Its Next Dividend Without Doing These Checks

Blackstone Inc. ( NYSE:BX ) stock is about to trade ex-dividend in three days. The ex-dividend date occurs one day...

Simply Wall St. 2 days ago

BX
-0.43%
UPDATE 2-Blackstone tops Concord's bid for Shakira music owner Hipgnosis

Blackstone made a potential offer to buy Hipgnosis Songs Fund for about $1.5 billion, outbidding Apollo-backed Concord and triggering a takeover battle for the owner of music rights by artists including Shakira and Red Hot Chili Peppers. Hipgnosis shares rose 10% to 1.01 pounds ($1.25) in early trade, their highest level since September 2022. Blackstone's fourth and latest proposal valued Hipgnosis at $1.24 per share in cash, higher than Concord's $1.16 a share bid.

Reuters 2 days ago

HPGSF

BX
-0.43%
Blackstone Makes New $1.5 Billion Proposal to Buy Hipgnosis

(Bloomberg) -- Private equity firm Blackstone Inc. made a new proposal worth about $1.5 billion to purchase Hipgnosis Songs Fund Ltd., topping a bid made last week by music rights investor Concord. Most Read from BloombergElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTikTok to Remove Executive Tasked With Fending Off US ClaimsTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareChina Is Front and Center of Gold’s Record-Br

Bloomberg 3 days ago

BX
-0.43%
HPGSF
Blackstone Sells $1.1 Billion of Private Equity Fund Stakes to Ares

(Bloomberg) -- Blackstone Inc.’s Strategic Partners unit sold a $1.1 billion portfolio of private equity fund interests to Ares Management Corp.Most Read from BloombergTraders Are Cashing Out of Markets En MasseMagnificent Seven Earnings Arrive With Stocks at Critical MomentNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemTikTok Divest-or-Ban Bill Expected to Become US Law in DaysElon Wants His Money BackThe portfolio consists of older fund stakes that Strategic Partners

Bloomberg 5 days ago

BX
-0.43%
ARES
Blackstone Inc. (NYSE:BX) Q1 2024 Earnings Call Transcript

Blackstone Inc. (NYSE:BX) Q1 2024 Earnings Call Transcript April 18, 2024 Blackstone Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day. And welcome to the Blackstone First Quarter 2024 Investor Call. Today’s conference is being recorded. At this […]

Insider Monkey 5 days ago

BX
-0.43%
Blackstone First Quarter 2024 Earnings: EPS: US$1.12 (vs US$0.12 in 1Q 2023)

Blackstone ( NYSE:BX ) First Quarter 2024 Results Key Financial Results Revenue: US$3.58b (up 177% from 1Q 2023). Net...

Simply Wall St. 5 days ago

BX
-0.43%
Blackstone (BX) Q1 Earnings Meet Estimates, AUM Balance Up

Blackstone's (BX) Q1 earnings meet estimates. The company reports a rise in AUM balance, which, along with a slight turnaround in the operating backdrop, supports top-line growth.

Zacks 5 days ago

BX
-0.43%
UPDATE 2-Blackstone nears deal to sell S.Korean pharma wholesaler to MBK Partners, sources say

Private equity firm Blackstone Inc is nearing a deal to sell its controlling stake in South Korean wholesale drug distributor Geo-Young to North Asian buyout fund MBK Partners for over $1 billion, three sources said. Blackstone is in final negotiations with Seoul-headquartered MBK about the sale and signing of the deal could happen soon, said one of the sources, who all declined to be named as the information is confidential.

Reuters 5 days ago

BX
-0.43%
Heard on the Street Thursday Recap: Heavy Briefcases

Pension-fund managers are locking in equity gains and shifting money into other types of investments, such as bonds. In a world of high yields, it is hard to blame them. The nation’s largest public pension, the California Public Employees’ Retirement System, plans to move nearly $25 billion out of equities and into private equity and private debt.

The Wall Street Journal 5 days ago

TSM

TSMWF

^GSPC
Blackstone Inc (BX) (Q1 2024) Earnings Call Transcript Highlights: Robust Performance and ...

Discover key insights from Blackstone's Q1 2024 earnings, including significant income gains, strategic investments, and future growth initiatives.

GuruFocus.com 5 days ago

BX
-0.43%
Q1 2024 Blackstone Inc Earnings Call

Q1 2024 Blackstone Inc Earnings Call

Thomson Reuters StreetEvents 5 days ago

BX
-0.43%

Performance Overview

Return	BX	S&P 500
YTD	-4.73%	+6.33%
1-Year	+43.08%	+22.70%
3-Year	+58.57%	+21.33%

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Blackstone Inc. (BX)

Blackstone Credit and Insurance appoints Dan Leiter as Head of International

Blackstone Hires Morgan Stanley’s Leiter for Senior Credit Role

Blackstone to Acquire Tropical Smoothie Cafe to Propel Leading Franchisor’s Continued Expansion

UPDATE 3-Blackstone to buy restaurant chain Tropical Smoothie

Blackstone to buy restaurant chain Tropical Smoothie

Blackstone to Buy Franchiser Tropical Smoothie Cafe

Tropical Smoothie Cafe sells to Blackstone

Globe Life (GL) Q1 Earnings Miss Estimates, Revenues Rise Y/Y

Blackstone’s Beleaguered Real-Estate Fund Stems Exodus

Don't Buy Blackstone Inc. (NYSE:BX) For Its Next Dividend Without Doing These Checks

UPDATE 2-Blackstone tops Concord's bid for Shakira music owner Hipgnosis

Blackstone Makes New $1.5 Billion Proposal to Buy Hipgnosis

Blackstone Sells $1.1 Billion of Private Equity Fund Stakes to Ares

Blackstone Inc. (NYSE:BX) Q1 2024 Earnings Call Transcript

Blackstone First Quarter 2024 Earnings: EPS: US$1.12 (vs US$0.12 in 1Q 2023)

Blackstone (BX) Q1 Earnings Meet Estimates, AUM Balance Up

UPDATE 2-Blackstone nears deal to sell S.Korean pharma wholesaler to MBK Partners, sources say

Heard on the Street Thursday Recap: Heavy Briefcases

Blackstone Inc (BX) (Q1 2024) Earnings Call Transcript Highlights: Robust Performance and ...

Q1 2024 Blackstone Inc Earnings Call

Performance Overview