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Asset Management M&A image Asset Management M&A » By The Online Investor Staff, updated Wed., Sep. 23, 8:55 PM Recent mergers and acquisitions in the Asset Management M&A category.

Slide #41. Blackstone Capital Trust Investment Management Platform

Acquirer: Blackstone (BX)
Acquiree: Capital Trust Investment Management Platform (CT)
Details: Capital Trust, Inc. announced a definitive agreement under which an affiliate of Blackstone will acquire its investment management business, operated through its subsidiary, CT Investment Management Co., LLC. Under the terms of the agreement, Blackstone will acquire CTIMCO and its fund co-investments for $20 million. Blackstone will also manage Capital Trust and purchase an 18.2% equity stake in the company. Following the closing, CTIMCO will be integrated into Blackstone's Real Estate Debt Strategies business. In conjunction with the transaction, Capital Trust will declare a $2.00 per share special cash dividend, which will be payable as soon as practicable following closing to shareholders of record entitled to vote at a special meeting of shareholders that will be called to approve the transaction. The sources of funds for the special dividend will be cash on hand prior to the transaction and the proceeds from the sale of CTIMCO and related fund co-investments.

Blackstone Group is an investment firm. Co.'s asset management businesses include investment vehicles focused on real estate, private equity, public debt and equity, equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Co.'s business is organized into four segments: Real Estate, Private Equity, Hedge Fund Solutions and Credit. Co.'s activities are conducted through its holding partnerships: Blackstone Holdings I L.P., Blackstone Holdings AI L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P.

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Blackstone Group is an investment firm. Co.'s asset management businesses include investment vehicles focused on real estate, private equity, public debt and equity, equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Co.'s business is organized into four segments: Real Estate, Private Equity, Hedge Fund Solutions and Credit. Co.'s activities are conducted through its holding partnerships: Blackstone Holdings I L.P., Blackstone Holdings AI L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P.

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Company Name: 
Blackstone Group Inc (The)
Website: 
www.blackstone.com
Sector: 
Asset Management
Number of ETFs Holding BX: 
47
Total Market Value Held by ETFs: 
$2.01B
Total Market Capitalization: 
$34.71B
% of Market Cap. Held by ETFs: 
5.79%
Company Name: 
Blackstone Mortgage Trust Inc
Website: 
www.capitaltrust.com
Sector: 
REITs
 

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