Blackstone Inc. (NYSE:BX) completed the acquisition of additional 33.1% stake in Infocom Corporation for ¥110 billion in a tender offer transaction.
July 30, 2024
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Blackstone Inc. (NYSE:BX) entered into the Basic Transaction Agreement to acquire 41.98% stake in Infocom Corporation (TSE:4348) for ¥140 billion in a tender offer transaction on June 18, 2024. A cash consideration valued at ¥6060 per share and of ¥1 per unit of stock acquisition right will be paid by Blackstone Inc. The transaction will be financed through it's own funds of ¥14.2 billion. Blackstone Inc. expects that the Infocom Corporation?s management team will continue to play a leading role in the business operation. Transaction is subject to and has already been approved by Infocom Corporation's board. Transaction is expected to complete on July 31, 2024.
Goldman Sachs Japan Co., Ltd. acted as Financial advisor to Blackstone Inc. Anderson Mori & Tomotsune LPC acted as legal advisor to Blackstone Inc. TMI Associates acted as legal advisor to Tejin limited. Anthony King, Étienne Renaudeau, Shahpur Kabraji, Andrew Bechtel, Alvin Kwong, Meredith Jones and Steven Klar of Simpson Thacher & Bartlett LLP acted as legal advisor to Blackstone Inc. (NYSE:BX).
Blackstone Inc. (NYSE:BX) completed the acquisition of additional 33.1% stake in Infocom Corporation (TSE:4348) for ¥110 billion in a tender offer transaction on July 31, 2024.
Blackstone Inc. is an investment firm. The Company's asset management business includes investment vehicles, which is focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, and secondary funds. The Company operates through four segments: Real Estate, Private Equity, Credit & Insurance, and Hedge Fund Solutions. Its Blackstone Real Estate Partners (BREP) business makes investments in logistics, office, rental housing, hospitality, and retail properties, as well as in a variety of real estate operating companies. The Private Equity segment includes Blackstone Capital Partners, Blackstone Energy Transition Partners, Blackstone Capital Partners Asia, and Blackstone Core Equity Partners. The Credit & Insurance segment includes Blackstone Credit and Blackstone Insurance Solutions (BIS). The Hedge Fund Solutions segment includes Blackstone Alternative Asset Management and GP Stakes businesses.
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