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    BMBL   US12047B1052

BUMBLE INC.

(BMBL)
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Bumble : Blackstone closes inaugural growth equity fund at $4.5 billion

03/19/2021 | 07:51am EDT
The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange

(Reuters) - Blackstone Group Inc, the world's largest manager of alternative assets such as private equity and real estate, said on Friday it closed Blackstone Growth (BXG), its inaugural growth equity fund, at $4.5 billion.

Blackstone said the fund was oversubscribed, with capital commitments from family offices, entrepreneurs, endowments, strategic institutional investors, pension funds and high-net-worth individuals.

BXG's investments include online dating company Bumble Inc and vegan food and drink products maker Oatly, which counts Oprah Winfrey and rapper Jay-Z among its prominent backers, Blackstone said.

Large buyout firms are ramping up and preparing to launch new funds to invest in various types of assets. BXG has focused its investments on the financial services, enterprise and consumer technologies, healthcare and consumer sectors.

Blackstone is also seeking to raise $4 billion for a fund to invest in various asset classes, Reuters reported earlier this month citing people familiar with the matter.

Dubbed Blackstone Tactical Opportunities Fund IV, it will have a mandate to invest in assets that typically fall outside the scope of Blackstone's other funds, from timber and mines to oil tankers and satellites.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Krishna Chandra Eluri)


© Reuters 2021
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Financials (USD)
Sales 2021 724 M - -
Net income 2021 0,19 M - -
Net Debt 2021 312 M - -
P/E ratio 2021 7 944x
Yield 2021 -
Capitalization 6 689 M 6 689 M -
EV / Sales 2021 9,67x
EV / Sales 2022 7,64x
Nbr of Employees 700
Free-Float 39,0%
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Technical analysis trends BUMBLE INC.
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 68,71 $
Last Close Price 57,99 $
Spread / Highest target 41,4%
Spread / Average Target 18,5%
Spread / Lowest Target -12,1%
EPS Revisions
Managers and Directors
NameTitle
Whitney Wolfe Herd Chief Executive Officer & Director
Tariq M. Shaukat President
Anuradha B. Subramanian Chief Financial Officer
Ann Mather Chairman
Laura Franco Chief Legal & Compliance Officer
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