Blackstone Products Becomes Public Through Business Combination With Ackrell SPAC Partners

Blackstone Acquires Majority Stake in SPANX

October 20, 2021

Consumer Products

Blackstone (through its Blackstone Growth and Tactical Opportunities businesses) agreed to acquire a majority stake in SPANX, Inc. at a $1.2 billion valuation, with founder Sara Blakely retaining a significant equity stake and becoming Executive Chairwoman. The investment is intended to accelerate SPANX's digital transformation, expand its global footprint, and support product and category growth across e-commerce and retail channels.

Akili Interactive Completes Business Combination With Social Capital Suvretta Holdings Corp. I

August 20, 2022

Healthcare Services

Akili Interactive completed its previously announced business combination with Social Capital Suvretta Holdings Corp. I (SCS), a SPAC, to become a publicly traded company on Nasdaq under the ticker symbol AKLI. The transaction raised over $163 million and is intended to fund the commercial launch of EndeavorRx and advance Akili’s pipeline of prescription digital therapeutics.

Blackstone Energy Partners Invests $400M in Xpansiv

July 6, 2022

Energy

Funds managed by Blackstone Energy Partners committed $400 million to lead a strategic growth investment in Xpansiv, the market-infrastructure platform for carbon and environmental commodities. The capital will help Xpansiv scale its exchange, product offerings and pursue further acquisitions to support global decarbonization efforts.

PAI Partners and KIRKBI A/S Acquire Armacell from Blackstone

December 4, 2019

Manufacturing

PAI Partners and KIRKBI A/S have agreed to acquire Armacell from private equity funds managed by Blackstone, with PAI becoming the majority shareholder and KIRKBI increasing its stake to a significant minority. Armacell is a Luxembourg-headquartered manufacturer of flexible and engineered foams with 24 manufacturing facilities and over 3,000 employees; CEO Patrick Mathieu will remain in place. Terms are confidential and subject to regulatory approvals, and the buyers plan to support Armacell's growth, product innovation and global expansion.

Blackstone to Acquire QTS Realty Trust in ~$10 Billion All-Cash Transaction

June 7, 2021

Infrastructure

QTS Realty Trust and Blackstone announced they entered into a definitive agreement under which Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc., and other perpetual capital vehicles managed by Blackstone will acquire all outstanding shares of QTS for $78.00 per share in an all-cash transaction valued at approximately $10 billion, including assumed debt. The transaction is expected to close in the second half of 2021, subject to stockholder approval and customary closing conditions.

TradeStation Group to Become Public via Business Combination with Quantum FinTech Acquisition Corporation

December 27, 2021

Financial Services

TradeStation Group, Inc. filed a registration statement on Form S-4 in connection with its proposed business combination with Quantum FinTech Acquisition Corporation (a SPAC), under which TradeStation would become a public, NYSE-listed company. The transaction was executed via a definitive business combination agreement and is expected to close in the first half of 2022, subject to shareholder and SEC approvals and other customary conditions.