![]() ![]() But how did Blackstone do it? It used a strategy called the Leveraged Buyout. In 2018 when Blackstone group finally sold the last remaining stake in the company, it had realized profits close to $14 Billion (almost 3x returns). We are delighted that a company with the resources and reputation of Blackstone fully appreciates the value inherent in our global presence, strong brands, industry-leading marketing and technology programs, and unique portfolio of hotel properties.” ( Blackstone Press Release, 3rd July 2007) Our Board of Directors concluded that this transaction provides compelling value for our shareholders with a significant premium. “Our priority has always been to maximize shareholder value. Blackstone group took Hilton Worldwide (then Hilton Hotels Corporation) private in an all-cash LBO deal worth $26 billion, out of which $20.5 Billion (78.4%) was financed through debt and $5.6 Billion through equity.īlackstone bought all outstanding common stock of Hilton at $47.50 (a 40% premium). ![]()
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