Items Tagged with 'Blackstone Group'

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  • Blackstone’s Incenter completes acquisition of Agents National Title Insurance Company

    Continues Incenter’s recent string of acquisitions
    Over the last few years, Incenter, a Blackstone Group portfolio company, expanded its business offerings through a series of deals, including expanding into title and settlement services by acquiring Boston National. But the Boston National deal wasn’t Incenter’s only move into title and settlement services.
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  • Blackstone’s Incenter expands title services operation with new acquisition

    Announces plans to acquire Agents National Title Insurance Company
    In the last few years, Incenter grew its business by launching a mortgage-focused broker-dealer called Incenter Securities Group, investing in cloudvirga, a provider of mortgage process automation, and expanding into title and settlement services with the acquisition of Boston National. Now, Incenter, a Blackstone Group portfolio company, is expanding its burgeoning title insurance business with a new acquisition.
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  • cloudvirga raises $15 million; funding led by Blackstone’s Incenter

    Mortgage automation provider plans to use funds to expand
    Over the last year, Incenter increased its reach by launching a mortgage-focused broker-dealer called Incenter Securities Group and expanding into title and settlement services with the acquisition of Boston National, a provider of title and settlement services. Now, Incenter, a Blackstone Group portfolio company, is expanding its reach again by investing in cloudvirga, a provider of mortgage process automation.
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  • Finance of America expands, brings B2R Finance, Jordan Capital Finance into fold

    Launches new division focused on lending to real estate investors
    Finance of America, a Blackstone Group portfolio company, made quite a splash in recent years as the nonbank revealed a serious growth plan with a series of acquisitions. Now, details of Finance of America’s latest expansion are being revealed, as the company announced that it is launching a new division that will focus on lending to real estate investors, bringing two well-known companies into the fold.
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  • Invitation Homes goes public, raises $1.54 billion

    Stock for single-family rental operator up in early trading
    After months of rumors, Invitation Homes, Blackstone Group’s single-family rental operator, finally went public on Tuesday, raising more than $1.5 billion in its initial public offering. And in early trading, the stock traded above the IPO price of $20, checking in at $20.26 as of 10:58 a.m. Eastern.
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  • Blackstone's Invitation Homes prepares $1.5 billion IPO

    Will sell 77 million shares in single-family rental operator
    The initial public offering for Blackstone Group’s single-family rental operator, Invitation Homes, is one step closer to reality, as the company disclosed the terms of its initial public offering on Monday. Per a filing with the Securities and Exchange Commission, Invitation Homes will offer 77 million shares in its IPO, with an estimated share price of between $18 and $21 per share.
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  • Blackstone CEO, leader of Trump's advisory board expects "substantial" reduction in regulations

    Steve Schwarzman said changes could be most significant in 45 years
    Steve Schwarzman, the chairman and CEO of Blackstone Group, expects to see a “substantial” reduction in government regulations during the term of President-elect Donald Trump. And Schwarzman will be well positioned to help contribute to that regulatory rollback, as he was recently named the leader of Trump’s Strategic and Policy Forum, a group of 16 CEOs who are expected to advise the president-elect on economic issues.
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  • Blackstone reportedly files to take Invitation Homes public

    WSJ reports IPO could raise $1.5 billion
    Blackstone Group is apparently moving forward in its plans to take its single-family rental unit, Invitation Homes, public in 2017. The Wall Street Journal is reporting that Blackstone is taking the next step in the process, reportedly filing confidentially for an IPO that could come “as soon as January.”
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