Blackstone takes 80% of data center JV; BlackRock-backed Influence Media tunes into Enrique Iglesias

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Blackstone takes 80% of data center JV; BlackRock-backed Influence Media tunes into Enrique Iglesias

Happy Friday, Hubsters.

Rafael Canton filling in for Obey Martin Manayiti on this Friday edition of the Wire.

To cap the week off, we are starting with a look at Blackstone establishing a data center joint venture with Digital Realty, a sector that is booming thanks to the rise of generative AI and cloud computing.

Next, we will saunter through some interesting recent deals including BlackRock-backed Influence Media investing in popstar Enrique Iglesias’ catalog of music.

Finally, we head to the sports sector to dive into Arctos Sports Partners’ investment in French soccer club Paris Saint-Germain and the firm’s strategy of taking minority stakes in professional sports teams.

Data centers draw PE interest

Blackstone announced that its affiliated funds led by Infrastructure, real estate and tactical opportunities have agreed to establish a joint venture with Austin, Texas-based Digital Realty.

Upgrade to the premium version of the Wire to read more.

Influence Media finds rhythm

BlackRock- and Warner Music-backed Influence Media Partners announced that it acquired the music catalog of Grammy Award-winning recording artist Enrique Iglesias. Iglesias has sold more than 180 million albums worldwide and released 11 studio albums and three greatest hits compilations.

Subscribers to the premium version of the Wire may read more about this news.

Minority stakes

Dallas-headquartered private equity firm Arctos Partners announced that it took a stake of up to 12.5 percent in French football club Paris Saint-Germain. The deal values PSG at $4.32 billion.

Upgrade to the premium version of the Wire to read more about this deal.

Thoma Bravo-backed Nearmap acquires Betterview

Location intelligence and aerial imagery solutions provider Nearmap announced that it acquired California-based property intelligence and risk management platform Betterview.

Subscribers to the premium version of the Wire may read more about this deal.

That’s it from me today. If you have any thoughts, questions, want to chat, please email me at rafael.c@pei.group. MK Flynnwill be back with the Wire on Monday. Have a nice weekend.

Cheers,

Rafael

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