Blackstone

Money Moves

Largest debt and equity backer of Firmus

Firmus, an Australian data center operator backed by Nvidia, pulled its $5 billion initial public offering on October 9. Investors refused to pay the $30.6 billion valuation for a business running just 5% of its contracted computing capacity.

Updated Oct 10

Money Moves

Selling owner of Precision Medicine Group

The largest US drug distributor, McKesson, agreed on August 25 to buy Precision Medicine Group for $2.25 billion. Precision runs clinical trials, biomarker labs, and payer-negotiation services for biotechnology and pharmaceutical companies.

Updated Aug 26

Money Moves

Seller (majority owner)

Hungary's biggest bank just bought its way into a region it has never operated in. On July 20, 2026, OTP Bank signed a deal to acquire 100% of Luminor, the third-largest banking group in the Baltics. It is the largest acquisition in OTP's history.

Updated Jul 20

Money Moves

Controlling sponsor; positioned for long-delayed liquidity through public markets

Medline's Nasdaq arrival as MDLN quickly turned from “biggest IPO of 2025” into a live market verdict. Shares jumped roughly 41% in their first session, pushing the company into a roughly $50B+ valuation almost immediately.

Updated May 15