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New Deal


Announced

Completed

Blackstone Tactical Opportunities led a $300m funding round in Recurrent Ventures.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

digital media

Private

Domestic

Completed

Single Bidder

Minority

United States

Acquisition

Media Agencies

Private Equity

Synopsis

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Blackstone Tactical Opportunities, an opportunistic investing platform, led a $300m funding round in Recurrent Ventures, a digital media company. "We are extremely proud of what we've done so far with our digital media brands, from growing audiences, to developing our brand monetization playbook, to bringing in best-in-class talent. Our belief in transparency, investment in editorial teams, and commitment to adopting best practices from various industries is helping us create a new type of digital media company," Lance Johnson, Recurrent CEO.

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