WASHINGTON (dpa-AFX) - Blackstone Inc. (BX), Monday announced that private equity funds affiliated with Blackstone Energy Transition Partners have agreed to acquire Hill Top Energy Center in Western Pennsylvania for nearly $1 billion, from Ardian, a private investment firm.
The deal is anticipated to offer capital to boost AI revolution in electricity infrastructure.
Santander and Houlihan Lokey served as financial advisors, and Kirkland & Ellis served as a legal advisor to Blackstone Energy Transition Partners on this transaction.
Currently, Blackstone's stock is trading at $183.82, up 1.41 percent on the New York STock Exchange.
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