blackstone
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The $200 Million Kite That Barely Left the Ground
Kite arrived with an accomplished chief executive, an elegant theory of commerce and $200 million in committed equity. It closed after drawing about one dollar in eight - a neat lesson in how quickly a clever platform becomes useless when the deals that feed it disappear.
ZO Skin Health puts the doctor in your daily routine
Zein Obagi’s skincare company sells a system of products, protocols and professional advice. Its premium prices make the case for that guidance worth examining.
Priority Software Spent 40 Years Making ERP Boring - and Built an $800 Million Company
Founded in the mainframe era, the Israeli company sells one promise to roughly 75,000 businesses in 70 countries: enterprise software people can actually change themselves. In 2024, Blackstone paid about $800 million for the pitch.
The Company That Turned 30 Billion Old Documents Into Your Family Story
It sells subscriptions to the past. With 30 billion records, the largest consumer DNA database around, and a growing stack of AI, Ancestry has quietly become one of the most durable businesses in consumer tech.
Symphony Infrastructure Partners
Symphony Infrastructure Partners is a Sydney-based energy transition infrastructure services platform that develops, delivers, owns and operates high-voltage grid-connection infrastructure for Australia's renewable energy, storage and data-centre projects. Founded in 2022 by Steve Butler, Symphony offers an end-to-end integrated solution - from grid strategy and engineering design through HV construction, commissioning, operations and asset ownership - aiming to eliminate the connection bottlenecks that slow the rollout of wind, solar, battery and digital infrastructure. In 2024 it raised A$488 million in Series A financing led by Blackstone to fund a series of acquisitions and build one of Australia's leading independent connection-infrastructure platforms.