Blackstone plans $7.1 bn IPO for Building Materials Europe BV

01 Oct 2021 CW Team

Blackstone Inc is planning an Initial Public Offering (IPO) of $7.1 billion for Building Materials Europe (BME) BV.

The private equity company is working with Lazard Limited and plans to pick underwriters for the potential share sale in the following weeks, the people said.

It is regarding listing the business in Amsterdam next financial year, according to the people.

An IPO would mark a comparatively quick exit for Blackstone Inc, which agreed to acquire the company from CRH Plc for 1.64 billion euro in July 2019. The business has increased since then, with Blackstone expanding it through acquisitions and demand strengthening for its major products.

According to its website, BME distributes products for the construction industry. BME also sells heating, bathroom, and plumbing equipment utilised by professional contractors and operates stores catering to home renovators. The firm has over 600 locations across Europe under brands.

No final decisions have been taken, and details of the offering could change, the people said.

BME, headquartered in the Netherlands, stated that normalised earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 9.6% to 285 million euro for 2020, its first full year after the carve-out from CRH.

Building material suppliers like BME could also benefit from the European Union’s Green Deal, a blueprint unveiled in July to reach stricter 2030 climate targets. A major component of those plans is to enhance energy efficiency, which could boost demand for building and housing renovations.

Image Source

Also read: Blackstone Group sells over 5.7 cr units in Embassy Office Parks REIT

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..