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

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..