Blackstone Inc. (NYSE:BX) acquired International Gemological Institute from Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. (SHSE:600655) for enterprise value of approximately $530 million on May 21, 2023. Deutsche Bank Aktiengesellschaft (XTRA:DBK), Ernst & Young Global Limited, Deloitte UK, Freshfields Bruckhaus Deringer LLP, acted as advisors to Yuyuan. KPMG International Cooperative, Ian Ho, Erik Wang, David Yun, Makiko Harunari, Rick Wei, Étienne Renaudeau, Jonathan Goldstein, Lori Lesser, Jessica Cohen, Leah Malone, Emily Holland and Steve DeLott of Simpson Thacher & Bartlett LLP, Cyril Amarchand Mangaldas acted as advisor to Blackstone. Duco de Boer, Jan Bogaert and IJsbrand van Straten of Stibbe N.V. acted as legal advisor to Blackstone Inc. (NYSE:BX).

Blackstone Inc. (NYSE:BX) completed the acquisition of International Gemological Institute from Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. (SHSE:600655) on May 21, 2023.