Blackstone Group acquires IGI
Stibbe congratulates Blackstone Group with the recent acquisition of Belgium-based diamond-grading organisation International Gemological Institute (IGI). Our team of lawyers from our Brussels and Amsterdam offices provided legal advice to Blackstone Group on the Belgian and Dutch law related topics in connection with the acquisition.
Blackstone has acquired IGI from Fosun (via its subsidiary Shanghai Yuyuan Tourist Mart (Group) Co) and founder Roland Lorie at an enterprise value of $525 million.
IGI is a global leader in independent certification of diamonds, gemstones, and jewellery, with a global footprint of 29 laboratories, including 18 in India, and 18 schools of gemology across 10 countries.