With Multi Corp, Blackstone was able to acquire control of the company through multiple purchases of its distressed corporate debt beginning in 2012, and converted these positions into the equity ownership of one of Europe’s leading owners and managers of high quality shopping centers. Multi owns and/or manages a portfolio of 161 shopping centers, factory outlets, and retail parks in 13 countries across Europe. After acquiring control, Blackstone strengthened the company’s balance sheet, transforming Multi into a well-capitalized, growth-oriented platform.