• Nov 20, 2000

    LIFFE Shareholders Vote to Support Board's Strategic Vision

    London, Monday 20 November 2000 - Today at an Extraordinary General Meeting (EGM) shareholders of LIFFE voted to support the Board’s plans to work with Cap Gemini Ernst & Young, Battery Ventures and The Blackstone Group to develop the existing exchange business and exploit technology opportunities associated with LIFFE CONNECT™, LIFFE’s electronic trading system. Shareholders approved a placing and open offer of 10 million new ordinary shares at £6 per share which will raise £57 million, net of expenses. LIFFE’s shareholders applied for 2.3 million (68%) of the 3.3 million new ordinary shares available in the open offer.
  • Oct 17, 2000

    Blackstone Acquires Debt on 7 World Trade Center

    New York, NY – October 17, 2000: Blackstone Real Estate Advisors, the global real estate investment and management arm of The Blackstone Group, L.P., announced today that it has purchased, from Teachers Insurance and Annuity Association, the participating mortgage secured by 7 World Trade Center, a commercial office complex controlled by real estate developer Larry Silverstein.
  • Oct 04, 2000

    Transtar Reorganization

    Monroeville, PA – October 4, 2000: Transtar, Inc. (“Transtar”) announced today that it has entered into a Reorganization and Exchange Agreement with its two voting shareholders, Transtar Holdings, L.P. (“Holdings”), an affiliate of Blackstone Capital Partners L.P., and USX Corporation (“USX”). In this reorganization, Holdings would exchange all of its shares in Transtar for 100% of the ownership of four direct Transtar subsidiaries – Bessemer and Lake Erie Railroad Company; the Duluth, Missabe and Iron Range Railway Company; The Pittsburgh & Conneaut Dock Company; and USS Great Lakes Fleet, Inc., and their subsidiaries. As a result of this transaction, USX would become the sole owner of Transtar and its remaining direct subsidiaries – the Birmingham Southern Railroad Company; the Elgin, Joliet and Eastern Railway Company; The Lake Terminal Railroad Company; the McKeesport Connecting Railroad Company; the Mobile River Terminal Company, Inc.; the Union Railroad Company; the Warrior & Gulf Navigation Company; and Tracks Traffic and Management Services, Inc. and their subsidiaries.
  • Aug 22, 2000

    Purchase of New Jersey Devils Completed

    East Rutherford, New Jersey August 22, 2000 – Puck Holdings, an entity affiliated with the YankeeNets organization announced today that it had completed the purchase of the 2000 Stanley Cup Champion New Jersey Devils.
  • Aug 21, 2000

    Frontline Capital Group Completes Placement of HG Global's Senior Subordinated Notes for $125 Million

    NEW YORK–August 21, 2000–FrontLine Capital Group (NASDAQ: FLCG), a leading developer of e-commerce and e-service companies that empower small to medium size enterprises (SMEs), entrepreneurs, and the mobile workforce, today announced the placement of $125 million of Senior Subordinated Notes by HQ Global Workplaces (“HQ”), a FrontLine Partner Company. These notes replace a $125 million senior subordinated bridge facility obtained from UBS Warburg in connection with the HQ/VANTAS merger completed on June 1, 2000. The Senior Subordinated Notes accrue interest at 13.5% and are due August 2007. A group of investors led by Blackstone Mezzanine Partners L.P. (an affiliate of The Blackstone Group), and Chase Capital Partners purchased the notes.
  • Jul 18, 2000

    Dell, Blackstone Invest $25 Million in StorageApps

    Bridgewater, NJ – July 18, 2000 – Underscoring the importance of storage area networks (SANs) in the developing e-business economy, Dell Ventures and The Blackstone Group have made a combined $25-million strategic investment in StorageApps Inc, a leading provider of all-encompassing solutions, applications and appliances for storage-based network services.
  • Jul 05, 2000

    Blackstone Opens London Office

    New York, July 5, 2000: The Blackstone Group, the New York based private investment bank, and one of the world’s largest private equity investment firms, has announced that it is opening a London office in St James’. This move comes after several years of active investment in the European markets.
  • Jun 22, 2000

    Blackstone Purchases Minority Interest in CTI Holdings S.A. of Argentina

    New York – June 22, 2000. The Blackstone Group announced today that it has purchased a 12.5% interest in CTI Holdings S.A., a mobile wireless service provider in Argentina, for $150 million. CTI Movil initiated cellular telephony service to all of Argentina except the Buenos Aires metropolitan area in 1994. It has the largest cellular network in Latin America based on geographic coverage, and has approximately 890,000 subscribers in its service area of 22 million people. CTI recently initiated PCS service in Buenos Aires and now provides wireless service across a nationwide footprint of approximately 35 million people. Affiliates of Blackstone Capital Partners III are acquiring the 12.5% interest in CTI from two investment partnerships and GTE Corporation. CTI’s principal shareholders include an affiliate of GTE, which manages and controls the company, and an affiliate of the Clarín media group of Argentina.
  • Jun 02, 2000

    Blackstone Capital Partners Signs Agreement to Purchase 50% Stake in Universal Studios Escape

    New York, NY, June 2, 2000 # Blackstone Capital Partners III (“Blackstone”) announced today that it has signed an agreement with The Rank Group Plc (“Rank”) to purchase Rank’s 50% interest in Universal Studios Escape (“USE”) for $275 million in cash. In addition, Rank could receive additional consideration subject to certain performance criteria being met.
  • May 03, 2000

    Jardine Lloyd Thompson Group plc and the Blackstone Group Create Specialist Risk Services Business in the United States

    NEW YORK and LONDON: May 3, 2000 – Jardine Lloyd Thompson Group plc (FTSE: JLT), a leading UK-based provider of risk solutions and insurance services, and The Blackstone Group, a New York-based private investment bank, today announced the formation of a joint venture, Capital Risk Group LLC (CRG). CRG is owned 80% by JLT, with a 20% interest coming from a fund for which The Blackstone Group is both the manager and an investor. CRG will be based in New York City and Princeton, New Jersey.
  • Feb 02, 2000

    Utilicom Networks Secure $100 Million Commitment from Blackstone

    FRANKLIN, MA, February 2, 2000 – Utilicom Networks, LLC, a provider of bundled communications services under the TOTALink brand name, today announced a commitment of up to $100 Million by affiliates of Blackstone Capital Partners III (“BCP III”). Utilicom builds and operates broadband communications networks in partnership with local electric and gas utilities to deliver voice, video, Internet and data services to business and residential customers. Utilicom Networks’ first operation in Evansville, IN serves over 11,000 customers on a network being built in partnership with Southern Indiana Gas & Electric (SIGECO).