• Sep 07, 2004

    Vanguard Announces Offering of Senior Subordinated Notes and Senior Discount Notes

    NASHVILLE, Tennessee (September 7, 2004) – Vanguard Health Systems, Inc. (the “Company” or “Vanguard”) today announced that its subsidiaries, Vanguard Health Holding Company II, LLC and Vanguard Holding Company II, Inc., intend to offer through a private placement, subject to market and other conditions, $560 million aggregate principal amount of Senior Subordinated Notes due 2014 and its subsidiaries, Vanguard Health Holding Company I, LLC and Vanguard Holding Company I, Inc., intend to offer through a private placement, subject to market and other conditions, for gross proceeds of approximately $140 million, Senior Discount Notes due 2015. The issuers' obligations under the Senior Subordinated Notes will be fully and unconditionally guaranteed on a senior subordinated basis by the Company and certain of the Company's subsidiaries. The issuers' obligations under the Senior Discount Notes will be fully and unconditionally guaranteed on a senior unsecured basis by the Company.
  • Aug 23, 2004

    Texas Genco’s W.A. Parish Coal Plant Makes Platt’s POWER Magazine’s “12 Top Plants of 2004”

    WAP is U.S.’s largest fossil-fueled plant, among the lowest NOx emitters Houston – August 23, 2004 – Texas Genco Holdings, Inc.’s (NYSE:TGN) W.A. Parish Electric Generating Station (WAP) is recognized in Platt’s POWER magazine’s annual “12 Top Plants of 2004”. The power plants, which are located all over the world, are recognized for generating power reliably and economically, and with minimal environmental impact.
  • Aug 18, 2004

    The Blackstone Group to Acquire Prime Hospitality Corp.

    FAIRFIELD, N.J., Aug. 18 /PRNewswire-FirstCall/ – Prime Hospitality Corp. (NYSE: PDQ) announced today that it had signed a definitive agreement to be acquired by affiliates of The Blackstone Group for $12.25 per share, a 42% premium to the closing price on August 18th. The total value of the transaction, including debt, is over $790 million. Prime Hospitality Corp. (Prime) controls three hotel brands -- AmeriSuites, Wellesley Inns & Suites and Prime Hotels and Resorts -- operating and franchising 256 hotels with 33,605 rooms. Of these hotels, it owns 112 comprising 14,183 rooms.
  • Aug 10, 2004

    Vanguard Announces Receipt of Consents

    NASHVILLE, Tennessee (August 10, 2004) – Vanguard Health Systems, Inc. (the “Company” or “Vanguard”) announced today the expiration of the consent date and receipt of requisite consents for approximately 99.6% of the principal amount of its outstanding $300 million aggregate principal amount of 9 3/4% Senior Subordinated Notes due 2011 (CUSIP No. 922036AB4) (the “Notes”), as of 5 p.m., New York City time, on August 9, 2004 (the “Consent Date,” as defined in Vanguard’s offer to purchase). The consents were made pursuant to Vanguard’s offer to purchase and consent solicitation statement dated July 27, 2004, and related consent and letter of transmittal (the “Offer to Purchase”), which more fully set forth the terms of the tender offer and consent solicitation.
  • Aug 03, 2004

    Celanese: Domination and Profit and Loss Transfer Agreement

    Kronberg, Germany: The domination and profit and loss transfer agreement between Celanese AG and BCP Crystal Acquisition GmbH & Co. KG was entered into the Commercial Register yesterday and can therefore become effective as of October 1, 2004. The agreement was approved by the necessary majority at the Extraordinary General Meeting on July 30/31, 2004. BCP is controlled by private equity funds which are advised by The Blackstone Group.
  • Jul 28, 2004

    Graham Packaging Agrees to Acquire Owens-Illinois for $1.2 billion

    YORK, Pennsylvania, USA – Graham Packaging Company, L.P., has signed a definitive agreement to acquire the Plastic Container business unit of Owens-Illinois, Inc., of Toledo, Ohio, for approximately $1.2 billion. Closing of the transaction is subject to regulatory approval and other customary conditions.
  • Jul 27, 2004

    Vanguard Health Systems, Inc. Announces Tender Offer and Consent Solicitation

    NASHVILLE, Tennessee (July 27, 2004) – Vanguard Health Systems, Inc. (the “Company” or “Vanguard”) announced today that, in connection with its recently announced definitive agreement with The Blackstone Group (“Blackstone”), a private equity firm, pursuant to which Blackstone will make a major investment in the Company, the Company has commenced a cash tender offer and consent solicitation for any and all of its $300 million aggregate principal amount of 9 3/4% Senior Subordinated Notes due 2011 (CUSIP No. 922036AB4) (the “Notes”).
  • Jul 26, 2004

    Mary Anne Citrino Joins Blackstone’s Corporate Advisory Group

    New York, Monday, June 26, 2004: Pátria–Banco de Negócios and The Blackstone Group today announced the formation of a strategic alliance with the objective of developing corporate finance solutions for clients in Brazil. This agreement will allow both companies to maximize their local and international resources and expertise to better serve clients on their investment and business decisions.
  • Jul 23, 2004

    The Blackstone Group to Make Major Investment in Vanguard Health Systems, Inc.

    NASHVILLE, Tenn. – July 23, 2004 – Vanguard Health Systems, Inc. (the “Company” or “Vanguard”) today announced that it has entered into a definitive agreement with The Blackstone Group (“Blackstone”), a private equity firm, pursuant to which Blackstone will make a major investment in the Company.
  • Jul 21, 2004

    CenterPoint Energy Announces Sale of Texas Genco for $3.65 Billion

    Sale also includes buy-out of public shareholders Houston - July 21, 2004 - CenterPoint Energy, Inc. (NYSE: CNP) and Texas Genco Holdings, Inc. (NYSE: TGN) today announced a definitive agreement for GC Power Acquisition LLC, a newly formed entity owned in equal parts by affiliates of The Blackstone Group, Hellman & Friedman LLC, Kohlberg Kravis Roberts & Co. L.P. and Texas Pacific Group, to acquire Texas Genco, a wholesale electric power generation company, for approximately $3.65 billion in cash. The agreement includes a buy-out of Texas Genco’s public shareholders.
  • Jul 19, 2004

    New Skies shareholders approve acquisition by Blackstone

    The Hague, Netherlands, July 19, 2004 – New Skies Satellites N.V. (AEX, NYSE: NSK), the global satellite communications company, today announced that its shareholders have approved the sale of the Company to affiliates of The Blackstone Group, a leading private investment firm, with 92.4% of shares in attendance voting for the acquisition.
  • Jul 15, 2004

    Blackridge Investment Corp. Postpones Public Offering

    New York, NY - July 15, 2004: Blackridge Investment Corp. said today that due to market conditions, it is postponing its public offering of common stock.
  • Jul 15, 2004

    Michael D. Newman Appointed CFO of Blackstone Crystal Holdings

    New York, July 15, 2004: Michael D. Newman has been appointed chief financial officer of Blackstone Crystal Holdings Capital Partners (Cayman) IV Ltd., the holding company for Blackstone’s investment in Celanese AG. Mr. Newman joins Blackstone Crystal Holdings from RadioShack Corporation where he was senior vice president and chief financial officer.
  • Jul 14, 2004

    Blackstone Purchase of New Skies Satellites Granted Early Termination of HSR Waiting Period

    THE HAGUE, Netherlands, July 14, 2004 – New Skies Satellites N.V. (AEX, NYSE: NSK), the global satellite communications company, and The Blackstone Group, a leading private investment firm, announced today that they have received early termination of the required waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 for Blackstone’s acquisition of New Skies.
  • Jul 07, 2004

    Blackstone Real Estate Partners Acquires Waikoloa Beach and Wailea Marriott Resorts from Outrigger Enterprises

    HONOLULU – Outrigger Enterprises has signed a binding agreement to sell its Waikoloa Beach Marriott and Wailea Marriott resorts to affiliates of Blackstone Real Estate Advisors of New York for an undisclosed price. The agreement, which was announced today by Outrigger CEO David Carey, could close as early as July 30, 2004.
  • Jun 26, 2004

    Blackstone Announces Strategic Alliance with Pátria

    New York, Monday, June 26, 2004: Pátria–Banco de Negócios and The Blackstone Group today announced the formation of a strategic alliance with the objective of developing corporate finance solutions for clients in Brazil. This agreement will allow both companies to maximize their local and international resources and expertise to better serve clients on their investment and business decisions.
  • Jun 15, 2004

    Premcor Files Resale Registration Statement

    OLD GREENWICH, Connecticut, June 15, 2004 – Premcor Inc. (NYSE: PCO) today announced that it has filed a resale registration statement on Form S-3 with the Securities and Exchange Commission registering 15,000,000 shares of Premcor common stock. All of the shares of common stock being registered are currently owned by affiliates of The Blackstone Group L.P. ("Blackstone").
  • Jun 06, 2004

    New Skies Satellites to be Acquired by Blackstone

    The Hague, Netherlands, June 6, 2004 – New Skies Satellites N.V. (AEX, NYSE: NSK), the global satellite communications company, today announced that it has signed a definitive agreement for the sale of the Company to affiliates of The Blackstone Group, a leading private investment firm, for $956 million in cash, equivalent to approximately $7.96 per fully diluted share.
  • Jun 02, 2004

    Blackstone Alternative Asset Management Hires Leading Fund-of-Funds Executive as CIO

    Bruce Amlicke served as CIO of Alternative Investment Solutions Group at UBS O’Connor; Hal Lindquist appointed Chief Investment Strategist New York; June 2, 2004: The Blackstone Group today announced that Bruce Amlicke, Global Chief Investment Officer at UBS O’Connor’s Alternative Investment Solutions Group, has joined Blackstone Alternative Asset Management (BAAM) as Chief Investment Officer, a new position, as well as a Senior Managing Director of The Blackstone Group. Hal Lindquist, BAAM’s Senior Investment Officer, has been named Chief Investment Strategist. BAAM invests approximately $9 billion in select hedge fund managers through several multi-manager programs.
  • May 26, 2004

    Blackstone Real Estate Partners IV Closes Over Target

    New York, May 26, 2004: The Blackstone Group today announced the final closing of its Blackstone Real Estate Partners IV (BREP IV) on April 30th, 2004, the fifth real estate fund to be raised by the New York-based private investment firm.