• Sep 15, 2005

    Consortium Led by Blackstone Group to Acquire UICI

    Dallas, Texas, September 15, 2005 – UICI (NYSE: UCI) announced today that its Board of Directors has unanimously approved an agreement by which a group of private equity firms led by The Blackstone Group would acquire UICI in a cash merger at $37.00 per share. The private equity consortium, which includes Goldman Sachs Capital Partners and DLJ Merchant Banking Partners, has committed to invest over $1 billion of equity in the transaction. Management and current employees and agents are expected to invest over $125 million in the transaction.
  • Sep 14, 2005

    Cendant to Acquire the Wyndham Brand and Franchise System

    NEW YORK, September 14, 2005 – Cendant Corporation (NYSE:CD) today announced that it would enter the upscale lodging sector by acquiring the Wyndham hotel brand and franchise system, relating to more than 100 full-service lodging properties in major U.S., Mexican and Caribbean markets, for $100 million in cash.
  • Sep 08, 2005

    Blackstone's Corporate Debt Group Establishes European Presence

    New York/London; September 8, 2005. Blackstone today announced that Debra Anderson will join the firm as a Managing Director to establish Blackstone’s presence as a manager of noninvestment grade assets issued by companies throughout Europe. Ms. Anderson will join Blackstone’s Corporate Debt Group which was established in 1998 and has grown to nearly $5.0 billion in commitments and assets under management.
  • Aug 17, 2005

    Park Hill Group Adds Several Professionals to its Team

    New York, August 17, 2005: Park Hill Group, a global alternative asset placement agency, has recently announced the addition of several professionals to its team. In addition to its New York and San Francisco offices, Park Hill Group is opening offices in London, Chicago, Dallas, and Los Angeles.
  • Aug 16, 2005

    The Blackstone Group Completes Acquisition of Wyndham International, Inc.

    DALLAS (Aug. 16, 2005) - Wyndham International, Inc. (AMEX: WBR) (the “Company”) announced today that it has completed its merger with an affiliate of The Blackstone Group. Under the terms of the merger agreement, the Company’s common stockholders will be entitled to receive $1.15 in cash, without interest. The holders of shares of Series A and Series B Preferred Stock will be entitled to receive $72.17 per share in cash, without interest.
  • Aug 16, 2005

    Blackstone Appoints Deputy Managing Director for Mumbai Office

    New York, August 16, 2005: The Blackstone Group today announced the appointment of Javed Khan as Deputy Managing Director of the firm’s recently established India office in Mumbai. Mr. Khan, who is currently based in London, will shortly be re-locating to Mumbai.
  • Aug 16, 2005

    New "LXR Luxury Resorts" Collection Formed To Feature 21 Distinguished Luxury Hotels, Resorts and Spals in U.S., Puerto Rico and the Carribean

    (New York, NY – August 16, 2005) – Having finalized the acquisition of Wyndham International, Inc., affiliates of Blackstone Real Estate Advisors today announced the formation of LXR Luxury Resorts, an extraordinary new collection of luxury properties that will include some of the most treasured luxury hotels, resorts, spas, golf clubs and marinas in the U.S., Puerto Rico and the Caribbean. LXR Luxury Resorts will be comprised of 14 of Wyndham’s premier owned and operated properties as well as seven hotels and resorts from Blackstone’s Boca Hospitality Collection and Prime Hospitality holdings.
  • Aug 15, 2005

    Blackstone Hires Technology Investor

    New York, August 15, 2005: The Blackstone Group today announced the appointment of Chip Schorr as a Senior Managing Director in the firm’s Private Equity Group. Mr. Schorr will be based in New York and will oversee technology related investments for the firm. Prior to joining Blackstone, Mr. Schorr was with Citigroup Venture Capital Equity Partners in New York for nine years where his responsibility as a managing partner was primarily technology and telecommunications investments.
  • Aug 11, 2005

    Wyndham International Stockholders Approve Merger with an Affiliate of The Blackstone Group

    DALLAS (Aug. 11, 2005) - Wyndham International, Inc. (AMEX: WBR) (the “Company”) announced that its stockholders have adopted the Agreement and Plan of Merger, dated as of June 14, 2005, among Wyndham and affiliates of The Blackstone Group at its annual stockholders meeting today. The Company expects the Blackstone merger to close next week, subject to the satisfaction or waiver of all the conditions set forth in the Blackstone merger agreement.
  • Aug 11, 2005

    Consortium of Private Equity Firms Completes Acquisition of SunGard

    Transaction Ranks As Second Largest LBO Ever Wayne, PA – SunGard (NYSE:SDS) announced today the completion of the acquisition of SunGard Data Systems Inc. by a consortium of private equity investment firms organized by Silver Lake Partners that also includes Bain Capital, The Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts & Co. L.P., Providence Equity Partners and Texas Pacific Group. Under the terms of the merger agreement, the company's stockholders are entitled to receive $36 per share in cash, without interest.
  • Jul 13, 2005

    Major New Force In European Leisure As Blackstone Acquires Legoland

    New York/London - July 13th 2005: The Blackstone Group today announced the acquisition of LEGOLAND Parks by affiliate company Blackstone Capital Partners IV, for €375m. The deal includes LEGOLAND’s four family theme parks in England, Germany, California and Denmark -where the company also has a 176 room hotel.
  • Jul 13, 2005

    Celanese Receives Unconditional Approval from European Commission for Acquisition of Acetex Corporation

    Dallas, July 13, 2005: Celanese Corporation (NYSE: CE) confirmed today that the European Commission has unconditionally approved Celanese’s acquisition of Acetex Corporation (Toronto: ATX), clearing the way for completion of the transaction. The transaction, valued at approximately US $492 million (CDN $600 million), has now received all necessary shareholder and regulatory approvals and is expected to close on or about July 20, 2005.
  • Jul 13, 2005

    Blackstone’s Advisory Group Hires Patty Lynett as CAO

    New York, July 13, 2005: The Blackstone Group today announced the appointment of Patricia Lynett as Chief Administrative Officer to the firm’s Corporate Advisory Group. With the recent expansion of Blackstone’s Corporate Advisory Group and the growing number of advisory mandates for increasingly high profile transactions, there was a need to manage resources more effectively. Patty’s role encompasses overall management including career development, recruiting and training, the staffing of assignments, new business and expansion opportunities, information management systems and other management and administrative aspects of the group’s activities.
  • Jul 05, 2005

    BMG Direct Acquires The Columbia House Company

    July 5, 2005, New York, NY: BMG Direct, one of the world’s largest direct-to-customer distributors of music, closed the previously announced acquisition with The Blackstone Group , a private investment and advisory firm, of The Columbia House Company, the largest direct marketer of DVDs. BMG Direct has acquired 100 percent of The Columbia House Company. Terms of the transaction were not disclosed.
  • Jun 30, 2005

    Blackstone Acquires T-Rex Corporate Center

    New York, June 30, 2005: The Blackstone Group today announced the acquisition of T-Rex Corporate Center, a 1.7 million square foot office campus located on 123 acres in Boca Raton, Florida, from T-Rex Capital, LLC, for $193 million. Thomas M. Mulroy, T-Rex CEO, and Clifford J. Preminger, T-Rex President, will retain a 10% interest in the property.
  • Jun 14, 2005

    Wyndham International, Inc. Announces Agreement to be Acquired by The Blackstone Group for $1.15 Per Share or Approximately $3.24 Billion

    DALLAS (June 14, 2005) – Wyndham International, Inc. (AMEX:WBR) announced today that it has entered into a definitive Merger Agreement to be acquired by an affiliate of The Blackstone Group in a transaction valued at $3.24 billion.
  • May 23, 2005

    Blackstone Acquires Merlin Entertainment

    New York/London, May 23, 2005: The Blackstone Group today announced the acquisition of Merlin Entertainments and Merlin management, by Blackstone Capital Partners IV, an affiliate of The Blackstone Group, from Hermes Private Equity for £102.5m.
  • May 16, 2005

    Blackstone to Open Mumbai Office

    New York, May 16, 2005: The Blackstone Group today announced that Akhil Gupta has joined the firm’s Private Equity Group as a Senior Managing Director to head up a new initiative in India. Mr. Gupta will be based in Mumbai and will serve as Chairman, Blackstone India. Although his primary role will be to source and manage private equity transactions in India, he will also provide support for Blackstone’s other businesses including real estate.
  • May 10, 2005

    BMG Direct to Acquire The Columbia House Company

    Acquisition signals milestone in BMG Direct’s growth strategy New York, NY, May 10, 2005 – BMG Direct, a division of DirectGroup Bertelsmann, announced today that it has reached an agreement with The Blackstone Group to acquire The Columbia House Company. Terms of the deal were not disclosed. The transaction is subject to certain government approvals and other customary conditions. Stuart Goldfarb, President and CEO of BMG Direct, will serve as President and CEO of the newly acquired company.
  • May 02, 2005

    Blackstone Acquires New York's Rihga Royal Hotel

    NEW YORK, NY – May 2, 2005 – Affiliates of Blackstone Real Estate Advisors today announced the acquisition of New York’s Rihga Royal, a JW Marriott Hotel, and expect to assume complete management oversight of the property by early summer. Blackstone Real Estate Advisors has a history of significantly reinvesting in its assets and dramatically improving services and facilities and the same is anticipated for the Rihga Royal. The terms of the transaction were not disclosed.