• May 01, 2007

    The Blackstone Group Has Completed Its Acquisition of a Controlling Interest in RGIS

    May 1, 2007 – Auburn Hills, MI – RGIS Holdings LLC, the world’s largest inventory and retail services company, has announced today that an affiliate of The Blackstone Group has completed its purchase of a controlling interest in the company. The terms of the transaction are not disclosed.
  • Apr 27, 2007

    Blackstone Agrees Sale of Sulo to Veolia

    Paris, April 27, 2007 — Veolia Environnement today announced the signature of an agreement with The Blackstone Group and Apax Partner with a view to acquiring Sulo, the German number 2 in waste management. The acquisition, for an enterprise value of €1,450 million (including financial debt), will be carried out by Veolia Environnement. The operation will confirm the leadership position of Veolia Environnement’s waste management division in Europe, in both the industrial and municipal markets. The acquisition remains subject to the approval of the antitrust authorities.
  • Apr 19, 2007

    Blackstone Adds to Private Equity Team Expertise

    New York, April 19, 2007: The Blackstone Group today announced that Susan Balloch has joined the firm’s private equity group as an Executive Director. Susan’s role encompasses overall management and administrative aspects of the group’s activities.
  • Apr 18, 2007

    The Lightstone Group To Acquire Extended Stay Hotels From The Blackstone Group

    NEW YORK — The Lightstone Group, LLC, one of the largest private real estate owners in the country, announced today that an affiliate has entered into an agreement with affiliates of The Blackstone Group to acquire Extended Stay Hotels for $8 billion. The transaction is subject to customary conditions and is expected to close in approximately two months.
  • Apr 17, 2007

    Travelport Appoints Steve Barnhart as CEO and President of Orbitz Worldwide

    New York, NY, and Chicago, IL,April 17, 2007 – Travelport Limited, (www.travelport.com), the parent company of the Travelport group of businesses, today announced that Steve Barnhart would be named CEO and president of the Orbitz Worldwide division.
  • Apr 10, 2007

    Cardinal Health Completes Sale of Pharmaceutical Technologies and Services Segment to The Blackstone Group

    DUBLIN, Ohio, April 10, 2007 — Cardinal Health, a global provider of products and services that improve the safety and productivity of health care, today announced it has completed the sale of its Pharmaceutical Technologies and Services (PTS) segment to The Blackstone Group for approximately $3.3 billion.
  • Mar 22, 2007

    The Blackstone Group Has Acquired a Controlling Interest in RGIS

    March 22, 2007 – Auburn Hills, MI – RGIS Holdings LLC, the world’s largest inventory and retail services company, has announced today that an affiliate of The Blackstone Group has agreed to purchase a controlling interest in the company. The terms of the transaction are not disclosed.
  • Mar 22, 2007

    Blackstone Files Registration Statement for Initial Public Offering

    New York, New York, March 22, 2007 – The Blackstone Group L.P. announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of common units representing limited partner interests in The Blackstone Group. The firm intends to apply to list its common units on the New York Stock Exchange.
  • Mar 13, 2007

    Christopher Pasko Joins Blackstone’s Corporate Advisory Group

    New York, March 13, 2007: The Blackstone Group today announced that Christopher T. Pasko will join the firm’s corporate advisory group as a Senior Managing Director in June. Mr. Pasko has spent 18 years advising clients at Morgan Stanley, where he has worked on over $50 billion of completed technology transactions. In 1996, he founded Morgan Stanley’s Boston Office and has been head of the firm’s East Coast Technology Group since 1998. In 2006, he helped establish the firm’s Boston Financial Sponsor Group.
  • Mar 12, 2007

    Blackstone Real Estate Partners Broadens Investor Base for Vitus Group

    London/Frankfurt/Bremen/Wuppertal, March 12, 2007 — Under the terms of an agreement signed today, Blackstone Real Estate Partners (BREP/”Blackstone”) is to sell its majority shareholding in the Vitus Group, to a consortium of institutional investors including Morley Fund Management and Round Hill Capital for a total consideration of approximately €1.6 billion.
  • Mar 05, 2007

    Merlin and Tussauds to Create World's Second Largest Visitor Attraction Group

    London, New York, Dubai – Monday 5th March 2007: 8.30am (UK) Merlin Entertainments Group (“Merlin”), controlled by the Blackstone Group (“Blackstone”), and The Tussauds Group (“TTG”), controlled by Dubai International Capital LLC (“DIC”), are today announcing a partnership of two rapidly growing businesses. This brings together some of the biggest brand names in the global theme park and attractions market and positions the combined Merlin Entertainments Group as the world’s second biggest visitor attractions operator after Disney.
  • Mar 02, 2007

    Statement by Private Equity Houses Operating in the UK

    Leading private equity firms support BVCA announcement on disclosure initiative London, March 1, 2007: Private Equity encompasses a range of investment activity including providing capital for start ups, funding the growth of established businesses and buyouts. The industry supports a wide range of sizes of company across most sectors and makes a significant contribution to the UK economy.
  • Mar 02, 2007

    Sir David Walker to Chair Private Equity Working Group on Disclosure

    London, March 1, 2007: The BVCA – The British Private Equity and Venture Capital Association - today announced that it will form a working group under the Chairmanship of Sir David Walker to examine ways in which levels of disclosure in companies backed by the UK private equity industry could be improved.
  • Mar 01, 2007

    Blackstone Adds to Portfolio Management Team Expertise

    New York, March 1, 2007: The Blackstone Group today announced that Ravi Ramanan has joined the firm’s private equity group as Executive Director. He will bring valuable expertise to the firm’s growing portfolio management group in monitoring and advising on the strategy and operational performance of Blackstone’s increasingly complex and global portfolio company holdings.
  • Feb 12, 2007

    Blackstone to Acquire Pinnacle Foods for $2.16 Billion

    New York, February 12, 2007 — Today, The Blackstone Group (“Blackstone”), through its affiliates, announced that it has entered into a definitive agreement to acquire Pinnacle Foods Group Inc. (“Pinnacle Foods” or the “Company”), a leading manufacturer, marketer and distributor of branded food products in the United States and Canada, for approximately $2.16 billion in cash.
  • Feb 01, 2007

    Equity Office Reaffirms Support for Blackstone Transaction

    CHICAGO – February 1, 2007 — Equity Office Properties Trust (NYSE: EOP) today announced that its Board of Trustees has unanimously voted to reaffirm its recommendation of the proposed $54 per share all-cash transaction with affiliates of The Blackstone Group. The decision was made after deliberations with its financial and legal advisors regarding the revised offer it received today from Vornado Realty Trust.
  • Jan 29, 2007

    Blackstone Appoints Fotiades and Erdeljan to PTS Board

    New York, January 29th, 2007: Following last week’s announcement by Cardinal Health that the company will sell its Pharmaceutical Technologies and Services segment (PTS) to The Blackstone Group, Blackstone has announced the appointment of George Fotiades, former CEO of PTS, and Aleksander Erdeljan, former CEO of R.P. Scherer, to the Board of PTS.
  • Jan 29, 2007

    Equity Office Files Proxy Statement Supplement With SEC

    CHICAGO – (BUSINESS WIRE) – Jan. 29, 2007 – Equity Office Properties Trust (NYSE: EOP) today filed a supplement to its definitive proxy statement with the SEC relating to the merger agreement with affiliates of The Blackstone Group, as amended. Under the terms of the amended agreement, Blackstone will acquire all of the outstanding common stock of Equity Office for $54.00 per share. Equity Office expects to begin to distribute copies of the proxy statement supplement promptly.
  • Jan 29, 2007

    ISS Recommends EOP Shareholders Vote in Favor of Blackstone Merger Valued at $54 Per Share in Cash

    CHICAGO–(BUSINESS WIRE) — Jan. 27, 2007–Equity Office Properties Trust (NYSE: EOP) today announced that Institutional Shareholder Services Inc. (ISS), a leading independent proxy advisory firm, has recommended that the holders of common shares of Equity Office vote for the proposal to approve a merger with affiliates of The Blackstone Group for $54 in cash per common share of Equity Office. A special meeting of Equity Office common shareholders to vote on the merger agreement with affiliates of The Blackstone Group remains scheduled for February 5, 2007.
  • Jan 28, 2007

    Blackstone to Invest in UEL

    New York / Mumbai, January 28th, 2007: Ushodaya Enterprises Limited (“UEL” or the “Company”), a leading Indian Media Company and The Blackstone Group, announced today that UEL’s Board of Directors have approved an agreement where The Blackstone Group and its affiliates (“Blackstone”) are expected to acquire a stake in the Company and have representation on the Board of UEL. As part of this transaction, UEL expects to raise $465 million comprised of a $275 million investment by Blackstone and $190 million of bank financing. No further terms of the deal were disclosed. The transaction is subject to regulatory approval by Foreign Investment Promotion Board and the Ministry of Information and Broadcasting. Kotak Investment Banking acted as the sole investment banking advisor to the transaction.