• Apr 01, 2010

    GSO / Blackstone Closes on Acquisition of Collateral Management Contracts from Callidus

    New York, April 1, 2010 – GSO / Blackstone Debt Funds Management LLC, a business unit of GSO Capital Partners LP (“GSO”), which is an affiliate of The Blackstone Group L.P. (NYSE: BX, “Blackstone”), today announced that after receiving the requisite consents and ratings confirmations it has completed the initial closing under the previously announced transaction to acquire from Callidus Capital Management LLC (“Callidus”) the Collateral Management Agreements for all nine CDO and CLO funds currently managed by Callidus. Callidus is a portfolio company of Allied Capital Corporation (NYSE: ALD). The funds invest primarily in leveraged loans and high yield bonds. Total assets within the funds subject to this initial closing are approximately $3.1 billion. The purchase price was not disclosed.
  • Mar 25, 2010

    Blackstone Announces First Quarter 2010 Earnings Conference Call for the Media

    New York, March 25, 2010: The Blackstone Group L.P. (NYSE:BX), announced today that it will host a 9:30 a.m. (EST) conference call for the media on Thursday, April 22, 2010 on its first quarter 2010 earnings results. The conference call can be accessed by dialing +1 800-230-1093 (U.S. domestic) or +1 612-234-9959 (international).
  • Mar 25, 2010

    Blackstone Announces First Quarter 2010 Earnings Conference Call

    New York, March 25, 2010: The Blackstone Group L.P. (NYSE:BX), announced today that it will host its first quarter 2010 investor conference call Thursday, April 22, 2010 at 11:00 am ET. Stephen Schwarzman, Chairman and Chief Executive Officer; Tony James, President and Chief Operating Officer; Laurence Tosi, Chief Financial Officer; and Joan Solotar, Senior Managing Director – Public Markets, will review The Blackstone Group L.P.’s first quarter 2010 earnings. The conference call can be accessed by dialing (888) 680-0892 (U.S. domestic) or +1 (617) 213.4858 (international) pass code 92163618.
  • Feb 25, 2010

    The Blackstone Group Reports Fourth Quarter and Full Year 2009 Results

    Blackstone will host a conference call on February 25, 2010 at 11:00 a.m. ET to discuss 2009 results. The conference call can be accessed by dialing (888) 713-4213 (U.S. domestic) or +1 (617) 213-4865 (international) pass code 59443416.
  • Feb 23, 2010

    Alternative Clean Power Transmission Project Announced

    Transmission Developers Inc. (TDI) today announced plans to develop an innovative power transmission line that will bring safe, secure, affordable, renewable power to New York and New England from the U.S.-Canadian border. The transmission power line, called the Champlain-Hudson Power Express (CHPE), will be a High Voltage direct current (HVdc) cable designed to principally run under waterways to minimize the impact to local communities and the environment. This project will deliver renewable power to meet growing energy demand, increase electric grid security and reduce consumer energy costs.
  • Feb 19, 2010

    NAACP Opens New York City Development Office

    NEW YORK, NY – The NAACP announced the official opening of the NAACP New York Development office. NAACP President and CEO Benjamin Todd Jealous, NAACP Chairman Julian Bond, NAACP Vice Chairman Roslyn Brock, NAACP New York State Conference President Hazel N. Dukes were joined by New York Governor David A. Paterson and Blackstone President & COO Hamilton “Tony” James for the ribbon cutting ceremony.
  • Feb 18, 2010

    Blackstone Announces Fourth Quarter & 2009 Year End Earnings Conference Call for the Media

    New York, February 18, 2010: The Blackstone Group L.P. (NYSE:BX), announced today that it will host a 9:00 a.m. (EST) conference call for the media on Thursday, February 25, 2010 on its fourth quarter & 2009 year end earnings results. The conference call can be accessed by dialing +1 800-230-1951 (U.S. domestic) or +1 612-332-0226 (international).
  • Feb 18, 2010

    Blackstone Announces Fourth Quarter & 2009 Year End Earnings Conference Call

    New York, February 18, 2010: The Blackstone Group L.P. (NYSE:BX), announced today that it will host its fourth quarter and 2009 year end investor conference call Thursday, February 25, 2010 at 11:00 am ET. Stephen Schwarzman, Chairman and Chief Executive Officer; Tony James, President and Chief Operating Officer; Laurence Tosi, Chief Financial Officer; and Joan Solotar, Senior Managing Director – Public Markets, will review The Blackstone Group L.P.’s fourth quarter & year end earnings. The conference call can be accessed by dialing (888) 713- 4213 (U.S. domestic) or +1 (617) 213.4865 (international) pass code 59443416.
  • Feb 09, 2010

    Dr. Axel Herberg To Join Blackstone to Head Private Equity Business in Germany, Switzerland and Austria

    New York, February 9th, 2010 – The Blackstone Group (NYSE: BX) today announced that Dr. Axel Herberg will join it as a Senior Managing Director to head its private equity business in Germany, Switzerland and Austria. Dr. Herberg is currently President and Chief Executive Office of Gerresheimer AG, a leading international manufacturer of specialty glass and plastic products for the pharmaceutical & life science industries. Dr. Herberg will leave his position as CEO in June of 2010 and will take up this new position at Blackstone in the Fall this year. He will be based in Dusseldorf.
  • Feb 01, 2010

    Summit Materials Announces Acquisition of Hinkle Contracting Company

    Company based in Paris, Kentucky will be Summit’s Second Regional Platform Washington, DC, February 1, 2010 – Summit Materials announces the acquisition of Hinkle Contracting Company based in Paris, Kentucky, which will form the second regional platform for Summit Materials following its first platform acquisition of Hamm, Inc. in September of 2009. Hinkle Contracting is an aggregates, asphalt, paving, concrete block and construction company which was founded by the Hinkle family over 65 years ago. The company operates 12 aggregate and 17 asphalt facilities and has over 250 million tons of limestone reserves. Hinkle Contracting’s existing management team will remain with the company.
  • Jan 25, 2010

    The Asia Tigers, Inc. Announces Final Results of Semi-Annual Repurchase Offer

    NEW YORK, January 25, 2010 – The Asia Tigers Fund, Inc. (NYSE: GRR; the “Fund”) announced the final results of the Fund’s semi-annual repurchase offer for its shares of common stock. The repurchase offer and withdrawal rights expired on Friday, January 15, 2010. The Fund offered to repurchase up to 5% of its outstanding shares of common stock for cash at a price approximately equal to net asset value as of January 22, 2010. As of Friday, January 15, 2010, 3,811,394 Fund shares were outstanding. Approximately 89,066.9123 shares were validly tendered and not withdrawn prior to the expiration of the Fund’s repurchase offer. The repurchase amount of 5% of Fund shares represents approximately 190,570 shares outstanding. The shares accepted for tender will receive cash at a repurchase offer price of $19.4138, which is equal to the Fund’s net asset value per share of $19.81 as of January 22, 2010, less a repurchase fee of $0.3962 per share. Cash payment for the repurchased shares will be issued on or before January 29, 2010. After the repurchase offer, the Fund will have approximately 3,722,327 shares outstanding. The Fund is a non-diversified, closed-end management investment company that seeks long-term capital appreciation by investing primarily in Asian equity securities. The Fund conducts semi-annual repurchase offers and is traded on the New York Stock Exchange under the trading symbol “GRR.”
  • Jan 20, 2010

    Crosstex Energy Completes Blackstone / GSO Transaction; Appoints Dwight Scott to Board of Directors

    DALLAS, January 20, 2010 – The Crosstex Energy companies, Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership) and Crosstex Energy, Inc. (NASDAQ: XTXI) (the Corporation), today announced the close of its previously announced sale of approximately $125 million of Series A Convertible Preferred Units to Blackstone / GSO Capital Solutions funds. Consistent with the terms of the transaction, D. Dwight Scott, a Senior Managing Director of GSO Capital Partners LP and head of GSO’s Houston office has joined the Board of Directors of Crosstex Energy, GP, LLC.
  • Jan 20, 2010

    GSO / Blackstone to Acquire Collateral Management Contracts from Callidus

    New York, January 20, 2010 – Today, GSO / Blackstone Debt Funds Management LLC (“DFM”), a business unit of GSO Capital Partners LP (“GSO”), which is an affiliate of The Blackstone Group L.P. (NYSE: BX, “Blackstone”), entered into a definitive purchase agreement with Callidus Capital Management LLC (“Callidus”) to acquire the Collateral Management Agreements for all nine CDO and CLO funds currently managed by Callidus. Callidus is a portfolio company of Allied Capital Corporation (NYSE: ALD, “Allied”). The nine funds managed by Callidus invest primarily in leveraged loans and high yield bonds. Total assets within the Callidus funds are approximately $3.2 billion. Completion of the acquisition will not be finalized until certain necessary consents are received. The purchase price was not disclosed.
  • Jan 19, 2010

    Sunwest Unitary Enterprise Signs Definitive Sales Agreement with Blackstone / Emeritus Joint Venture

    Portland, Ore. (Jan. 19, 2010) – Stayton SW Assisted Living, the consolidated Sunwest unitary enterprise (“Sunwest”), an Oregon-based senior living provider formerly known as Sunwest Management, announced that it has signed an agreement to recommend to the U.S. District Court to conditionally sell 134 senior housing facilities to a joint venture between an affiliate of Blackstone Real Estate Advisors VI L.P., Emeritus Senior Living, and Columbia Pacific Advisors, an entity controlled by Dan Baty, who is also chairman and Co-CEO of Emeritus (the “Blackstone / Emeritus Joint Venture”).
  • Jan 07, 2010

    Crosstex Energy Agrees to Issue $125 Million of Convertible Preferred Units

    DALLAS, January 7, 2010 – The Crosstex Energy companies, Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership) and Crosstex Energy, Inc. (NASDAQ: XTXI) (the Corporation), announced today the agreement to issue $125 million of Series A Convertible Preferred Units to the Blackstone / GSO Capital Solutions funds. The funds are managed by GSO Capital Partners LP, an affiliate of The Blackstone Group L.P. (NYSE: BX), one of the world’s largest and most respected investment and advisory firms.
  • Jan 04, 2010

    Byron Wien Announces Top Ten Surprises for 2010

    New York, January 4, 2010 – Byron R. Wien, Vice Chairman, Blackstone Advisory Services, today issued his list of the Ten Surprises for 2010. This is the 25th year Byron has given his predictions of a number of economic, financial market and political surprises for the coming year. He started the tradition in 1986 when he was the Chief U.S Investment Strategist at Morgan Stanley. Byron joined The Blackstone Group in September 2009 as a senior advisor to both the Firm and its clients in analyzing economic, political, market and social trends.