• Sep 12, 2011

    Technip to Acquire 100% of Global Industries, Ltd. for US$8.00 per Share in Cash Acquisition to Reinforce Technip's Leadership in the Fast-Growing Subsea Market

    Technip (NYSE Euronext Paris: TEC) announced today an agreement to acquire the entire share capital of Global Industries (NASDAQ: GLBL) and reinforce its leadership in the fast-growing subsea segment of oil services. The two companies have entered into a definitive merger agreement whereby Technip will pay US$8.00 per Global Industries share. The transaction values Global Industries at US$1,073 million (€768 million at current exchange rates), including approximately US$136 million of net debt. The Board of Directors of Global Industries has unanimously approved the transaction.
  • Aug 25, 2011

    Berkshire Hathaway to Invest $5 Billion in Bank of America

    CHARLOTTE, N.C., Aug 25, 2011 (BUSINESS WIRE) - Bank of America Corporation announced today that it reached an agreement to sell 50,000 shares of Cumulative Perpetual Preferred Stock with a liquidation value of $100,000 per share to Berkshire Hathaway, Inc. in a private offering. The preferred stock has a dividend of 6 percent per annum, payable in equal quarterly installments, and is redeemable by the company at any time at a 5 percent premium.
  • Aug 05, 2011

    WindMW Announces Financing Completion for “Meerwind,” Germany’s Largest Fully Financed Offshore Wind Farm

    New York, London, Paris, Frankfurt – 5 August 2011 WindMW GmbH (“WindMW”), a company majority owned by funds managed by Blackstone (NYSE: BX), has completed the financing for “Meerwind,” the largest German offshore wind farm to complete its full financing process. Meerwind is also the first German wind farm to be fully financed by private investors. The 80 turbine wind farm will be situated approximately 50 km off the German coast in the North Sea. Construction of the 288MW offshore wind farm will be completed in 2013. Once finished, Meerwind will produce sufficient power to service approximately 400,000 households and will help Germany eliminate approximately one million tons of carbon emissions per year. This is only the second German offshore wind farm to complete its financing and is the first to close under the recently unveiled Offshore Wind Programme, the KfW programme.
  • Aug 04, 2011

    Emdeon to be Acquired by Blackstone

    NASHVILLE, Tenn. – (August 4, 2011) – Emdeon Inc. (NYSE: EM), a leading provider of healthcare revenue and payment cycle management and clinical information exchange solutions, today announced that it has entered into a definitive merger agreement with Blackstone Capital Partners VI L.P. under which this Blackstone fund will acquire a controlling interest in Emdeon in a transaction valued at approximately $3 billion that will result in Emdeon becoming a private company. Hellman & Friedman will maintain a significant minority equity interest in Emdeon.
  • Jul 26, 2011

    Teachers’ to Purchase Leading Parking Management Company

    TORONTO (July 26, 2011) – The Ontario Teachers’ Pension Plan (Teachers’) today announced it has entered into an agreement for the acquisition of Babcock & Brown Gates Parking Investments LLC (BBGPI), which includes Imperial Parking Corporation (Impark), one of the largest parking management companies in North America. Terms of the transaction are not being disclosed.
  • Jul 26, 2011

    Blackstone to Invest INR 5,000 million in VISA Power

    New York / Mumbai / New Delhi, 25 July, 2011: The Blackstone Group (NYSE: BX) today announced that it will be investing INR 5,000 million (c. USD 111 million) in VISA Power Limited (“VPL”, “VISA Power” or “the Company”), an independent power producer (“IPP”) whose core asset is a 1,200 MW captive-mine based, coal fired power plant in Chhattisgarh which is in an advanced stage of development. VISA Power has a pipeline of a further 6,600 MW under development, including a 1,320 MW coal-based super critical power plant in Orissa, which is also in an advanced stage of development. The Company also proposes to develop power projects in Madhya Pradesh, Jharkhand and Gujarat. VISA Power is part of the INR 50.0 Bn ($1.1 bn) VISA Group, which is a minerals, metals and energy conglomerate with business interests in steel, power, mining, international trading, shipping and logistics. Commenting on the association, Vishambhar Saran, the Founder and Chairman of the VISA Group, and Chairman of VISA Power said: “The Power sector in India is going through an exciting phase of growth which is critical to sustain the country’s high levels of economic and industrial growth, and unlock India’s economic potential. We are glad that Blackstone shares our vision. Hopefully, together we can create a leading power company.”
  • Jul 21, 2011

    Blackstone kauft Jack Wolfskin

    London / Düsseldorf, 21 Juli 2011 – Blackstone (NYSE: BX) hat sich mit Barclays Private Equity und Quadriga Capital über den Kauf des deutschen Outdoor-Herstellers Jack Wolfskin geeinigt. Der Abschluss der Transaktion wird für August erwartet. Dr. Axel Herberg, Senior Managing Director, Blackstone sagte: “Wir haben stetiges Wachstum auf dem Outdoor-Markt beobachten können und Jack Wolfskin hat dabei eine führende Rolle gespielt. Das Management hat gezeigt, dass sie eine starke Marke schaffen können. Wir freuen uns darauf weiteres Wachstum in Deutschland und auch international zu unterstützen.“
  • Jul 21, 2011

    Blackstone announces acquisition of Jack Wolfskin

    London / Duesseldorf, 21 July 2011: Blackstone (NYSE: BX), announced today an agreement with Barclays Private Equity and Quadriga Capital for the sale of German outdoor specialist Jack Wolfskin. The transaction is expected to close in August. Dr. Axel Herberg, Senior Managing Director, Blackstone said: “We have seen consistent growth in the outdoor market, and Jack Wolfskin has played a leading role in this. Management at Jack Wolfskin has proven its ability to build a strong brand, and we look forward to supporting further growth throughout Germany and internationally.”
  • Jul 21, 2011

    The Blackstone Group Reports Second Quarter 2011 Results

    Blackstone will host a conference call on July 21, 2011 at 11:00 a.m. ET to discuss second quarter 2011 results. The conference call can be accessed by dialing (877) 391-6747 (U.S. domestic) or +1 (617) 597-9291 (international) pass code 14994355.
  • Jul 07, 2011

    Blackstone to Invest INR 150 Cr in FINO

    Largest Private Equity investment in supporting Financial Inclusion in India New York / Mumbai, 07 July 2011 – The Blackstone Group (NYSE: BX), announced today an investment of Rs 150 Crores (approximately US $ 33 million) in FINO Limited (FINO) for a significant minority stake. FINO is a pioneer in providing integrated technology solutions and physical network to enable financial inclusion in India. FINO is a channel with enabling technology platform for an end–to-end sourcing & servicing of micro customers in rural India on scale across a range of basic financial products and services.
  • Jul 06, 2011

    Innovative Clean Energy Transmission Project Receives Broad Bi-Partisan Support From NY Congressional Delegation

    20 Members of Congress Send Letter to Governor Cuomo Urging the Innovative, Clean Energy Project Remain a Top Priority Transmission Developers Inc. (TDI) today announced that Members of Congress, from districts across the state of New York, have sent a letter to Governor Cuomo urging him to support the Champlain Hudson Power Express underwater transmission project. In the letter, this bi-partisan coalition thanked the Governor for his leadership creating jobs, lowering utility costs, and developing an energy roadmap for the state and urged him to “keep this important energy infrastructure project at the top of his energy agenda.” 20 members in total signed the letter.
  • Jul 06, 2011

    Blackstone Announces Second Quarter 2011 Earnings Conference Call

    New York, July 6, 2011 – The Blackstone Group L.P. (NYSE:BX), announced today that it will host its second quarter 2011 investor conference call Thursday, July 21, 2011 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 – External Relations and Strategy, will review The Blackstone Group L.P.’s second quarter 2011 earnings. The conference call can be accessed by dialing +1 (877) 391-6747 (U.S. domestic) or +1 (617) 597-9291 (international) pass code 14994355.
  • Jul 06, 2011

    Blackstone Announces Second Quarter 2011 Earnings Conference Call for the Media

    New York, July 6, 2011 – The Blackstone Group L.P. (NYSE:BX), announced today that it will host a 9:30 a.m. (ET) conference call for the media on Thursday, July 21, 2011 on its second quarter 2011 earnings results. The conference call can be accessed by dialing +1 (800) 230-1951 (U.S. domestic) or +1 (612) 332-7517 (international).
  • Jul 05, 2011

    Blackstone Announces Acquisition of Tangerine

    The Blackstone Group (NYSE:BX) today announced the acquisition of Tangerine, the UK’s largest independent manufacturer of sugar confectionery and popcorn. Blackstone has invested for a majority stake in the company, alongside management which has re-invested significantly in the business.
  • Jun 30, 2011

    Summit Materials, LLC announces 6 new acquisitions in the West and Midwest

    New York, June 30, 2011 - Summit Materials is pleased to announce the recent acquisitions of Elam Construction, Inc., Grand Junction Concrete Pipe, Inc., Fischer Quarries, LLC, B&B Resources, Inc, Triple C Concrete, Inc., and Wind River Materials, LLC.
  • Jun 22, 2011

    Vanguard Announces Pricing of its Initial Public Offering

    NASHVILLE, TN — (June 22, 2011) Vanguard Health Systems, Inc. ("Vanguard") announced today the pricing of its initial public offering of 25,000,000 shares of common stock at a price of $18.00 per share. The shares are expected to begin trading on the New York Stock Exchange on June 22, 2011 under the ticker symbol "VHS."
  • Jun 15, 2011

    Herff Jones to Merge with VBR Holding Corporation

    (INDIANAPOLIS, INDIANA) Herff Jones, Inc. has signed a definitive agreement providing for a business combination with VBR Holding Corporation, the parent company of Varsity Brands. Varsity Brands is a leading provider of goods and services to the school spirit industry. Under the agreement, VBR Holding Corporation, the majority ownership of which is currently held by an affiliate of Leonard Green & Partners, L.P., will merge with a Herff Jones subsidiary.
  • May 25, 2011

    Giving Children an Extra Push in Harlem

    The Wall Street Journal salutes Brain Gavin's work with East Harlem Tutorial, an organization dedicated to helping children succeed in school. Please click here to read the full article.
  • May 24, 2011

    2011 Masschallenge Startup Competition & Accelerator Receives Record Number of Entries – Announces 125 Finalists

    BOSTON, MA – May 24, 2011 – Today, MassChallenge joined by Governor Deval Patrick and ~100 area business leaders, announced 125 finalists in the world’s largest global start-up competition. Hundreds of expert judges from the startup ecosystem selected these finalists after 2 rounds of judging on 733 original entries from 24 countries and 34 states. The 2011 accelerator program starts on June 27 and the final ceremony will be held on October 20.
  • Apr 25, 2011

    Blackstone Charitable Foundation Commits $3.6 Million to Create Blackstone Entrepreneurs Network in North Carolina’s Research Triangle

    April 25, 2011 – The Blackstone Charitable Foundation and a consortium of major Triangle universities today announced the launch of the Blackstone Entrepreneurs Network, a new five-year initiative to help North Carolina’s Research Triangle become headquarters for America’s next high-growth companies with the greatest potential to create new jobs.