• Sep 08, 2003

    Jill Greenthal Joins Blackstone's Mergers & Acquisitions

    New York: September 8, 2003 – The Blackstone Group announced today that Jill Greenthal, formerly Co-Head of the Global Media Investment Banking Group, a Member of the Executive Board of Investment Banking, and Co-Head of the Boston Investment Banking office of Credit Suisse First Boston, is to join Blackstone’s M&A group as a Senior Managing Director.
  • Sep 04, 2003

    Blackstone Opens Office in Germany

    New York, September 4, 2003 – Blackstone today announced that Dr. Hanns Ostmeier has joined the firm as a Senior Managing Director of The Blackstone Group and will serve as senior adviser and head of Blackstone’s office in Hamburg, Germany. He will be responsible for helping Blackstone on potential and existing private equity investments in German speaking and Northern European markets.
  • Sep 04, 2003

    Blackstone, Apollo and Goldman Sachs to Acquire Ondeo Nalco from Suez for $4.2 Billion

    New York, NY, September 4, 2003 – A consortium of private equity firms comprised of The Blackstone Group, Apollo Management, L.P., and Goldman Sachs Capital Partners (collectively, the “Investor Group”) announced today that it has signed a definitive agreement to acquire Ondeo Nalco (“Nalco”) from Suez S.A. in a transaction valued at $4.2 billion.(1)
  • Aug 28, 2003

    New Managing Director for The Savoy

    London: August 28, 2003: Geraldine McKenna, Executive Vice President of the Savoy Group, announced today the appointment of Jean-Jacques Pergant, Managing Director of The Berkeley and Senior Vice President of the Savoy Group, as the new Managing Director of The Savoy. Jean-Jacques takes up the position on Monday 8th September. At The Savoy Jean-Jacques Pergant will also retain his current position as Senior Vice President of the Savoy Group with strategic responsibility for The Berkeley and The Connaught.
  • Aug 04, 2003

    GE Insurance to Sell Financial Guaranty Insurance to Investors Led by The PMI Group

    RICHMOND, Virginia (August 4, 2003) – GE Insurance today announced it has reached a definitive agreement to sell Financial Guaranty Insurance Company (FGIC) to a group of investors led by The PMI Group, Inc. (PMI). GE will realize total value from the transaction of approximately $2.16 billion. This transaction is consistent with GE Insurance’s strategy to focus its global operations on key segments, while allowing GE to selectively re-deploy capital in new business lines it intends to grow rapidly. Importantly for FGIC’s customers, the proposed deal positions the company to maintain its triple-A ratings. The transaction is subject to normal regulatory approvals, which are expected within 90 to 120 days.
  • Aug 01, 2003

    Paul O'Neill Joins TRW Automotive Board of Directors

    LIVONIA, Mich., Aug. 1 – TRW Automotive today announced the election of Paul H. O’Neill to the company’s board of directors. The appointment is effective immediately and increases the number of TRW Automotive directors to seven.
  • Jul 31, 2003

    Gas Natural SDG Wins Final Auction of Enron's Assets in Ecoelectrica de Puerto Rico

    July 31, 2003, Barcelona, Spain – Today the Judge of New York’s South District Court in charge of the matters relating to ENRON’s bankruptcy held the auction of ENRON´s assets in Ecoeléctrica de Puerto Rico, which were finally awarded to Gas Natural SDG, and which consist of 47.5% of Ecoléctrica as well as the management contract of the company.
  • Jul 31, 2003

    Allied Waste Announces Agreement to Exchange Series A Convertible Preferred Stock for Common Stock

    SCOTTSDALE, Ariz., July 31 /PRNewswire-FirstCall/ – Allied Waste Industries, Inc. (NYSE: AW) today announced that it has reached an agreement with the holders of its $1 billion face amount 6 1/2% Series A Senior Convertible Preferred Stock (the “Series A Preferred Stock”) (which will have an accreted value of approximately $1.295 billion at July 31, 2003) to exchange all of their shares of Series A Preferred Stock for shares of Allied Waste common stock (the “Transaction”).
  • Jul 10, 2003

    Thomas Middleton To Join The Blackstone Group

    New York, July 10, 2003: The Blackstone Group announced today that Thomas S. Middleton has joined the firm as a Senior Managing Director in Blackstone’s Mergers and Acquisitions Advisory Group.
  • Jul 01, 2003

    The Savoy Group Sells The Lygon Arms

    The Savoy Group is pleased to announce that it has, today, completed the sale of The Lygon Arms to Furlong Hotels, a family owned company founded in 1969. Privately owned since 1532, The Lygon Arms joined The Savoy Group in 1986. Over the years it has built up an enviable reputation as an international hotel providing the finest cuisine.
  • Jun 02, 2003

    Homestead Studio Suites Agrees to Purchase 17 Hotels

    Expands brand’s presence in eight new markets (Atlanta, Ga. – June 2, 2003) Homestead Studio Suites Hotels, one of the largest owner/operators of moderate-priced extended stay hotels in the United States, has signed a $92 million binding agreement with an affiliate of Sunburst Hospitality Corp. to purchase 17 hotels currently under the MainStay Suites brand. In addition, two underlying land leases are being assumed and Sunburst has an earn-out potential of up to $2.5 million based on the hotels’ future performance.
  • May 08, 2003

    Prakash Melwani to Join The Blackstone Group

    New York, May 8, 2003 – The Blackstone Group announced today that Prakash A. Melwani will join the firm’s private equity group in a senior partner role, providing additional leadership to the group and serving as a key member of the firm’s private equity investment committee.
  • Apr 21, 2003

    Blackstone Takes on Dedicated Healthcare Team

    New York, April 21, 2003 – The Blackstone Group announced today the creation of Blackstone Healthcare Partners, LLC. The new group includes healthcare veterans Lodewijk de Vink, Alex Erdeljan, and Doug Rogers, all with many years of direct experience in both the healthcare and private equity sectors. Blackstone Healthcare Partners will be the focal point of Blackstone’s efforts in sourcing, analyzing and overseeing investments in the area of pharmaceuticals and medical products on a global basis.
  • Apr 15, 2003

    Blackstone Announces Plans to Modernize Düsseldorf's Deutsch-Japanisches Center

    London, April 15, 2003 – In January 2003, an affiliate of Blackstone Real Estate Advisors purchased the Deutsch-Japanisches Center (“DJC”) from a consortium of Japanese shareholders. DJC is a mixed-use complex in Düsseldorf, Germany, consisting of a 301-room Nikko Hotel, a 142,300 sq.ft. office building, and a 550-car underground parking facility. Key aspects of Blackstone’s strategy for DJC will include a $6 million modernization and refurbishment program, office tenancy restructuring, and hotel operational cost savings.
  • Apr 09, 2003

    Blackstone Real Estate Advisors Sells the San Tomas Technology Park in Santa Clara, California

    New York, April 9, 2003: An affiliate of Blackstone Real Estate Advisors sold seven buildings consisting of 625,000 square feet known as San Tomas Technology Park, located in Santa Clara, California, to Mission West Properties, L.P. Blackstone sold the project for $110 million. Larry Blickman of BT Commercial was the sole advisor on the transaction.
  • Apr 01, 2003

    David Verey Joins Blackstone as Senior Advisor

    New York: April 1, 2003. The Blackstone Group announced today that David Verey has joined Blackstone as senior advisor to the firm in Europe. Mr. Verey’s primary focus will be to work with Blackstone’s advisory and investment groups on European transactions and to assist Blackstone with its growth and development plans in Europe. In addition, Mr. Verey will join Blackstone’s European Advisory Board.
  • Mar 19, 2003

    Enron Board Approves Proposal to Create New Pipeline Company

    Wednesday, March 19, 2003: HOUSTON – The Enron Corp. Board of Directors voted today to move forward with the creation of a new pipeline operating entity rather than sell the company’s interests in its three North American pipelines. This decision, which is part of an extensive due diligence and auction process for 12 of Enron’s core domestic and international assets, was made after the Board received and considered multiple bids for the three pipeline interests.
  • Mar 10, 2003

    Paul O’Neill Becomes Special Advisor to Blackstone

    New York: March 10, 2003 – The Blackstone Group announced today that Paul O’Neill has agreed to act as Special Advisor to the firm. Mr. O’Neill’s primary focus in his role at Blackstone will be to advise the firm’s private equity funds’ portfolio companies on operational and related issues, and to assist the firm in analyzing potential private equity investment opportunities. In addition Mr. O’Neill will join Blackstone’s Advisory Board.
  • Mar 03, 2003

    TRW Automotive Drives Ahead Under Blackstone

    TRW Automotive – safety systems leader drives ahead under Blackstone LIVONIA, MICHIGAN March 3, 2003 – TRW Automotive today announced the completion of the $4.73 billion purchase of the company by affiliates of The Blackstone Group. With the closing of the sale, Blackstone and management now own 80.4 percent of the business while Northrop Grumman retains 19.6%.
  • Mar 03, 2003

    Northrop Grumman Completes Sale of TRW to Blackstone

    LOS ANGELES, March 3, 2003 – Northrop Grumman Corporation (NYSE: NOC) announced today that it has completed the $4.7 billion sale of TRW Automotive to affiliates of The Blackstone Group. The consideration included approximately $3.9 billion in the form of cash and debt retained by TRW Automotive, a $600 million payment-in-kind note, and a 19.6 percent equity investment in the new enterprise.