• Feb 03, 2004

    Blackstone Closes Third CLO Vehicle on $1 Billion

    New York, February 3, 2004 – The Blackstone Group today announced the closing of its third structured debt investment vehicle, a $1.022 billion collateralized loan obligation fund (CLO) named Monument Park CDO, Ltd. Blackstone Debt Advisers (BDA), an affiliate of The Blackstone Group, manages the fund. BDA is a nine-member team headed by Dean Criares. UBS acted as distribution agent for Monument Park’s debt.
  • Feb 02, 2004

    Blackstone Offer Document Published: Celanese Shareholders Can Accept Offer for Friendly Takeover from Today Until March 15

    Stuttgart/Kronberg/Hamburg, 2 February 2004 – As of today, shareholders in Celanese AG can accept the offer made by BCP Crystal Acquisition GmbH & Co. KG, the acquisition vehicle set up by private equity funds advised by The Blackstone Group to acquire all outstanding shares in Celanese AG. Following approval by the German Federal Office for Supervision of Financial Services (BaFin) and in accordance with the German Securities Acquisition and Takeover Act (WpÜG) and applicable U.S. securities laws, the offer document was published today. Celanese AG shareholders should receive the offer document and certain other information and instructions for accepting the offer within the next few days by mail.
  • Jan 22, 2004

    Financial Investors are the New Owners of the SULO Group, Based at Herford

    Hamburg/Herford/Munich, 22 January 2004 – The European Commission, as the competition authority with responsibility, last week approved the purchase of 100% of the shares of the SULO Group, based in Herford, by funds that are advised by the two private equity companies Blackstone and Apax Partners. With this, the transaction has been successfully completed. It has been agreed that further financial details of the transaction will not be released.