• Dec 21, 2004

    John Tolbert to Lead Boca Resorts, Inc. Sales/Marketing Effort

    BOCA RATON, Fla. – December 21, 2004 – The Blackstone Group has named John C. Tolbert an executive vice president and president of sales/marketing for the new management group WHM LLC (WHM), that oversees operation of Boca Resorts, Inc. (BRI).
  • Dec 17, 2004

    Blackstone Redefines Management Structure for Future Growth

    New York, December 17, 2004: The Blackstone Group, the world’s largest alternative asset manager with approximately $32 billion of capital raised since inception, today announced several changes in senior management responsibilities to facilitate the firm’s growth goals and to provide for orderly succession planning.
  • Dec 15, 2004

    Blackstone Hires Leading Distressed Debt Specialist

    New York; December 15, 2004: The Blackstone Group today announced that John Dionne has joined Blackstone as a Senior Managing Director and Chief Investment Officer of Blackstone Distressed Debt Advisors, L.P. His role will be to lead the development of a new investment focus, concentrating on distressed debt with an emphasis on smaller, less efficiently traded issues. Mr. Dionne will have access to the existing shared knowledge that resides in Blackstone’s private equity, corporate debt and real estate groups.
  • Dec 15, 2004

    Initial Acquisition of Texas Genco Complete

    Houston, TX - December 15, 2004 – Texas Genco LLC, formerly known as GC Power Acquisition LLC, has completed the first step of its acquisition of Texas Genco Holdings, Inc. by acquiring its fossil-fueled power generation business, consisting of 60 generating units in 11 power plants, representing a total generating capacity of 13,286 MW.
  • Dec 10, 2004

    The Blackstone Group Completes Acquisition of Boca Resorts, Inc.

    BOCA RATON, Fla., December 10, 2004 /PRNewswire-FirstCall/ – Boca Resorts, Inc. (NYSE: RST) announced today that it has completed its merger with an affiliate of The Blackstone Group. Under the terms of the merger agreement, the Company’s stockholders will be entitled to receive $24.00 per share in cash, without interest.
  • Dec 08, 2004

    Boca Resorts, Inc. Stockholders Approve Merger Agreement

    BOCA RATON, Fla., December 8, 2004 /PRNewswire-FirstCall/ – Boca Resorts, Inc. (NYSE: RST), an owner and operator of luxury resorts in Florida, announced today that the stockholders of the Company voted to adopt the Agreement and Plan of Merger among the Company and affiliates of The Blackstone Group at a special stockholders’ meeting held today in Fort Lauderdale, Florida.
  • Dec 08, 2004

    Hyatt Corporation Announces Acquisition of Amerisuites Hotels

    Formation of Global Hyatt Corporation Progresses CHICAGO, December 9, 2004 – Hyatt Corporation, the worldwide hotel management and real estate development company, announced today that it will purchase the 143-unit AmeriSuites hotel chain from affiliates of The Blackstone Group. Definitive agreements have been concluded and the transaction is expected to close in early January. Terms of the deal have not been disclosed.
  • Dec 02, 2004

    Blackstone Acquires WCM Residential Portfolio

    London/Frankfurt, 2 December 2004 – Real Estate Funds advised by The Blackstone Group have today announced the purchase of the entire stock of residential properties belonging to WCM Beteiligungs- and Grundbesitz-Aktiengesellschaft, based in Frankfurt.
  • Dec 02, 2004

    Cineworld Acquires UGC’s Operations in the UK and Ireland

    New York/London, December 2, 2004: Cineworld UK Limited today announced the acquisition of UGC’s cinema operations in the UK and Ireland from UGC S.A.. UGC is the third largest operator of cinemas in the UK, operating 408 screens in 42 cinemas. Earlier this year Cineworld, controlled by The Blackstone Group, acquired Cine-UK Ltd, then the fifth largest cinema operator in the UK. With UGC, the group will become the second largest cinema operator in the UK.
  • Nov 29, 2004

    NHP Recommends Offer by Blackstone

    "The recovery in NHP’s business brought about by the current senior management team has led to a 14 fold increase in the share price within the last 4 years and an 83.4 per cent. increase in the share price over the last 12 months. The Offer from TBG CareCo gives shareholders the opportunity to realise the value of their investment in cash at an attractive price. The combination of Southern Cross (Blackstone’s existing operating business) and Highfield Care will offer new opportunities for our staff and further enhance the service we provide to our residents."
  • Nov 23, 2004

    Celanese Announces Acquisition of Emulsion Polymer Business from ICI

    Dallas, Texas; November 23, 2004 – Celanese announced today that it has agreed to purchase Vinamul Polymers, the emulsion polymer business of National Starch and Chemical Company (NSC), for $208 million, subject to regulatory approvals and other customary conditions. NSC is a subsidiary of Imperial Chemical Industries PLC (ICI).
  • Nov 11, 2004

    Blackstone Funds Acquire Gerresheimer Glas from Investcorp and JP Morgan Partners

    HAMBURG & DUSSELDORF, Germany & NEW YORK--(BUSINESS WIRE)--Nov. 11, 2004--An acquisition corporation owned by private equity funds advised by Blackstone signed an agreement today to buy Gerresheimer Glas, the Dusseldorf-based international packaging company. The parties have agreed not to disclose details of the transaction.
  • Oct 20, 2004

    The Blackstone Group to Acquire Boca Resorts, Inc.

    BOCA RATON, Fla., Oct. 20 /PRNewswire-FirstCall/ – Boca Resorts, Inc. (NYSE: RST), an owner and operator of luxury resorts in Florida, announced today that it had signed a definitive merger agreement to be acquired by an affiliate of The Blackstone Group for $24.00 per share. The price represents a premium of 28% over yesterday’s closing price of $18.76. The total value of the transaction, including debt, is approximately $1.25 billion.
  • Oct 13, 2004

    Blackstone Acquires Cine-UK

    New York/London, October 13, 2004: The Blackstone Group today announced the acquisition of Cine-UK Ltd from a consortium led by JP Morgan Partners, RIT Capital Partners plc and Botts & Company by Blackstone Capital Partners IV, an affiliate of the Blackstone Group, and Cine-UK management. Lehman Brothers was M&A adviser and provided debt financing to Blackstone in support of the acquisition.
  • Oct 13, 2004

    Partnership for New York City Announces David Rockefeller Fellows - Jonathan Gray

    NEW YORK, October 13, 2004 – The Partnership for New York City has announced its 2004- 2005 class of David Rockefeller Fellows. The 18 Fellows join an eminent and diverse group of over 150 New York City business leaders who have taken part in the program since it was created in 1989, in honor of David Rockefeller, the Partnership’s founder.
  • Oct 12, 2004

    Vanguard Agrees to Acquire Three Massachusetts Hospitals from Tenet Healthcare

    Oct. 12, 2004 – Vanguard Health Systems, Inc. (“Vanguard” or “Company”) announced today that its subsidiary has signed a definitive agreement to acquire three acute care hospitals in Massachusetts from subsidiaries of Tenet Healthcare Corporation. The hospitals are 348-bed Saint Vincent Hospital at Worcester Medical Center in Worcester and 420-bed, two-campus MetroWest Medical Center, consisting of Leonard Morse Hospital in Natick and Framingham Union Hospital in Framingham. Vanguard’s purchase price for the assets to be acquired from the sellers is $100.3 million for the property, plant and equipment. In addition, we will acquire from the sellers and build from operations net working capital for the hospitals in an estimated aggregate amount of approximately $26.4 million.
  • Oct 06, 2004

    Prime Hospitality Corp. Stockholders Approve Merger with an Affiliate of The Blackstone Group

    FAIRFIELD, N.J., Oct 6, 2004 /PRNewswire-FirstCall via COMTEX/ – Prime Hospitality Corp. (NYSE: PDQ) (the "Company") today announced that its stockholders, voting at a special meeting held in Fairfield, New Jersey this morning, have adopted the Agreement and Plan of Merger among the Company and affiliates of The Blackstone Group. Approximately 99.9% of stockholders present and voting adopted the merger agreement, representing approximately 65.4% of the total number of outstanding shares entitled to vote.
  • Sep 24, 2004

    Prime Hospitality Enters into Memorandum of Understanding to Settle Stockholder Litigation

    FAIRFIELD, N.J., Sept. 24 /PRNewswire-FirstCall/ – Prime Hospitality Corp. (the "Company") announced today that the Company and the other defendants have entered into a memorandum of understanding to settle the purported class action litigation brought in connection with the Company's acquisition by BREP IV Hotels Holding L.L.C., an affiliate of The Blackstone Group ("Blackstone"). The litigation was brought in the Court of Chancery of the State of Delaware, New Castle County, against the Company, the Company's directors and Blackstone.
  • Sep 23, 2004

    The Blackstone Group Completes Major Investment in Vanguard Health Systems, Inc.

    NASHVILLE, Tenn. – September 23, 2004 – Vanguard Health Systems, Inc. (the “Company” or “Vanguard”) announced that affiliates of The Blackstone Group (“Blackstone”), a private equity firm, have purchased a majority equity interest in Vanguard in a transaction valued at approximately $1.75 billion pursuant to a previously announced merger agreement. As a result of the merger transaction, Vanguard has a new parent company, VHS Holdings LLC (“Holdings”). Vanguard, formed in 1997 by management and Morgan Stanley Capital Partners, owns and operates acute care hospitals and complementary healthcare facilities and services in urban and suburban markets.
  • Sep 16, 2004

    Blackstone Acquires Southern Cross Healthcare

    New York/London, September 16, 2004: The Blackstone Group today announced the acquisition of Southern Cross Healthcare Ltd. from West Private Equity for £162 million in cash by Blackstone Capital Partners IV, an affiliate of The Blackstone Group, and Southern Cross management.