• May 07, 2008

    Blackstone Announces First Quarter 2008 Earnings Conference Call

    New York, May 7, 2008: The Blackstone Group L.P. (NYSE:BX), announced today that it will host its first quarter 2008 investor conference call Thursday, May 15, 2008 at 11:00 am ET. Stephen A. Schwarzman, Chairman, CEO and Co-Founder; Tony James, President and Chief Operating Officer; Michael Puglisi, Chief Financial Officer; and Joan Solotar, Senior Managing Director – Public Markets, will review The Blackstone Group L.P.’s first quarter 2008 earnings. The conference call can be accessed by dialing (888) 713-4205 (U.S. domestic) and (617) 213- 4862 (international) pass code 60516941.
  • May 06, 2008

    Blackstone/GSO Announces Three New CLOs

    New York, May 6th, 2008: The Blackstone Group (NYSE:BX) today announced the closing of three newly created collateralized loan obligation funds (“CLOs”) totaling $1.3 billion, all created over the past month. In March, the firm merged its pre-existing CLO management group with the team from its newly acquired GSO Capital Partners. The 35 person CLO team maintains offices in New York and London.
  • Apr 28, 2008

    Blackstone Real Estate Partners to Invest in Synergy

    Bangalore, April 28, 2008: Blackstone Real Estate Partners, an affiliate of The Blackstone Group L.P. (NYSE: BX) announced today that it agreed to invest approximately $18 million for a minority stake with board representation in Synergy Property Development Services Private Ltd.
  • Apr 17, 2008

    Blackstone Makes Senior Appointment in Turkey

    London, 17 April, 2008: The Blackstone Group (NYSE:BX) today announces that Kemal Kaya has joined the firm’s global private equity team as a Senior Advisor. Based in Turkey, Mr. Kaya will focus principally on developing business initiatives and advising Blackstone on potential transactions in the region. David Blitzer, Senior Managing Director at Blackstone in London, commented: “Blackstone’s leading market position is in part due to its powerful international network. We’re building on that with this appointment in what is an attractive and high growth market. Kemal is a highly experienced, well-connected professional who also brings a broad external perspective to the firm.”
  • Apr 01, 2008

    Blackstone Real Estate Partners VI Closes with $10.9 Billion Raised

    New York, April 1, 2008: The Blackstone Group L.P. (NYSE: BX) announced today the closing of Blackstone Real Estate Partners VI (BREP VI) with capital commitments totaling $10.9 billion, creating the largest real estate opportunity fund ever raised. The firm has raised a total of nine real estate funds since inception, both funds for global investing and funds with a specific focus on Western Europe, with total capital commitments of $25.7 billion Blackstone’s Real Estate group numbers more then 60 investment and asset management professionals with broad experience across most real estate categories, including hotels, office, residential, retail, and other commercial properties. In the past several years Blackstone has completed a number of major transactions including Equity Office Properties, Hilton Hotels, CarrAmerica, Wyndham Hotels, Trizec Properties and Southern Cross / NHP. The group has completed more then 225 separate investments in North America and Europe with a total transaction value of approximately $132 billion since 1992. Most recently the group opened offices in Tokyo, Mumbai and Hong Kong to expand Blackstone’s real estate business in Asia.
  • Mar 10, 2008

    The Blackstone Group Reports Full Year and Fourth Quarter 2007 Earnings

    Blackstone will host a conference call on March 10, 2007 at 11:00 a.m. ET to discuss fourth quarter 2007 results. The conference call can be accessed by dialing (888) 680-0890 (U.S. domestic) or +1 (617) 213-4857 (international) pass code 48601691.
  • Mar 05, 2008

    Blackstone Announces Fourth Quarter and 2007 Year End Earnings Conference Call

    New York, March 5, 2008: The Blackstone Group L.P. (NYSE:BX), announced today that it will host its fourth quarter and 2007 year end investor conference call Monday, March 10, 2008 at 11:00 am ET. Stephen A. Schwarzman, Chairman, CEO and Co-Founder; Tony James, President and Chief Operating Officer; Michael Puglisi, Chief Financial Officer; and Joan Solotar, Senior Managing Director – Public Markets, will review The Blackstone Group L.P.’s fourth quarter and 2007 year end earnings. The conference call can be accessed by dialing (888) 680-0890 (U.S. domestic) and (617) 213-4857 (international) pass code 48601691.
  • Mar 04, 2008

    Gerry Murphy Joins Blackstone’s Private Equity Group

    London, March 4, 2008: The Blackstone Group (NYSE:BX) today announced that Gerry Murphy will join the firm’s private equity team on March 3, 2008 as a Senior Managing Director, based in London. Gerry Murphy will focus principally on supporting Blackstone’s portfolio companies across Europe and Asia.
  • Mar 04, 2008

    Blackstone Closes GSO Acquisition

    New York, March 4, 2008: The Blackstone Group L.P. (NYSE: BX) announced today that it closed the previously-announced acquisition of GSO Capital Partners LP and certain of its affiliates on March 3, 2008. The purchase price, subject to certain closing adjustments, paid by Blackstone consists of cash and Blackstone Holdings Partnership Units currently valued at $635 million in the aggregate, plus up to an additional targeted $310 million to be paid over the next five years contingent upon the realization of specified earnings targets over that period. Additionally, profit sharing and other compensatory payments subject to performance and vesting may be paid to the GSO personnel.
  • Feb 27, 2008

    Petroplus Announces Formation of Growth Vehicle for US Refinery Acquistions

    Zug, Switzerland, February 27, 2008 — Petroplus Holdings AG (SWX: PPHN) today announced that, effective 1 March 2008, it has entered into a partnership (“PBF”) with the Blackstone Group and First Reserve, to pursue acquisitions of crude oil refineries in the United States. Each partner has committed USD 667 million in equity to this venture. PBF will assemble a small group of highly experienced professionals in the U.S. to examine potential opportunities. Thomas O’Malley, Chairman of Petroplus, will act as the Chief Executive Officer of the Partnership.
  • Feb 20, 2008

    Blackstone to Invest in Allcargo

    New York/ Mumbai, 20th February, 2008: The Blackstone Group (NYSE: BX; www.blackstone.com), announced today that the Board of Directors of Allcargo Global Logistics Limited (“Allcargo”) has approved an investment of US$60 million by The Blackstone Group and its affiliates (“Blackstone”) subject to seeking the necessary mandatory and regulatory clearances. As part of this transaction, Blackstone will have representation on the Board of Allcargo. Blackstone also intends to purchase additional shares of Allcargo from the open market from time to time, but intends to maintain its ownership below 15.0%. Allcargo will raise the US$60 million through a fresh issue of equity shares, fully and compulsorily convertible debentures and optionally convertible warrants. Allcargo is a leading Indian private sector logistics operator and a niche global logistics player.
  • Jan 18, 2008

    Performance Food Group Signs Merger Agreement with Blackstone and Wellspring

    RICHMOND, Va.(Jan. 18, 2008) - Performance Food Group Company (NASDAQ/NGS: PFGC) announced today it has signed a definitive merger agreement to be acquired by an affiliate of The Blackstone Group (NYSE: BX) and Wellspring Capital Management in a transaction valued at approximately $1.3 billion. Under the terms of the merger agreement, Performance Food Group shareholders will receive $34.50 in cash for each outstanding share of Company common stock they hold representing a premium of 33.4% over the average closing share price for the 30 trading days ended January 17, 2008 and 42.6% over yesterday’s closing share price of $24.19.
  • Jan 10, 2008

    Blackstone to Acquire GSO; Announces $500 Million Unit Repurchase Program

    New York, January 10, 2008 – The Blackstone Group L.P. (NYSE: BX; www.blackstone.com) announced that Blackstone and GSO Capital Partners LP have agreed in principle on terms under which Blackstone will acquire GSO. GSO is an alternative asset manager specializing in the leveraged finance marketplace, with approximately $10 billion under management. It manages a multi-strategy credit hedge fund, a mezzanine fund, a senior debt fund and various CLO vehicles.