• Sep 14, 2012

    Crosstex Energy Completes Funding of Committed Projects; Amends Partnership Agreement to Modify Terms of Series A Convertible Preffered Units

    DALLAS – September 14, 2012 – The Crosstex Energy companies, Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership) and Crosstex Energy, Inc. (NASDAQ: XTXI) (the Corporation), today announced that the Partnership has completed its funding for its previously announced strategic growth initiatives – Phase I of the Cajun-Sibon natural gas liquids pipeline expansion, Phase II of the Riverside crude and its Ohio River Valley business expansion. Also, Crosstex Energy GP, LLC, the general partner of the Partnership (General Partner), has amended the Partnership’s Agreement of Limited Partnership. The amendment modifies the terms of the Series A Convertible Preferred Units (Preferred Units) held by funds managed by GSO Capital Partners LP (GSO) to, among other things, provide that cash distributions to the Preferred Units will be paid in-kind for the next six quarters.
  • Sep 10, 2012

    James Carnegie Appointed as Senior Advisor to Blackstone in Australia

    Sydney and Hong Kong, September 10, 2012. Blackstone (NYSE:BX) today announced that James Carnegie has been appointed as a Senior Advisor to the firm. Based in Sydney, Mr. Carnegie will focus primarily on the firm’s private equity activities in Australia. Mr. Carnegie was most recently a partner with Archer Capital, one of Australia's leading domestic private equity firms. Before that, his experience included working with Macquarie Capital in its principal investment area.
  • Sep 05, 2012

    Blackstone to Acquire GCA Services Group

    Cleveland, Oh., September 5, 2012 – GCA Services Group, Inc. and Blackstone (NYSE: BX) today announced a definitive agreement under which a fund managed by Blackstone on behalf of its private equity investors, Blackstone Capital Partners V, L.P. (collectively with its affiliates, “Blackstone”), will acquire GCA Services Group, a leading facility services company in the U.S., from Nautic Partners, L.L.C. and other minority shareholders.
  • Sep 05, 2012

    Blackstone Energy Partners Closes at $2.5 Billion

    New York, September 5, 2012 – Blackstone (NYSE:BX) today announced the final closing on just over $2.5 billion for Blackstone Energy Partners ("BEP") its first dedicated energy focused private equity fund. BEP invests in control and control-oriented equity investments within the energy and natural resources sector on a global basis. Blackstone Capital Partners VI, Blackstone's $16 billion diversified global private equity fund invests alongside BEP in energy and natural resources transactions.
  • Aug 14, 2012

    Blackstone to Offer Senior Notes

    New York, August 14, 2012 - The Blackstone Group L.P. (NYSE: BX) today announced its intention to offer, subject to market and other conditions, senior notes of Blackstone Holdings Finance Co. L.L.C., its indirect subsidiary. The notes will be fully and unconditionally guaranteed by The Blackstone Group L.P. and its indirect subsidiaries, Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Blackstone intends to use the proceeds from the notes offering for general corporate purposes.
  • Aug 13, 2012

    Blackstone Charitable Foundation Seeks out Innovative Ideas for Fostering Entrepreneurship

    New York, August 13, 2012 – The Blackstone Charitable Foundation announced today that it is releasing a Request for Proposal (RFP) targeting organizations that focus on entrepreneurship and innovation. Eligible organizations will be considered to participate in The Blackstone Charitable Foundation’s $1 million organizational grant program. Through these grants, The Blackstone Charitable Foundation will connect with innovative, early stage organizations and programs that directly support entrepreneurs globally and help these selected organizations pilot, expand or replicate projects or programs that will catalyze the growth of successful businesses, industries, and communities.
  • Aug 07, 2012

    Construction Commences on German Offshore Wind Farm Meerwind Süd│Ost

    New York, Bremerhaven – August, 7, 2012 -- WindMW GmbH (“WindMW”), a joint-venture of Blackstone and Windland Energieerzeugungs GmbH, today announces the start of offshore construction on its 288 MW Offshore Wind Farm, Meerwind Süd │Ost.
  • Jul 24, 2012

    Blackstone Invests $125 Million in Nantpharma, A Nantworks Company

    Los Angeles, CA, and New York, NY, July 24, 2012 – California-based NantWorks, LLC, announced today that a fund managed by Blackstone (NYSE: BX) has invested US$125 million in NantPharma, a NantWorks company whose products include high quality, biologically derived pharmaceuticals. NantPharma operates a number of drug manufacturing and research facilities around the country. In January 2012, it announced the acquisition and redevelopment of a former Pfizer facility in Terre Haute, Indiana, with a commitment to invest $85.5 million to produce critical care injectable and oncological drugs. The new plant is expected to become operational in 2015.
  • Jul 24, 2012

    Blackstone Deploys Coupa Software To Streamline Procurement and Approval Processes

    SAN MATEO, Calif. – July 24, 2012 – Coupa Software, the fastest growing provider of spend optimization software, today announced that Blackstone (NYSE: BX), one of the world’s leading investment and advisory firms, has selected Coupa as its spend management solution and has made a limited investment in the company. Some Blackstone portfolio companies already use Coupa, and the Coupa-Blackstone relationship will now be leveraged at other portfolio companies in coming months.
  • Jul 23, 2012

    Gerard Errera Is Appointed Chairman of Blackstone France

    Paris, July 23rd, 2012. Blackstone (NYSE:BX) today announced that it has appointed Gerard Errera as Chairman of Blackstone France. Mr. Errera was until now a Special Adviser to Blackstone, a position he has held since 2009. Before joining Blackstone, Mr. Errera was Secretary General of the French Ministry of Foreign Affairs and French Ambassador to the United Kingdom. He also served as the French Ambassador to NATO and Director General for Political Affairs of the French Ministry of Foreign Affairs.
  • Jul 19, 2012

    Blackstone Reports Second-Quarter 2012 Results

    Blackstone will host a conference call on July 19, 2012 at 11:00 a.m. ET to discuss second-quarter 2012 results. The conference call can be accessed by dialing +1 (877) 391-6747 (U.S. domestic) or +1 (617) 597-9291 (International) pass code 149 943 55#.
  • Jul 18, 2012

    Joe Baratta to Head Global Private Equity For Blackstone

    New York, July 18th, 2012. Blackstone (NYSE:BX) today announced that Joe Baratta will become head of global private equity for the firm. Joe currently heads the private equity team in Europe and is a member of the firm's Executive Committee. He will also join the firm’s Management Committee. Joe will be based in New York from September.
  • Jul 03, 2012

    The Weather Channel Companies Acquire Weather Underground

    The Weather Channel Companies (TWCC) today announced an agreement to acquire Weather Underground, a leading provider of Web based weather data. The transaction, terms of which were not disclosed, was announced by TWCC chairman and CEO David Kenny and Weather Underground president Alan Steremberg and is expected to close in several weeks.
  • Jul 02, 2012

    Ingram Micro to Become Leading Provider of Mobility Products, Services and Solutions with Acquisition of Brightpoint

    SANTA ANA, Calif. and INDIANAPOLIS, July 2, 2012 (GLOBE NEWSWIRE) -- Ingram Micro Inc. (NYSE:IM), the world's largest technology distributor and supply-chain services provider, and Brightpoint, Inc. (“BrightPoint”) (Nasdaq:CELL), a global leader in providing device life cycle services to the wireless industry, announced today they have entered into a definitive agreement under which, subject to customary closing conditions, Ingram Micro will acquire all of the outstanding shares of BrightPoint common stock for $9.00 per share in cash, a 66 percent premium to BrightPoint’s closing stock price on June 29, 2012, and a 35 percent premium to the 90-day average trading price. The transaction is valued at approximately $840 million, including the value of approximately $190 million of BrightPoint’s estimated debt (net of cash), as of June 30, 2012.
  • Jul 02, 2012

    Blackstone Advisory Partners Strengthens German Presence with Leadership Appointment in Frankfurt

    London, Frankfurt 2 July 2012 – The Blackstone Group L.P. (NYSE:BX) today announces that it is expanding and strengthening its international Blackstone Advisory Partners network with the appointment of Jan Weidner as a Senior Managing Director. Mr. Weidner will be responsible for the German speaking franchise for Blackstone Advisory Partners and will be based in Frankfurt.
  • Jun 26, 2012

    Blackstone Announces Second-Quarter 2012 Earnings Conference Call for the Media

    New York, June 26, 2012: Blackstone (NYSE:BX) announced today that it will host a 9:30 am (ET) conference call for the media on Thursday, July 19, 2012 on its second-quarter 2012 results.
  • Jun 26, 2012

    Blackstone Announces Second-Quarter 2012 Earnings Conference Call

    New York, June 26, 2012 – Blackstone (NYSE:BX) announced today that it will host its second- quarter 2012 investor conference call Thursday, July 19, 2012 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 Blackstone’s second-quarter 2012 earnings. The conference call can be accessed by dialing +1 (877) 391-6747 (U.S. domestic) or +1 (617) 597-9291 (International) pass code 149 943 55#.
  • May 22, 2012

    Sale of Motel 6 for $1.9 Billion Dollars

    Accor announces it has signed an agreement today to sell its United States Economy Hotels Division to an affiliate of Blackstone Real Estate Partners VII, for a total value of $1.9bn. The network includes Motel 6, the iconic North American brand, and Studio 6, an extended-stay economy chain, and comprises 1.102 hotels (107.347 rooms) in the USA and in Canada.
  • May 18, 2012

    SeaWorld’s New Waterpark, Aquatica, Opens This Weekend

    San Antonio, TX (May 18, 2012) – Tomorrow, SeaWorld will introduce its guests to Aquatica Waterpark, a whimsical aquatic park with up-close animal experiences, high-speed thrills and relaxing, sandy beaches. Aquatica is the single largest capital project in park’s history.
  • May 15, 2012

    Cheniere Agrees to Sell $2B of Equity for Sabine Pass Liquefaction Project

    Houston, Texas – May 15, 2012 – Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE Amex: CQP) announced today that it has entered into a Unit Purchase Agreement (“Agreement”) with investment funds managed by Blackstone Energy Partners L.P. and Blackstone Capital Partners VI L.P. (collectively with their affiliates “Blackstone”). Under the Agreement, Blackstone has agreed to purchase $1.5 billion newly issued CQP Class B units (“Class B Units”) from Cheniere Partners in a private placement. As previously announced, Cheniere Energy, Inc. (“CEI”) has also agreed to purchase $500 million newly issued Class B Units pursuant to a separate unit purchase agreement. Proceeds from the financings will be used to fund the equity portion of the costs of developing, constructing and placing into service the Sabine Pass LNG liquefaction project being developed adjacent to the Sabine Pass LNG terminal (the “Liquefaction Project”), to purchase the Creole Trail Pipeline from Cheniere Energy, Inc. and to fund modifications to the Creole Trail Pipeline and for other partnership business purposes.