Blackstone Strengthens West Coast Technology Advisory Practice

  Blackstone Strengthens West Coast Technology Advisory Practice

Business Wire

NEW YORK -- July 8, 2013

Blackstone (NYSE:BX) today announced that it is bolstering its technology
advisory practice on the West Coast by relocating Sean Madnani, Senior
Managing Director of Blackstone Advisory Partners, to the firm’s office in
Menlo Park. Mr. Madnani will lead Blackstone’s technology mergers and
acquisitions (“M&A”) practice on the West Coast and Asia. He joins Ivan
Brockman, Senior Managing Director of Blackstone Advisory Partners, who
founded Blackstone’s Menlo Park office and will continue to lead the firm’s
software, systems, and internet advisory practices.

Blackstone was founded in 1985 as an advisory business to provide
comprehensive strategic solutions to clients around the world, working across
diverse industries and geographies. Over the past three decades, the firm has
grown its investment business, which is now one of the world’s leading
alternative asset managers, and its advisory business, which now includes over
30 partners in 11 offices globally. Blackstone established a dedicated team to
focus on technology M&A advisory in 2007, which has advised on more than 50
technology transactions totaling more than $30 billion in aggregate value.

Chris Pasko, Senior Managing Director and Global Head of Technology for
Blackstone Advisory Partners, said, “Our practice focuses on providing advice
to technology companies on their most complex decisions: strategic
acquisitions, cross border transactions, restructurings, carve-outs, defense
posture, and change-of-control transactions. We see a strategic opportunity to
expand our advisory business in Silicon Valley and feel it is important to
increase our resources on the ground. Sean brings a deep understanding of
complex technology M&A and will add incredible value to the team and for our
clients as we expand our efforts in Silicon Valley and globally.”

Ivan Brockman added, “Blackstone has made a large commitment to Silicon Valley
in the past five years, from growing its technology advisory practice in Menlo
Park to being a primary sponsor of three technology incubators in San
Francisco and the Valley. I am excited to have Sean join the Menlo Park office
to help continue to build our West Coast technology advisory practice. Sean’s
transaction and industry expertise will be critical to accelerating our
success to date and clearly demonstrates Blackstone’s deep commitment to the
technology market and Silicon Valley.”

Sean Madnani said, “We have a tremendous opportunity to grow our technology
practice on the West Coast and in Asia, and to raise the firm’s profile in
this area. I look forward to joining Ivan and the rest of our West Coast
team.”

Mr. Madnani joined Blackstone in 2005. Since joining the firm, he has provided
advisory services to clients in a number of technology, media, and
telecommunications-related transactions. Several notable transactions include
advising BrightPoint in its sale to Ingram Micro, Opnext in its merger with
Oclaro, Adaptec in the sale of its operating assets to PMC-Sierra, the
bondholders of Conexant Systems and Covalent Materials in their respective
restructurings, The Weather Company’s acquisitions of Weather Central and
Weather Underground, Blackstone’s acquisition of Freescale Semiconductor, and
many others.Over the course of his career, Mr. Madnani has advised on M&A
transactions totaling in excess of $100 billion in aggregate value.

About Blackstone

Blackstone is one of the world’s leading investment and advisory firms. We
seek to create positive economic impact and long-term value for our investors,
the companies we invest in, the companies we advise and the broader global
economy. We do this through the commitment of our extraordinary people and
flexible capital. Our alternative asset management businesses include the
management of private equity funds, real estate funds, hedge fund solutions,
credit-focused funds and closed-end funds. Blackstone also provides various
financial advisory services, including financial and strategic advisory,
restructuring and reorganization advisory and fund placement services. Further
information is available at www.blackstone.com. Follow us on Twitter
@Blackstone.

Contact:

Blackstone
New York
Oriane Schwartzman, +1-212-390-2250
 
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