Dec. 9 (Bloomberg) -- Raffiq Nathoo, the head of Blackstone Group LP’s global power and energy advisory team, is retiring from the firm early next year.
Nathoo, 47, has decided to leave the firm after 22 years to “pursue new opportunities outside Blackstone and take some much desired time off,” according to an internal announcement from Blackstone President Hamilton James obtained by Bloomberg News. Peter Rose, a spokesman for Blackstone, confirmed the memo.
Nathoo, a senior managing director with Blackstone Advisory Partners LP, helped advise on on NorthWestern Corp.’s $900 million purchase of PPL Corp.’s hydroelectric facilities in Montana, announced in September, according to his biography on Blackstone’s website. He also worked on GDF Suez’s $10.2 billion purchase of International Power Plc last year.
Nathoo joined Blackstone in 1995, according to the Financial Industry Regulatory Authority. Prior to that he was a member of Salomon Brothers Inc.’s mergers and acquisition team, according to Blackstone.
To contact the reporter on this story: Matthew Monks in New York at email@example.com
To contact the editor responsible for this story: Mohammed Hadi at firstname.lastname@example.org