July 27, 2016 2:55 AM ET

Capital Markets

Company Overview of The Blackstone Group, Private Equity Group

Company Overview

The Blackstone Group, Private Equity Group is an investment firm specializing in direct and fund of funds investments. For direct investments in the firm seeks to invest in middle market, leveraged buyouts, distressed investments, structured equity, rescue financings, turnarounds, minority investments, large private transactions, large public-to-privates corporate partnerships, platform buildups, industry consolidations, start-ups in established industries, small and medium size buyouts, recapitalizations, PIPES, mature, late venture, growth capital and direct secondaries investments. The firm also prefers to invest in out-of-favor, under-appreciated industries. It seeks to invest in a broad...

345 Park Avenue

31st Floor

New York, NY 10154

United States

Founded in 1987

Phone:

212-583-5000

Fax:

212-583-5749

Key Executives for The Blackstone Group, Private Equity Group

Chief Executive Officer of Equity Healthcare and Operating Partner of Equity Healthcare
Age: 65
Co-Founder and Chief Executive Officer
Age: 69
Global Head of Private Equity and Member of the Management Committee
Age: 45
Senior Managing Director, Head of International Private Equity, and Head of Private Equity for Asia/Pacific
Age: 48
Senior Managing Director
Compensation as of Fiscal Year 2016.

The Blackstone Group, Private Equity Group Key Developments

Optiv Reportedly Exploring Sale Along With IPO

Optiv Security Inc. is exploring a sale along with a listing, people with knowledge of the matter said. The Optiv is backed by The Blackstone Group, Private Equity Group and could be valued at more than $2 billion, said the people. Optiv could draw interest from strategic buyers and other private equity firms, one of the people said.

Suitors Reportedly Eye LafargeHolcim India Cement Units

Advisors to the sale of 11-million ton (mt) cement capacity in India of LafargeHolcim Ltd. (SWX:LHN) are expecting at least seven to eight bids as the deadline for submission of non-binding bids near, said three people familiar with the process. In February 2016, LafargeHolcim announced its plans to divest its entire cement portfolio of 11 mt held under Lafarge India Pvt. Ltd. in order to comply with anti-trust regulations. Non-binding bids for the sale are due by April 15, 2016, said the people. A number of private equity firms have expressed preliminary interest in the assets. GIC Pte. Ltd. and Temasek Holdings (Private) Limited, Advent International Corporation, Baring Private Equity Asia, The Blackstone Group, Private Equity Group, Aion Partners LLC and Piramal Fund Management Pvt. Ltd. are evaluating the deal, said two of the three people. Shree Cement Limited (BSE:500387), JSW Cement Limited and CRH plc (ISE:CRG) have expressed interest, they said. "The divestment of assets in India is underway and we have a list of suitable candidates interested in acquiring the former Lafarge's business in India. You will understand that at this stage we are not in a position to give you any further details on the divestment process, neither in terms of expected valuations nor with regard to specific assets," a spokesperson for LafargeHolcim said in an email response. "At present, one of the big four auditing firms is conducting third-party vendor due diligence on Lafarge's assets. Once the diligence is complete, those who submit non-binding bids will interact with the Lafarge management, most likely in the third week of April," said one of the people mentioned above. Bankers expect the transaction to close by July 2016. A JSW spokesperson said, "With reference to your query, JSW Cement wants to clarify that as part of our growth strategy, the company looks to evaluate various opportunities, both organically and inorganically." Prashant Bangur, Joint Managing Director, Shree Cement, in a text to Mint said, "We are not looking at Lafarge."

Birla Reportedly Frontrunner To Acquire Reliance Cement

Birla Corporation Limited (BSE:500335) is the front runner to acquire Reliance Cement Company Private Limited from Reliance Infrastructure Ltd (BSE:500390) and is in advanced commercial negotiations, three people close to the matter said. The other serious bidder in race was The Blackstone Group, Private Equity Group, which had teamed up with Sumit Banerjee, former vice chairman of Reliance Cement. Blackstone and Baring Private Equity Asia are also seen as the other top contenders, people in know of the development said. Birla’s offer in the range of INR 50 billion – INR 51 billion is said to be in line with Reliance Group's expectations. The PE bids were pegged at INR 42 billion – INR 45 billion, said the people. A shortlist had been drawn up after final offers were submitted on December 25, 2015. Others who filed preliminary expressions of interest included Baring Private Equity Asia, The Carlyle Group LP (NasdaqGS:CG), JSW Cement Limited, JK Lakshmi Cement Limited (BSE:500380) and China Resources Cement Holdings Ltd. (SEHK:1313). A final decision is expected in the next fortnight but an announcement may come as early as next week. In a regulatory filing Reliance Infrastructure said: "We are at an advanced stage of discussions with potential buyers for divesting the Cement business. The proceeds of divestment will be utilized for reduction of the overall debt." Meanwhile in a BSE filing, Birla said: "With a view to expand cement business, the company keeps on evaluating and discussing various opportunities as may be available from time to time. However, no proposal has reached the stage, which would merit intimation under the Listing Regulation."

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