September 27, 2016 9:27 PM 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

IVG And Blackstone Talks Reportedly Collapse; Prepares OfficeFirst For Frankfurt IPO

IVG Immobilien AG will list its core activities after sale talks for its office portfolio to The Blackstone Group, Private Equity Group collapsed, two sources familiar with the matter told Reuters. One person, stated that the group of hedge funds that owns IVG had turned down Blackstone's offer of about €3.3 billion ($3.7 billion) for the asset, named OfficeFirst. IVG's supervisory board met on September 15, 2016, to finalize the decision, the other person said. Officefirst Immobilien AG & Co. KG and IVG's owners - funds including York Capital Management, Anchorage Capital Group, L.L.C. and Davidson Kempner Capital Management LLC- would be looking for proceeds of between €700 million and €900 million from an initial public offering (IPO). OfficeFirst is looking for a stock market valuation of about €1.5 billion, the sources said earlier.

Siccar Point Mulls Acquisitions

Siccar Point Energy Limited is looking for acquisitions. The company is been backed by The Blackstone Group, Private Equity Group, which believes that Siccar Point will be a strong platform for further acquisitions in the consolidating North Sea region.

Sinclair Broadcast Interested In Buying Weather Channel

Sinclair Broadcast Group, Inc. (NasdaqGS:SBGI) has expressed interest in buying The Weather Company, LLC's TV operations from Bain Capital Private Equity, LP and The Blackstone Group, Private Equity Group and Comcast's (CMCSA) NBCUniversal Media, LLC, people familiar with the matter told The Wall Street Journal. Talks between Sinclair and the owners of Weather Channel have "heated up again recently," the report noted. According to people familiar with the situation, a deal could be valued at around $100 million.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 5, 2016
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Private Placement
June 22, 2016
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Private Placement
February 18, 2016
Targa Resources Corp.
 

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