• Dec 26, 2006

    Private Equity Council is formed to provide Research and Information

    WASHINGTON, D.C., December 26, 2006 — Leading private equity firms today announced the formation of the Private Equity Council (PEC), a Washington, D.C.-based association whose purpose will be to conduct research and provide information about the industry to policy makers and others interested in understanding what private equity is, how it operates and the increasingly important role this alternative asset class plays in the U.S. and global economy.
  • Dec 18, 2006

    Biomet, Inc. to be Acquired by Private Equity Consortium for $10.9 Billion or $44 per Share in Cash

    Biomet, Inc. a worldwide leader in the design and manufacture of musculoskeletal medical products, announced today that it has entered into a definitive merger agreement to be acquired by a private equity consortium in a transaction with a total equity value of approximately $10.9 billion. The consortium includes affiliates of the Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts & Co. and TPG.
  • Dec 15, 2006

    Blackstone and PAI Complete Purchase of UB

    15 December 2006 – United Biscuits (‘UB’), a leading European manufacturer of biscuits and snacks, today announced that following receipt of clearance from both the European Commission as well as the UK Pension regulator, Blackstone and PAI have completed the purchase of UB.
  • Dec 15, 2006

    The Blackstone Group Acquires Tragus Limited

    London, December 15, 2006: The Blackstone Group is pleased to announce that it has acquired Tragus Limited (“Tragus”) from Legal and General Ventures (“LGV”) for approximately £267 million. Blackstone is backing the existing Tragus management team, led by CEO Graham Turner, who will be significant investors in the company alongside Blackstone.
  • Dec 07, 2006

    Travelport Ltd. and Worldspan, L.P. to Merge to Create Leading Travel Solutions Company

    NEW YORK AND ATLANTA – December 7, 2006 – Travelport Ltd. and Worldspan, L.P. announced today a definitive agreement to merge Worldspan into a subsidiary of Travelport to create a leading global travel solution provider.
  • Dec 04, 2006

    Graham Packaging Names Warren D. Knowlton as Chief Executive Officer Philip R. Yates to Remain Chairman

    YORK, Pennsylvania, USA— Graham Packaging Holdings Company, the parent company of Graham Packaging Company, L.P., today announced that Warren D. Knowlton has been named chief executive officer of Graham Packaging, effective immediately. Knowlton will also join Graham Packaging’s board of directors.
  • Dec 01, 2006

    Consortium of Private Equity Firms Completes Acquisition of Freescale Semiconductor

    AUSTIN, Texas--(BUSINESS WIRE)--Dec. 1, 2006--Freescale Semiconductor announced today the completion of the merger of the company with an entity controlled by a consortium of private equity funds led by The Blackstone Group and including The Carlyle Group, funds advised by Permira Advisers LLC and Texas Pacific Group.
  • Nov 29, 2006

    HM Rivergroup PLC Announces the Acquisitions of Houghton Mifflin and Riverdeep

    DUBLIN, Ireland, SAN FRANCISCO & BOSTON – HM Rivergroup PLC, a newly-formed Irish public limited company, announced today that it has signed a definitive agreement to acquire Houghton Mifflin Holding Company, Inc., a leading U.S. educational publisher owned by affiliates of private investment firms Thomas H. Lee Partners, Bain Capital Partners and The Blackstone Group, and management. The purchase price of approximately $3.4 billion consists of approximately $1.75 billion in cash plus the assumption of approximately $1.61 billion in net debt. In addition, as part of the transaction, certain Houghton Mifflin management and employees will roll over $40 million of their equity into equity of HM Rivergroup.
  • Nov 19, 2006

    Equity Office Agrees to be Acquired by The Blackstone Group

    CHICAGO (November 19, 2006) – Equity Office Properties Trust (NYSE: EOP) today announced that it has signed a definitive merger agreement to be acquired by Blackstone Real Estate Partners, an affiliate of The Blackstone Group, in a transaction valued at approximately $36 billion.
  • Nov 13, 2006

    Merlin Entertainments Group Acquires Gardaland In Italy

    London/ New York – 13 November 2006. Europe’s premier visitor attraction business, Merlin Entertainments, today announced the acquisition of Italy’s top theme park, Gardaland, including the 247 room Gardaland Resort Hotel for an undisclosed sum.
  • Nov 13, 2006

    Freescale Semiconductor Stockholders Approve Proposed Merger Agreement

    AUSTIN, Texas – Nov. 13, 2006 – Stockholders of Freescale Semiconductor, Inc. (NYSE:FSL;FSL.B) today approved the previously announced acquisition of Freescale by a consortium of private equity firms led by The Blackstone Group and including The Carlyle Group, Permira Funds and Texas Pacific Group.
  • Nov 06, 2006

    McKesson to Acquire Per-Se Technologies for $1.8 Billion

    SAN FRANCISCO & ATLANTA--(BUSINESS WIRE)--Nov. 6, 2006--McKesson Corporation (NYSE:MCK) and Per-Se Technologies, Inc. (NASDAQ:PSTI) announced today that the two companies have signed a definitive agreement under which McKesson will acquire Per-Se. Per-Se is a leading provider of financial and administrative healthcare solutions for hospitals, physicians and retail pharmacies. Under the terms of the agreement, McKesson will acquire all of the outstanding shares of Per-Se for $28.00 per share in cash. In total, including Per-Se's outstanding debt, the transaction is valued at approximately $1.8 billion. By the third year, McKesson expects to realize pre-tax synergies of at least $50 million to $75 million.
  • Oct 31, 2006

    Michaels Stores Announces Completion of Merger Agreement with Bain Capital and Blackstone Affiliates

    Irving, TX, October 31, 2006 – Michaels Stores, Inc. (NYSE: MIK) today announced the completion of the merger of Michaels Stores with affiliates of two leading global private investment firms, Bain Capital Partners LLC and The Blackstone Group. On June 30, 2006, affiliates of Bain Capital and Blackstone entered into a merger transaction with Michaels Stores for a purchase price of more than $6 billion. Under the terms of the merger agreement, Michaels Stores stockholders are entitled to receive $44 per share in cash, without interest.
  • Oct 25, 2006

    Blackstone and PAI Partners Acquire United Biscuits

    October 2006 – The Blackstone Group and PAI partners are pleased to announce that they have entered into a definitive agreement to acquire United Biscuits for a purchase price in excess of £1.6 billion. The transaction will be financed through a combination of equity contributed equally by Blackstone and PAI funds and debt financing. It is expected that members of United Biscuit’s management team will participate in the ownership of the ongoing entity.
  • Oct 12, 2006

    Emeritus Announces Joint Venture Agreement to Acquire Communities

    SEATTLE, WA, October 12, 2006 – Emeritus Corporation (AMEX: ESC), a national provider of assisted living and related services to senior citizens, announced today that it has agreed to enter into a Joint Venture Agreement with Blackstone Real Estate Partners to acquire a portfolio of twenty-five assisted living and Alzheimer’s/dementia care communities, along with one skilled nursing facility, for a purchase price of $190.0 million, plus transaction costs. The portfolio consists of 1,990 units.
  • Oct 10, 2006

    Blackstone Hires Senior Advisor

    New York, October 10, 2006: The Blackstone Group today announced that John Cavoores has joined the firm’s private equity group as a Senior Advisor. Mr. Cavoores has over 27 years of experience in the insurance industry. His knowledge of managing and growing successful insurance companies will be extremely beneficial to the firm’s private equity team and an important addition to Blackstone.
  • Oct 06, 2006

    Trizec Properties Completes Acquisition by Brookfield Properties and Blackstone

    CHICAGO and TORONTO (Oct. 5, 2006) - Trizec Properties, Inc. (NYSE: TRZ) and Trizec Canada Inc. (TSX: TZC) today announced that they have completed the acquisition of both companies by Brookfield Properties Corporation in a transaction valued at approximately US $9 billion. Brookfield is joined in the acquisition by The Blackstone Group.
  • Oct 05, 2006

    Brookfield Properties and Blackstone Complete Trizec Acquisition

    New York, October 5, 2006 – Brookfield Properties Corporation (BPO: NYSE, TSX) and its joint venture partner The Blackstone Group today announced that they have completed the acquisition of Trizec Properties, Inc. Under the terms of the merger agreement, holders of shares of Trizec Properties common stock (other than Trizec Canada) will receive a total of $29.0209 in cash per share.
  • Sep 25, 2006

    Blackstone Announces New Concept in Student Living Accommodation

    Monday 25th September, London: The Blackstone Group announces the development of a brand new first class student living concept. With an investment of over £95 million, The Blackstone Group is unveiling the Group’s first major student housing development, Nido London’ located on Pentonville Road in King’s Cross as part of the King’s Cross redevelopment programme and next to the Eurostar Terminal, London’s new gateway to Europe, due for opening in Spring 2007.
  • Sep 21, 2006

    Blackstone Strengthens Portfolio Management Team

    New York, September 21, 2006: The Blackstone Group today announced that David McVeigh has joined the firm’s private equity group as Executive Director. He will bring additional expertise to the firm’s growing portfolio management team in monitoring and advising on strategy and operational performance of Blackstone’s increasingly high-profile and international group of portfolio companies.