• Dec 18, 2012

    Clearlake Capital Group Acquires SWI

    Santa Monica, CA and Hollywood, FL – December 18, 2012 – Clearlake Capital Group, L.P. (“Clearlake”) and Swiss Watch International, Inc. (“The SWI Group”, “SWI”, or the “Company”) today announced that Clearlake has acquired SWI, a leading online retailer of watches, accessories, and apparel. Terms of the transaction were not disclosed.
  • Dec 13, 2012

    Michael Mullen to be Senior Advisor to and Join Board of Blackstone Real Estate Portfolio Company IndCor Properties

    New York and Chicago: December 13, 2012 – Blackstone (NYSE: BX) and IndCor Properties, Inc. (“IndCor” ) today announced that Mike Mullen will be joining IndCor’s board of directors, effective January 1, 2013. He will also serve as a Senior Advisor to IndCor, with a focus on growing the company’s 83 million square foot national industrial platform. Mr. Mullen was most recently CEO and then Vice Chairman of CenterPoint Properties, a company with a major presence in the development, acquisition and management of industrial properties and transportation infrastructure.
  • Dec 05, 2012

    KP Snacks to Become Part of European Intersnack Group

    Intersnack Group ("Intersnack") and United Biscuits ("UB" - owned by Blackstone and PAI Partners), jointly, today announced that both parties have signed an agreement for Intersnack to acquire KP Snacks, UB’s snacks unit, from UB for an undisclosed sum. Intersnack and KP Snacks together will combine their unrivalled market expertise to further develop KP Snacks’ brands and explore new markets. The transaction is expected to close during the first quarter of 2013.
  • Dec 03, 2012

    Blackstone Charitable Foundation Expands Campus Entrepreneurship Platform Bringing “Blackstone LaunchPad” to Pennsylvania

    Philadelphia, December 3, 2012 – The Blackstone Charitable Foundation announced today that it is bringing Blackstone LaunchPad to Pennsylvania to train Philadelphia’s next generation of entrepreneurs. The Blackstone Charitable Foundation’s $3 million grant establishes a partnership between the University City Science Center, Temple University and Philadelphia University to introduce entrepreneurship as a viable career option and provide university students and alumni with the skills, knowledge, and guidance to transform new ideas into viable companies. The Pennsylvania Blackstone LaunchPad programs are expected to generate some 100 ventures and hundreds of jobs over the next five years.
  • Nov 28, 2012

    Blackstone to Present at the Goldman Sachs Financial Services Conference

    New York, November 28, 2012– Blackstone (NYSE:BX) announced today that Tony James, President and COO of Blackstone, is scheduled to present at the Goldman Sachs Financial Services Conference on Wednesday, December 5, 2012 at 8:10 am EST.
  • Nov 19, 2012

    Blackstone Announces Closing of Vivint Transaction

    NEW YORK, NY—(November 19, 2012) — Blackstone (BX) announced today that it has closed the previously announced acquisition of Vivint. Blackstone Capital Partners VI, L.P., a fund managed by Blackstone on behalf of its private equity investors, acquired Vivint for in excess of $2 billion.
  • Nov 14, 2012

    Blackstone Announces Solar Program for Portfolio Companies

    New York, NY, November 14, 2012: Blackstone (NYSE: BX) announced today a solar program that has the potential to cut energy costs by approximately 10% and improve environmental performance across the portfolio of companies and real estate assets it manages on behalf of its investors. This collaborative initiative by Blackstone’s Private Equity, Real Estate, and Advisory businesses is part of an ongoing effort to focus on sustainability across the firm for companies it manages and advises.
  • Nov 13, 2012

    LLOG Exploration and Blackstone Energy Partners Announce the Formation of a Multi-Billion Dollar Offshore Gulf of Mexico Strategic Partnership

    Covington, LA and New York: November 13, 2012 – LLOG Exploration Company L.L.C. (“LLOG” or the “Company”) and Blackstone (NYSE: BX) today announced the formation of a long-term, strategic partnership and have committed to invest over $1.2 billion to expand and accelerate LLOG’s offshore operations in the Gulf of Mexico. The partnership will leverage the combined operational and financial resources of LLOG and private equity funds managed by Blackstone (collectively with their affiliates “Blackstone”) to expedite development of LLOG’s four recent deepwater discoveries as well as the exploration and appraisal of its extensive prospect inventory, which includes over 110 offshore leases. In addition, the partnership will expand LLOG’s asset base in the Gulf of Mexico through federal lease sale participation, farm-ins and M&A activities, further building upon its position as one of the largest private companies in the basin. This strategic partnership is the largest private equity financing executed in the Gulf of Mexico to date.
  • Nov 02, 2012

    Blackstone Completes Its Acquisition of GCA Services Group

    Cleveland, Oh., November 2, 2012 – GCA Services Group, Inc. and Blackstone (NYSE: BX) yesterday announced that they have closed the previously announced transaction whereby a fund managed by Blackstone on behalf of its private equity investors, Blackstone Capital Partners V, L.P. (collectively with its affiliates, “Blackstone”), purchased GCA Services Group, a leading facility services company in the U.S., from Nautic Partners, L.L.C. and other minority shareholders.
  • Nov 01, 2012

    Blackstone to Present at the Bank of America Merrill Lynch Banking and Financial Services Conference

    New York, November 1, 2012: Blackstone (NYSE:BX), announced today that Bennett Goodman, Senior Managing Director of Blackstone and Co-founder of GSO Capital Partners, is scheduled to present at the Bank of America Merrill Lynch Banking and Financial Services Conference on Tuesday, November 13, 2012 at 2:35 pm ET.
  • Oct 25, 2012

    Bear Tracker Energy to Provide Crude Oil Gathering in North Dakota

    DENVER, October 25, 2012 (BUSINESS WIRE) -- Bear Tracker Energy, LLC (BTE), a midstream energy company, announced today the signing of a definitive agreement with SM Energy Company (NYSE:SM), an independent oil and gas exploration and production company. BTE will construct, own, and operate a crude oil gathering system in Divide and Williams Counties, North Dakota. Under terms of the agreement, crude oil from SM Energy's operated wells in Divide County will be dedicated to BTE's gathering facilities. BTE will gather and deliver SM Energy’s crude oil to Rangeland Energy's existing COLT Hub Terminal near Epping, ND, providing SM Energy with access to multiple downstream crude oil markets via pipeline and unit train take-away capacity. Construction of the gathering system will commence in the first quarter of 2013 with an estimated in-service date of July 1, 2013.
  • Oct 22, 2012

    American Petroleum Tankers Affiliate Commits to Build Two New Product Tankers

    Plymouth Meeting, PA, October 22, 2012 - An affiliate of American Petroleum Tankers Parent LLC (“APT”), a company majority owned by funds managed by Blackstone on behalf of its investors, announced its commitment to build two new state-of-the-art tanker vessels at the National Steel and Shipbuilding Company (NASSCO) shipyard in San Diego. This commitment is contingent upon approval of a $340 million Title XI loan guarantee from the U.S. Department of Transportation's Maritime Administration (“MarAd”) that would be used to refinance APT’s existing five tankers. Should construction of the vessels proceed, they will be the first new product tankers to be ordered in the U.S. in two years.
  • Oct 18, 2012

    Blackstone Reports Third-Quarter 2012 Results

    To view the full report please click the following link - Blackstone's third-quarter 2012 earnings release. Blackstone will host a conference call on October 18, 2012 at 11:00 a.m. ET to discuss third-quarter 2012 results. The conference call can be accessed by dialing +1 (877) 391-6747 (U.S. domestic) or +1 (617) 597-9291 (International) pass code 149 943 55#.
  • Oct 10, 2012

    Blackstone Real Estate Fund Raises $13.3 Billion

    New York, New York, October 10, 2012: Blackstone (NYSE:BX) today announced that it has closed its latest global real estate fund, Blackstone Real Estate Partners VII (BREP VII). The fund raised $13.3 billion over the past 13 months from more than 250 investors globally. The largest category of investor in the fund is U.S. public pension plans, funding the retirements of state and local employees. Approximately 35% of the fund’s capital has already been committed or invested in a wide variety of asset classes and geographies.
  • Oct 08, 2012

    Ugandan President Museveni and Aga Khan Inaugurate Bujagali Hydropower Plant

    Jinja, Uganda 8th October 2012 – Uganda’s President, Yoweri Kaguta Museveni, today inaugurated the 250MW Bujagali Hydropower Plant in the presence of the Aga Khan and project partners Sithe Global, a company majority owned by a fund managed by Blackstone on behalf of its investors. The ceremony, which took place on the eve of celebrations marking 50 years of Uganda’s independence, was attended by government officials, heads of State from across Africa, international dignitaries and members of the diplomatic community.
  • Oct 04, 2012

    SL Green Announces Recapitalization of Large West Coast Office Portfolio

    New York, NY, October 4, 2012 -- SL Green Realty Corp (NYSE: SLG), together with an affiliate of Blackstone Real Estate Partners VII, Gramercy Capital Corp. (NYSE: GKK) and Square Mile Capital Management LLC, today announced the formation of a joint venture for the recapitalization of a 31-property, 4.5-million-square-foot office portfolio in Southern California. Following the recapitalization, Blackstone is now the majority owner of the venture.
  • Oct 01, 2012

    Blackstone Announces Quarterly Media Call

    New York, October 1, 2012: Blackstone (NYSE:BX) announced today that it will host a 9:30 am (ET) conference call for the media on Thursday, October 18, 2012 on its third-quarter 2012 results.
  • Oct 01, 2012

    Blackstone Announces Quarterly Investor Call

    New York, October 1, 2012 – Blackstone (NYSE:BX) announced today that it will host its third-quarter 2012 investor conference call Thursday, October 18, 2012 at 11:00 am ET. Stephen Schwarzman, Chairman and Chief Executive Officer; Tony James, President and Chief Operating Officer; Laurence Tosi, Chief Financial Officer; and Joan Solotar, Senior Managing Director – External Relations and Strategy, will review Blackstone’s third-quarter 2012 earnings. The conference call can be accessed by dialing +1 (877) 391-6747 (U.S. domestic) or +1 (617) 597-9291 (International) pass code 149 943 55#.
  • Sep 26, 2012

    Blackstone Introduces the Blackstone / GSO Strategic Credit Fund

    New York, September 26, 2012 – GSO / Blackstone, part of the credit platform of Blackstone (NYSE: BX), one of the world’s leading investment and advisory firms, today announced the successful pricing of the initial public offering of Blackstone / GSO Strategic Credit Fund (the “Fund”). The Fund’s primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. The Fund began trading on the New York Stock Exchange (NYSE) today under the symbol “BGB”.
  • Sep 19, 2012

    Vivint Enters Agreement to be Acquired by Blackstone for in excess of $2.0 Billion

    PROVO, UTAH (September 19, 2012)— Vivint and Blackstone (NYSE: BX) today announced a definitive agreement under which a fund managed by Blackstone on behalf of its private equity investors, Blackstone Capital Partner VI, L.P. (collectively with its affiliates, “Blackstone”), will acquire Vivint from its existing shareholders, including Goldman Sachs, Peterson Partners, Jupiter Partners and other minority shareholders for in excess of $2.0 billion. Vivint is the largest home automation services company in North America and second largest residential security services provider.