Key Developments: Blackstone Group LP (BX.N)

BX.N on New York Stock Exchange

32.27USD
11 Jul 2014
Price Change (% chg)

$0.01 (+0.03%)
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$32.26
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$32.27
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$32.35
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Latest Key Developments (Source: Significant Developments)

Blackstone Group announces closing of Gates Acquisition
Thursday, 3 Jul 2014 12:26pm EDT 

Blackstone Group LP:Closes acquisition of Gates Corp.Private equity funds managed by Blackstone on behalf of its investors have acquired Gates for $5.4 bln.  Full Article

Blackstone Group LP and Blackstone complete equity transaction
Tuesday, 22 Apr 2014 04:05pm EDT 

Accuvant:Announces completion of a previously announced transaction for funds controlled by Blackstone to acquire a majority stake in the company.Blackstone will make significant further investment in Accuvant, which will enable the company to expand and accelerate its plans to meet the rapidly evolving information security needs of the global market.Holland & Hart LLP and William Blair served as advisors to Accuvant during the transaction.Simpson Thacher & Bartlett LLP and Blackstone Advisory Partners L.P. served as advisors to Blackstone.Cooley LLP served as legal advisors to Sverica International LLC.  Full Article

Blackstone Group LP declares quarterly distribution
Thursday, 17 Apr 2014 07:00am EDT 

Blackstone Group LP:Declares a quarterly distribution of $0.35 per common unit.Record date April 28.Payment date May 05.  Full Article

Blackstone Group and Goldman Sachs merchant banking division to acquire Ipreo from KKR
Monday, 14 Apr 2014 08:30am EDT 

Blackstone Group and Goldman Sachs:Says funds managed by Blackstone and Goldman Sachs Merchant Banking Division to acquire Ipreo Holdings LLC from affiliates of Kohlberg Kravis Roberts & Co. L.P. (KKR).Kohlberg Kravis Roberts & Co. L.P. to retain minority ownership stake in the business.Ipreo was advised by BofA Merrill Lynch, Morgan Stanley, and Citigroup.Legal counsel was provided to Ipreo and KKR by Simpson Thacher & Bartlett.Financing for transaction is being led by Goldman Sachs & Co. and BofA Merrill Lynch, with Credit Suisse, Deutsche Bank, Morgan Stanley and RBC Capital Markets.  Full Article

Versace and Blackstone sign stake purchase deal-Reuters
Thursday, 3 Apr 2014 08:00pm EDT 

Blackstone Group LP:Italian fashion house Versace signed a deal on April 3 to sell a 20 pct stake to U.S. private equity firm Blackstone, spokespeople for the two companies said on April 4-Reuters.The brand controlled by the family of late founder Gianni Versace is selling the stake to raise funds to open new shops abroad, where it sees demand for its clothing and accessories.The 210 million euro ($288 million) deal values the fashion house at more than 14 times its core earnings for last year.Versace plans a stock market listing in three to five years' time.  Full Article

Blackstone Group LP prices senior notes offering
Wednesday, 2 Apr 2014 05:37pm EDT 

Blackstone Group LP:Prices offering of $500 mln of 5 pct senior notes due 2044 of Blackstone Holdings Finance Co. L.L.C., indirect subsidiary.Notes will be fully and unconditionally guaranteed by Blackstone Group L.P. and indirect subsidiaries, Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P.Intends to use proceeds from notes offering for general corporate purposes.  Full Article

Blackstone Group LP to offer senior notes
Wednesday, 2 Apr 2014 08:30am EDT 

Blackstone Group LP:Intention to offer senior notes.Notes will be fully and unconditionally guaranteed by Blackstone Group LP and its indirect subsidiaries.Use of proceeds for general corporate purposes.  Full Article

Accuvant to be acquired by Blackstone Group LP
Tuesday, 11 Mar 2014 10:30am EDT 

Accuvant:Reached a definitive agreement under which Blackstone Group LP will acquire a majority stake in Accuvant as part of their private equity portfolio.Accuvant management and existing shareholder Sverica International LLC, a private equity investment firm, will invest alongside Blackstone in the transaction.Financial terms of the transaction are not being disclosed.  Full Article

Blackstone Group LP's board of directors declares dividend
Thursday, 30 Jan 2014 07:00am EST 

Blackstone Group LP:Declares a quarterly distribution of $0.58 per common unit to record holders of common units at the close of business on Feb. 10.Says distribution will be paid on Feb. 18.  Full Article

Centrica Plc's Direct Energy completes sale of three texas power plants to Blackstone Group LP
Friday, 17 Jan 2014 12:42pm EST 

Centrica Plc:Says its subsidiary Direct Energy, completed the previously announced sale of three gas-fired power generation facilities in Texas to Blackstone Group LP.Says facilities, located in Bastrop, Mission, and Paris, are part of the Electric Reliability Council of Texas' (ERCOT) North and South zones and total about 1,295 megawatts (MW) of capacity.Says as part of the transaction, an affiliate of Direct Energy has entered into a three year call option arrangement for an equivalent amount of capacity with Blackstone.  Full Article

Private equity takes on Big Pharma's carve-out challenge

- Big Pharma companies are trying to offload low-growth, mature drug portfolios to firms such as Blackstone Group LP and TPG Capital LP which need to figure out how to carve them out, in one of private equity's greatest dealmaking challenges.

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