Key Developments: Blackstone Group LP (BX)

BX on New York Consolidated

22 Aug 2014
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Latest Key Developments (Source: Significant Developments)

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

Blackstone Group LP La Quinta says files confidentially for IPO-Reuters
Monday, 23 Dec 2013 06:16pm EST 

Blackstone Group LP:La Quinta Holdings Inc a hotel chain backed by Blackstone Group LP, said on Monday it had confidentially filed with U.S. regulators for an initial public offering of its common stock-Reuters.The company has filed with the U.S. Securities and Exchange Commission under the controversial Jumpstart Our Business Startups (JOBS) Act, which allows firms to submit registration documents to the SEC away from public eyes.The number of shares of common stock to be sold and the price range for the proposed offering have not yet been determined, the company said.  Full Article

Centrica Plc to sell Texas gas-fired power stations to Blackstone
Wednesday, 18 Dec 2013 09:59am EST 

Centrica Plc:Says its North American subsidiary, Direct Energy, has agreed to sell its Texas gas-fired power stations to Blackstone for $685 million (420 million pounds) in cash.Says the three units, located in Paris, Bastrop, and Mission, have a combined capacity of 1,295MW.Says as part of the transaction, Direct Energy has also entered into a three year call option arrangement for an equivalent amount of capacity with Blackstone.Says the transaction is subject to customary regulatory approvals and is expected to close in the first quarter of 2014.  Full Article

Blackstone Group LP to raise as much as $2.37 bln in IPO-Reuters
Monday, 2 Dec 2013 06:27am EST 

Blackstone Group LP:Says its Hilton Worldwide Inc would raise as much as $2.37 bln from an initial public offering of its shares-Reuters.Hilton said it expected to price the offering of 112.8 million shares at between $18 and $21 per share.  Full Article

Blackstone Group LP to pursue La Quinta IPO rather than sale - Reuters
Monday, 25 Nov 2013 12:48pm EST 

Blackstone Group LP:Says according to a familiar source company is eyeing an IPO for La Quinta Inns & Suites rather than a sale of the hotel chain - Reuters.  Full Article

Danaher Corp, Blackstone Group LP Team Up To Bid For Johnson & Johnson's Diagnostics Unit-Reuters
Thursday, 7 Nov 2013 05:33pm EST 

Reuters reported that Danaher Corp has teamed up with Blackstone Group LP to bid for Johnson & Johnson's diagnostics unit, which makes blood screening equipment and laboratory blood tests and could fetch more than $4 billion. Blackstone, declined to comment. Representatives for J&J, Danaher did not immediately respond to requests for comment.  Full Article

Rizzoli Corriere Della Sera Mediagroup SpA Sells Milan Offices To Blackstone Group LP-Reuters
Tuesday, 5 Nov 2013 05:25pm EST 

Reuters reported that Rizzoli Corriere Della Sera Mediagroup SpA has agreed the sale of its headquarters in central Milan to Blackstone Group LP for EUR120 million ($161.7 million).  Full Article

Velti Plc To Sell Businesses To Blackstone Group LP-Reuters
Monday, 4 Nov 2013 08:32am EST 

Reuters reported that Velti Plc said it would sell its mobile marketing business in the United States, Britain and India to a unit of Blackstone Group LP. Financial terms were not disclosed.  Full Article

American Petroleum Tankers Partners LP, Controlled By Blackstone Group LP Files For IPO - Reuters
Tuesday, 22 Oct 2013 06:07pm EDT 

Reuters reported that American Petroleum Tankers Partners LP, controlled by Blackstone Group LP, filed with U.S. regulators to raise up to $172.5 million in an initial public offering of common units. The Company, which operates tankers that transport crude oil and refined petroleum products between U.S. ports, said in a preliminary prospectus that BofA Merrill Lynch, Barclays, and Credit Suisse were among the underwriters for the IPO. The filing did not reveal how many shares the Company planned to sell or their expected price. Blackstone bought Plymouth Meeting, Pennsylvania-based American Petroleum Tankers LLC in a $500 million deal in 2006. GSO Capital Partners LP and Cerberus Capital Management LP also own equity interest in the Company. The Company intends to list its common stock on the New York Stock Exchange under the symbol 'JAT'. Net proceeds from the offering would be used to repay debt under its existing credit facility.  Full Article

Blackstone Group LP's Solar Unit Gets $540 Million In Financing - Reuters
Thursday, 17 Oct 2013 07:23pm EDT 

Reuters reported that Blackstone Group LP's Vivint Solar Inc said it has raised $540 million to finance its fast-growing business of installing solar panels on home rooftops. The funds were provided by two undisclosed ' Major financial institutions' and come on top of the $200 million in financing Vivint announced in August.  Full Article

Blackstone, TPG near buying UK subprime mortgage lender -SkyNews

Aug 18 - Private equity firms The Blackstone Group LP and TPG Capital Management LP are close to buying subprime mortgage lender, Kensington, Britain's Sky News reported on Sunday.

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