blackstone group lp/the (BX) Key Developments
The Blackstone Group L.P. Announces Management Changes
Dec 11 13
Blackstone Mortgage Trust Inc. previously announced on September 23, 2013 that Geoffrey G. Jervis intended to resign from his position at the Real Estate Debt Strategies group of The Blackstone Group L.P. to pursue other opportunities, effective at such time as a successor chief financial officer of the Company was named by its external manager, BXMT Advisors L.L.C., an affiliate of Blackstone, under the terms of the company’s existing management agreement with the Manager. On December 10, 2013, the BXMT Advisors L.L.C. named and the Blackstone Mortgage Trust’s Board of Directors appointed Paul D. Quinlan, a Managing Director in the finance division of Blackstone, to serve as the company’s chief financial officer and assistant secretary. Mr. Quinlan, age 36, in his business development role, was a key member of the Blackstone deal team for the December 2012 strategic transaction with the company. Mr. Quinlan will also serve as the Chief Financial Officer of Blackstone’s Real Estate Debt Strategies group, which encompasses all of Blackstone’s commercial real estate debt investment vehicles, including the company. Mr. Quinlan most recently served as Blackstone’s head of Financial Planning & Business Development, with oversight of management and public reporting, and strategic mergers and acquisitions. Mr. Quinlan was also the Chief Financial Officer for Blackstone Advisory Partners L.P.
Paul Costello Resigns as Chairman of Blackstone's Australian and New Zealand Operations
Dec 11 13
Paul Costello, the former head of the Future Fund, has quit his role as regional chairman of Blackstone's Australian and New Zealand operations.
GIC In Talks To Buy ICICI Stake In WaveRock
Dec 6 13
GIC Pte. Ltd. is in advanced stages of discussions with ICICI Venture to buy out its 50% stake in WaveRock, sources familiar with the development said. Other leading global funds like The Blackstone Group L.P. (NYSE:BX) and Morgan Stanley (NYSE:MS) had also evinced interest in the property in the past, a source familiar with the development told Financial Express.
Ireland Pulls Bord Gais Sale
Nov 29 13
Ireland's energy minister, Pat Rabbitte, has confirmed to Bord Gais Eireann that none of the final bids received forBord Gáis Energy Trading Limited, even though there was "significant interest from a broad range of potential international acquirers." The Irish Times newspaper reported on November 26, 2013 that three bids, each of about €1 billion were submitted for Bord Gáis Energy Trading Limited : from private equity fund The Blackstone Group L.P. (NYSE:BX), from Viridian Group Holdings Limited and from Centrica plc (LSE:CNA) in partnership with a Canadian fund.
Qatar Reportedly May Acquire 20% Stake In Versace
Nov 28 13
Qatar Holding LLC is planning to acquire 20% stake in Gianni Versace S.p.A. for the transaction is valued at approximately about €250 million, said people familiar with the matter. Reportedly, The Blackstone Group L.P. (NYSE:BX), Permira Advisers Holdings Ltd, Fondo Strategico Italiano S.p.A., Ardian and Clessidra SGR S.p.A. are also in the race to acquire a 20% stake in Gianni Versace. The transaction is expected to complete by March 2014. Goldman Sachs Group, Inc. and BancaIMI S.p.A. are considered to be acting as financial advisors to Gianni Versace.