May 21, 2013 6:48 PM ET

Capital Markets

Company Overview of The Blackstone Group, Private Equity Group

Company Overview

The Blackstone Group, Private Equity Group is a private equity and venture capital firm specializing in middle market, leveraged buyouts, distressed investments, structured equity, rescue financings, turnarounds, minority investments, large private transactions, large public-to-privates corporate partnerships, platform buildups, industry consolidations, start-ups in established industries, small and medium size buyouts, recapitalizations, PIPES, mature, late venture, and growth capital investments. The firm also prefers to invest in out-of-favor, under-appreciated industries. It seeks to invest in a broad range of industries including commodity chemicals, Internet, telecommunications, commun...

Detailed Description

345 Park Avenue

31st Floor

New York, NY 10154

United States

Founded in 1987

Phone:

212-583-5000

Fax:

212-583-5749

www.blackstone.com/our-businesses/aam/private-equity

Key Executives for The Blackstone Group, Private Equity Group

Chief Executive Officer of Equity Healthcare
Age: 61
Co-Founder and Chief Executive Officer
Age: 65
Senior Managing Director and Chairman
Age: 56
Senior Managing Director
Age: 45
Senior Managing Director and Global Head of Energy and Natural Resources; Chief Executive Officer at Blackstone Energy Partners L.P.
Age: 44
Compensation as of Fiscal Year 2012.

The Blackstone Group, Private Equity Group Key Developments

Suitors Reportedly Prepare Second Bids For ista

Wendel, AXA Private Equity, BC Partners and Ontario Teachers’ Pension Plan are looking at acquiring ista International GmbH from Charterhouse Capital Partners LLP and CVC Capital Partners Limited in a transaction is valued about €3 billion, Reuters reported citing sources. The companies are preparing to submit second round bids for ista later in April, the report stated. The sale process is being handled by Deutsche Bank and Goldman Sachs. Last month, first round bids were submitted and the bids had a price tag of €3 billion ($3.85 billion). Bain Capital, LLC, The Blackstone Group, Private Equity Group, Canada Pension Plan Investment Board and Cinven Limited are not through to the second round. Apax had initially expressed interest but had not submitted a first round bid, bankers said. The successful buyer will be required to write an equity cheque of around €1.1 billion - €1.2 billion and the rest will be funded with debt. Bankers are working out debt packages of around €2 billion or seven times Ista’s earnings before interest, taxes, depreciation and amortization (EBITDA), bankers said. Deutsche and Goldman Sachs have also put together a ‘staple’ financing package that the potential buyers can use to for the acquisition in order to speed the deal and give buyers confidence that debt can be raised.

Blackstone Reportedly In Advanced Talks To Buy Vrindavan Tech Village

The Blackstone Group, Private Equity Group is in advanced discussions to acquire Vrindavan Tech Village for INR 8 billion – INR 9 billion, people with direct knowledge of the matter, said. Blackstone is completing due diligence on Vrindavan. The acquisition will cost Blackstone around INR 22 billion after factoring in INR 12 billion debt and possible payouts to the Karnataka government to settle the lease-cum-sale model. Vrindavan Tech Village is promoted by industrialist Mithilesh Kumar Tripathi, Chairman of Vikas Telecom Ltd. and is being developed by Assetz Property Services Pvt Ltd. Blackstone and Assetz refused to comment to Times of India, while Vikas Telecom could not be reached for comment. RMZ Corp. Holdings Private Limited was also in talks to acquire Vrindavan but failed to agree on a deal with the promoters of Vrindavan due to "technical glitches". Blackstone will bring Embassy Property Developments Limited if it goes ahead with the deal.

Blackstone, Carlyle And Silver Lake Reportedly Bid For Allscripts Healthcare

The Blackstone Group, Private Equity Group, The Carlyle Group LP and Silver Lake Partners have made first-round bids to acquire Allscripts Healthcare Solutions, Inc., people familiar with the discussions said. Peter Rose, a spokesman for Blackstone, Chris Ullman, a Carlyle spokesman, Gemma Hart. a Silver Lake spokeswoman and Ariana Nikitas, an Allscripts spokeswoman, refused to comment to Bloomberg.

Similar Private Companies By Industry

Company Name Region
Banner Federal Credit Union United States
Torch Inc United States
Midwest Carpenters & Millwrights Federal Credit Union United States
Kern Schools Federal Credit Union United States
SELCO Community Credit Union United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 28, 2012
Knight Capital Group, Inc.
Merger/Acquisition
November 23, 2012
Alliant Insurance Services, Inc.
Merger/Acquisition
November 16, 2012
NS HomeShopping. Co. Ltd.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact The Blackstone Group, Private Equity Group, please visit www.blackstone.com/our-businesses/aam/private-equity. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.