Blackstone Blog
 
16

May

2012

My colleagues and I in Blackstone’s Technology Advisory group recently hosted a series of dinners in San Francisco and New York to discuss the trends du jour with many of the thought leaders in the tech sector.  Invariably, given all of the excitement around the Facebook IPO, much of the discussion ended up focusing on this topic.  Facebook’s IPO, the third largest in U.S. history behind Visa and GM, is certainly cause for much discussion.  Here we have a company with $3.7 billion in revenues that last traded in the private markets at a valuation north of $100 billion.  That implies a trailing revenue multiple of over 27x, for those doing the math.  As such, Facebook, at eight years old, has eclipsed the valuation of such venerable U.S. brands as McDonald’s, Caterpillar, Boeing, American Express, and Amazon, and at pricing is expected to have a valuation higher than Dell, HP, and Adobe, combined. (more...)
24

Apr

2012

Yesterday TV and online ad platform DG announced the acquisition of semantic technology firm, Peer39. AdExchanger asked Ken Allen, Director, Head of Digital Media and Internet Advisory with Blackstone Advisory Partners, LP, his reaction to the deal and the opportunity with digital ad, targeting data. The article can be found here. (more...)
29

Mar

2012

Blackstone President Tony James discusses the importance of safeguarding returns for pension funds, and opportunities in the real estate and energy markets. (more...)
26

Mar

2012

Blackstone’s Rescue of the Delaware City Refinery Saved Hundreds of Jobs and has the Potential to Create Thousands More (more...)
08

Mar

2012

In early 2011, a bulge bracket bank had fully committed to finance a $435 million loan to NANA Development Corporation (NDC).  Proceeds from the transaction were expected to fund the company’s acquisition of Grand Isle Shipyard (GIS), one of the largest oilfield services businesses in the Gulf of Mexico, and to repay existing debt.  By June 2011, amid the burgeoning panic surrounding the European fiscal situation, the loan faced unclear prospects of syndication, resulting in a potentially large concentration of risk on the bank’s balance sheet. The bank contacted Blackstone’s Credit Business, GSO Capital Partners, to assist in the restructuring of the transaction, which would facilitate GSO’s funding of a substantial portion of the commitment. (more...)
05

Mar

2012

Today the Blackstone Charitable Foundation kicked off a strategic mentorship program as part of its Entrepreneurship Initiative at two Detroit area schools.  Blackstone LaunchPad students from Walsh College and Wayne State University will provide their entrepreneurial expertise and real world knowledge to middle school students participating in One Hen Academy’s program.  (more...)
01

Mar

2012

"This expansion and the jobs that it brings will be a real boost to growth and a sign of the increasing investor confidence that there is too.” (more...)
24

Feb

2012

Blackstone portfolio company, Detroit Medical Center, invests $850M in critical hospital system in Detroit. (more...)
15

Feb

2012

In an February 7th interview on Bloomberg News, Blackstone President and COO Tony James defended private equity and discussed the critical role it has in boosting the economy and safeguarding jobs. He also comments on Europe, opportunities there and Blackstone’s businesses.  (more...)
29

Nov

2011

Blackstone’s Real Estate group kicked off a mentorship program with Harlem Village Academies. Employees from Blackstone’s Real Estate group in New York visited the Harlem Village Academy Middle School on 144th Street and participated in their weekly Community Circle as well as spent one-on-one reading time with students from grades five through eight. Blackstone employees will continue to mentor students from Harlem Village Academies helping them to advance their reading skills and reach their academic goals. (more...)
 

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