• Dec 14, 2010

    Rive Technology Raises $25 Million in Series C Financing

    December 14, 2010 – CAMBRIDGE, MA & PRINCETON, NJ – Rive Technology, an innovative catalyst technology company, announced today the closing of a $25 million round of financing from leading energy investors. The Blackstone Group (NYSE: BX) led the financing with strong support from Rive’s existing investors, Charles River Ventures, Advanced Technology Ventures and Nth Power. The funds will support commercial refinery trials of Rive’s catalyst technology a
  • Dec 13, 2010

    Michael Chae to Head Private Equity for Blackstone in Asia

    N.Y., December 13th, 2010 – The Blackstone Group (NYSE:BX) today announced that Michael Chae, a Senior Managing Director in its Private Equity Group, has been named Head of Private Equity in Asia, based in Hong Kong. Michael will also assume responsibility for the firm’s limited partner marketing personnel in Asia/Pacific and will coordinate firm-wide relationships with the firm’s most important limited partners in the region. Ben Jenkins will continue in his key role of driving private equity transactions throughout the region. Antony Leung remains as Blackstone’s Chairman for Greater China on a firm-wide basis and will join the firm’s Executive Committee.
  • Dec 07, 2010

    Young Unemployed Are in a ‘CATCH-22’

    London, 7th December 2010 – With unemployment for 18 - 24 year olds topping 16%, young people are ‘caught in a Catch 22’ situation making them twice or three times as probable to be unemployed as adults. This is mainly due to a lack of exposure to work experiences, mentors and contacts as young adults.
  • Dec 06, 2010

    Blackstone to Present at the Goldman Sachs U.S. Financial Services Conference

    New York, December 6, 2010 – The Blackstone Group L.P. (NYSE:BX), announced today that Stephen A. Schwarzman, Chairman and CEO of The Blackstone Group, is scheduled to present at the Goldman Sachs U.S Financial Services Conference on Tuesday, December 7, 2010 at 12:40 pm EST.
  • Dec 02, 2010

    PBF To Acquire Sunoco’s Toledo, Ohio Refinery

    Parsippany, NJ, December 2, 2010 – PBF Holding Company LLC and its subsidiary, Toledo Refining Company LLC (“PBF”) have entered into an agreement to acquire the 170,000 barrel per day Toledo, Ohio refinery and related assets from Sunoco, Inc. (R&M). PBF will acquire the facility for approximately $200 million in cash and will enter into a note with the seller in the amount of $200 million. In addition to the purchase price, PBF will acquire the hydrocarbon inventory at closing. In the event that the refinery exceeds certain profitability thresholds there is a participation payment of up to $125 million. The transaction is expected to close in the first quarter of 2011.
  • Dec 01, 2010

    Summit Materials Expands Platform With Strategic Acquisitions

    Summit Materials, LLC (Summit), a building materials company, today announced that it has concluded the acquisition of RK Hall Construction, Ltd, Buster Crushed Stone and associated companies (collectively “RK Hall”), based in Paris, Texas. RK Hall is an aggregates, asphalt production, paving and construction business with operations in northeast Texas, southeast Oklahoma and southwest Arkansas.
  • Nov 23, 2010

    Statement of Blackstone on the Termination of its Merger Agreement With Dynegy

    New York, November 23rd, 2010 – In anticipation of their proposal not receiving the necessary votes to be adopted, an affiliate of The Blackstone Group (NYSE:BX) and Dynegy Inc. (NYSE: DYN) expect to announce the termination of their merger agreement following today’s shareholder meeting. Blackstone issued the following statement:
  • Nov 23, 2010

    Blackstone Agrees To Manage In Excess of $2 Billion of Merrill Lynch Asia Real Estate Assets

    New York, November 23rd, 2010 – The Blackstone Group (NYSE: BX) today announced that it had closed on an agreement to manage Bank of America Merrill Lynch’s Asian real estate assets and to act as the new general partner for the Merrill Lynch Asian Real Estate Opportunity Fund. Since acquiring Merrill Lynch, Bank of America has made the decision that the Merrill Lynch real estate assets in Asia are not core to its strategy for the region. Terms of the transaction were not disclosed.
  • Nov 16, 2010

    Blackstone Completes Sale of Remaining Stake in Cineworld

    London, November 16, 2010 – The Blackstone Group (NYSE: BX) today announced that it has sold its entire shareholding of approximately 20% in Cineworld Group PLC at a price of 205p per share.
  • Nov 09, 2010

    Blackstone to Present at the Bank of America Merrill Lynch Banking and Financial Services Conference

    New York, November 9, 2010 – The Blackstone Group L.P. (NYSE:BX), announced today that Tony James, President & Chief Operating Officer of The Blackstone Group, is scheduled to present at the Bank of America Merrill Lynch Banking and Financial Services Conference on Wednesday, November 17, 2010 at 12:10 pm EST. A live audio webcast of the presentation will be available on the Investor Relations section of Blackstone’s website at http://ir.blackstone.com/. For those unable to listen to the live audio webcast, a replay will be available on Blackstone’s website shortly after the event.
  • Oct 28, 2010

    The Blackstone Group Reports Third Quarter 2010 Results

    Blackstone will host a conference call on October 28, 2010 at 11:00 a.m. ET to discuss third quarter 2010 results. The conference call can be accessed by dialing (877) 391-6737 (U.S. domestic) or +1 (617) 597-9373 (international) pass code 12859509.
  • Oct 13, 2010

    Blackstone Announces Third Quarter 2010 Earnings Conference Call for the Media

    New York, October 13, 2010 – The Blackstone Group L.P. (NYSE:BX), announced today that it will host a 9:30 a.m. (ET) conference call for the media on Thursday, October 28, 2010 on its third quarter 2010 earnings results. The conference call can be accessed by dialing +1 800-230-1951 (U.S. domestic) or +1 612-288-0337 (international).
  • Oct 13, 2010

    Blackstone Announces Third Quarter 2010 Earnings Conference Call

    New York, October 13, 2010 – The Blackstone Group L.P. (NYSE:BX), announced today that it will host its third quarter 2010 investor conference call Thursday, October 28, 2010 at 11:00 am ET. Stephen Schwarzman, Chairman and Chief Executive Officer; Tony James, President and Chief Operating Officer; Laurence Tosi, Chief Financial Officer; and Joan Solotar, Senior Managing Director – Public Markets, will review The Blackstone Group L.P.’s third quarter 2010 earnings. The conference call can be accessed by dialing (877) 391-6737 (U.S. domestic) or +1 (617) 597-9373 (international) pass code 128 595 09.
  • Oct 04, 2010

    PGI Enters Into Definitive Agreement to be Acquired by Blackstone

    Charlotte, N.C. – Polymer Group, Inc. (PGI) (OTC Bulletin Board: POLGA/POLGB) today announced it has entered into a definitive agreement to be acquired by an affiliate of Blackstone Capital Partners V L.P. This transaction is the result of the strategic review process initiated by PGI on April 7, 2010, and is expected to close prior to the end of the first quarter of 2011.
  • Sep 29, 2010

    Blackstone and Patria Announce Partnership in Brazil

    New York and Sao Paulo, September 29th, 2010 – The Blackstone Group (NYSE: BX) and Pátria, Brazil’s leading alternative asset manager, today announced a partnership in which Blackstone would purchase a 40% stake in Pátria and the two firms would agree to cooperate in building their businesses in Brazil and throughout South America.
  • Sep 21, 2010

    Remarks of Steve Schwarzman at the Appeal of Conscience Dinner

    Good evening. It’s a pleasure to be here this evening. Before I give my formal remarks, I’d like to say how pleased I am to be on the dais tonight with many of my good friends.
  • Sep 21, 2010

    Summit Materials Completes Acquisitions of Altaview Concrete and Con-Agg of MO and Announces Western Region Management Hires

    September 21, 2010 – Summit Materials, LLC (Summit), a building materials company, today announced that it has concluded the acquisitions of Altaview Concrete, Inc., an aggregates and ready-mix concrete company based in Salt Lake City, Utah and Con-Agg of MO, LLC (Con-Agg), an aggregates and ready-mix concrete company based in Columbia, Missouri.
  • Sep 13, 2010

    Blackstone Announces First Investor Day

    New York, September 13, 2010 – The Blackstone Group L.P. (NYSE:BX), announced today that it will host its first investor day on Thursday, September 23, 2010. The day will begin at 8:00 am ET and conclude by 4:30pm. The investor day can be accessed by dialing (866) 802-4322 (U.S. domestic) or +1 (703) 639-1319 (international) conference ID 1477461.
  • Sep 13, 2010

    Blackstone to Offer Senior Notes

    New York, August 12th, 2009 – The Blackstone Group L.P. (NYSE: BX) today announced its intention to offer, subject to market and other conditions, senior notes of Blackstone Holdings Finance Co. L.L.C., its indirect subsidiary. The notes will be fully and unconditionally guaranteed by The Blackstone Group L.P. and its indirect subsidiaries, Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Blackstone intends to use the proceeds from the notes offering for general corporate purposes.
  • Sep 08, 2010

    Blackstone Scores High On CNN Money’s List of Top Employers

    Every year Fortune/CNN Money uses an independent consultant to survey over 5,700 MBA students at the top 50 business schools in the United States, asking them to choose the top five companies they would most like to work for. This year Blackstone was ranked 13th out of the 100 companies around the world where MBA students want to work. Blackstone is the only independent alternative asset manager to make the list and there are only two other financial firms (many times our size) ranked above us. For Article click here.