Press Releases

Private equity funds managed by Blackstone (“Blackstone”) and KIRKBI A/S announce the acquisition of Armacell, the leading global manufacturer of flexible foam products for equipment insulation and technical applications, from Charterhouse.

Diamonds Direct and Blackstone (NYSE: BX) announced today that funds managed by Blackstone Tactical Opportunities have acquired Diamonds Direct, a leading independent jewelry company.

Blackstone (NYSE:BX) today announced the appointment of Isauro Alfaro as Senior Advisor to the firm based in Monterrey, Mexico. Mr. Alfaro will provide the firm strategic counsel on investment opportunities in the Mexican market.

Blackstone (NYSE: BX) announced today that private equity funds it manages have agreed to sell GCA Services Group, Inc. (“GCA” or the “Company”) to a consortium of the Merchant Banking Division of Goldman Sachs (“Goldman Sachs”) and Thomas H. Lee Partners.

Blackstone (NYSE:BX) today announced that Strategic Partners Fund Solutions (“Strategic Partners”), Blackstone’s secondary and private market fund solutions business, has signed a definitive Purchase and Sale Agreement with The California Public Employees’ Retirement System (“CalPERS”) to acquire approximately $3.0 billion of global real estate fund interests.

Blackstone (NYSE:BX) announced today that Tony James, Blackstone President and Chief Operating Officer, will present at the Bank of America Merrill Lynch Banking & Financial Services Conference in New York on Wednesday, November 18th, 2015 at approximately 12:45 p.m. ET.

Blackstone, one of the world’s leading investment firms, has been awarded the Investors in People Gold standard, joining the top 7% of accredited organisations across the UK.

Blackstone (NYSE:BX) and MB Aerospace (“MBAe”) announced today that private equity funds managed by Blackstone have agreed to acquire MBAe, a leading Tier I engine component manufacturer and repair business, from Arlington Capital Partners.

The Blackstone Charitable Foundation today announced the largest expansion of its campus entrepreneurship program, Blackstone LaunchPad, to five universities across the state of New York. New York becomes the eighth Blackstone LaunchPad region, following Michigan, Ohio, Pennsylvania, Florida, Montana, California, and Ireland.

To view the full report please click the following link – Blackstone’s third quarter 2015 results. Blackstone will host a conference call on October 15, 2015 at 11:00 a.m. ET to discuss third quarter 2015 results. You can listen to the call by dialing +1 (877) 391-6747 (U.S. domestic) or +1 (617) 597-9291 (international) passcode 149 943 55#.

Today Blackstone (NYSE:BX), KKR (NYSE: KKR), The Carlyle Group (NASDAQ: CG) and TPG will jointly host the inaugural Veterans Initiative Summit to support the hiring of American veterans across private equity portfolio companies. The two-day summit will focus on how portfolio companies held by investment funds sponsored by these companies can attract, retain, and promote veterans, improve business operations and support communities.

First Lady Michelle Obama will join a roundtable discussion with the hosting firms’ CEOs, senior leaders, and veterans hiring champions and deliver remarks to approximately 150 portfolio company hiring representatives at the inaugural Veterans Initiative Summit, jointly hosted by Blackstone (NYSE:BX), KKR (NYSE: KKR), The Carlyle Group (NASDAQ: CG) and TPG. The sessions in which the First Lady will participate will begin at 1:00p.m. EST on Thursday, October 8th.

Blackstone (NYSE:BX) and PJT Partners Inc. (NYSE:PJT) today announced the successful completion of the previously announced spin-off of Blackstone’s financial and strategic advisory services, restructuring and reorganization advisory services and Park Hill Group businesses, which have been combined with PJT Capital LP, a global independent financial advisory firm founded by Paul J. Taubman, to form an independent, publicly traded company called PJT Partners Inc (“PJT Partners”). Blackstone common unitholders of record as of the close of business on September 22, 2015 (the “record date”) received one share of Class A common stock of PJT Partners for every 40 common units of Blackstone held on the record date. The spin-off has been structured to be tax-free to Blackstone’s common unitholders for U.S. Federal income tax purposes, except to the extent of any gain or loss recognized by a common unitholder as a result of any cash received in lieu of fractional shares. Common unitholders are urged to consult their tax advisors with respect to U.S. federal, state, local and non-U.S. tax consequences of the spin-off.

Blackstone (NYSE:BX) today announced the final close of its latest global real estate fund, Blackstone Real Estate Partners VIII (“BREP VIII”), at $15.8 billion. Blackstone currently manages two regional opportunistic real estate funds, the $8.2 billion Blackstone Real Estate Partners Europe IV and the $5 billion Blackstone Real Estate Partners Asia.

Blackstone (NYSE:BX) announced today that it will host a conference call for the media on Thursday, October 15th, 2015 at 9:30 a.m. ET to review third quarter 2015 results.

Blackstone (NYSE:BX) announced today that it will host its third quarter 2015 investor conference call on Thursday, October 15th, 2015 at 11:00 a.m. ET. Steve Schwarzman, Chairman, Chief Executive Officer and Co-Founder; Tony James, President and Chief Operating Officer; Michael Chae, Chief Financial Officer; Joan Solotar, Head of Multi-Asset Investing and External Relations; and Weston Tucker, Head of Investor Relations, will review Blackstone’s third quarter 2015 results. You can listen to the call by dialing +1 (877) 391-6747 (U.S. domestic) or +1 (617) 597-9291 (international) passcode number 149 943 55#.

Energy infrastructure companies Black Rhino and MOGS Oil & Gas Services (BRM), together with the Governments of Djibouti and Ethiopia today signed Framework Agreements for the construction of a 550km fuel pipeline system running through Djibouti and Ethiopia in The Horn of Africa. The $1.55bn multiproduct pipeline will transport diesel, gasoline and jet fuel from Damerjog, Djibouti to Awash in central Ethiopia. Deemed a critical infrastructure project, the project will support economic growth across the region.

21 September 2015, London. Private equity funds managed by Blackstone announce the acquisition of Ideal Shopping Direct (“ISD”), a leading independent multi-channel retailer, from Inflexion.

Mumbai, September 16, 2015. Private equity funds managed by Blackstone today entered into a definitive agreement with Serco Group Plc to buy the majority of its private sector Business Process Outsourcing (‘BPO’) operations, the main element of which is the former Intelenet business, for a consideration of £250m, approximately INR 2,558 crores. The enterprise value of this deal represents the largest acquisition by Blackstone in India.

New York, September 14, 2015. Onyx Renewable Partners L.P. (“Onyx”) announced today that it has entered into a partnership with Credit Suisse to invest over $300 million to develop, own and finance commercial and industrial sector (“C&I”) solar generation projects. Onyx expects this partnership to facilitate the development of more than 130 megawatts of new C&I solar projects within the next 15 months.