Overview of the Blackstone Group
Posted by Admin on 30 Jun 2009 | Tagged as: Business News, Economy + Finance, The Commerce Compass
The Blackstone Group is a monetary assistance and asset managing firm that offers profitable investment, real estate and private equity plans, fund-replacement consultancy assistance, restructuring, and mergers and acquisitions (or M&A).
For the past ten years, the private equity business of the company has been a top shareholder in dealings involving leveraged buyouts. Its real estate commerce has also been actively serving as commercial real estate aquiror.
Ever since its establishment, the Blackstone Group has accomplished deals with well-regarded corporations like Allied Waste, United Biscuits, Equity Office Properties, Nielsen Company, AlliedBarton, Biomet, Michaels Stores, Freescale Semiconductor, Travelport, and Hilton Hotels Corporation.
Over the last twenty years, Blackstone has become one of the best internationally known private equity businesses. In 2007, it achieved an initial public offering (IPO) that amounted to $4 billion. The IPO turned Blackstone into one of the primary private equity firms on a public exchange.
Initiated in 1985 by Stephen A. Schwarzman and Peter G. Peterson, it first functioned as a mergers and acquisitions business. Both founders were former employees of Lehman Brothers, Kuhn, Loeb Inc.
The firm’s main office is at 345 Park Avenue, New York City, with several more branches in the United States, Asia as well as in Europe.
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