• Jun 05, 2006

    Brookfield Properties and Blackstone to Acquire Trizec

    NEW YORK, June 5, 2006 – Brookfield Properties Corporation (BPO: NYSE, TSX) today announced that it has signed a definitive agreement to acquire all of the shares of Trizec Properties, Inc. (NYSE: TRZ), a publicly-traded U.S. office REIT, and Trizec Canada Inc. (TSX: TZC), a Canadian company that holds, among other assets, an approximate 38% stake in Trizec Properties, which have a combined equity value of approximately $4.8 billion.
  • Jun 02, 2006

    Strategic Hotels & Resorts Closes Acquisition of the Westin St. Francis San Francisco Hotel

    Chicago, IL – June 2, 2006 – Strategic Hotels & Resorts, Inc. (NYSE: BEE) today announced that the company closed on its acquisition of the Westin St. Francis San Francisco hotel from an affiliate of Blackstone Real Estate Partners for a purchase price of $440.0 million.
  • Jun 01, 2006

    Hospitality Europe B.V. Announces Completion of Sale to Blackstone

    Hospitality Europe B.V. (“HEBV”), the pan-European hotel owning and asset management company, is pleased to announce the completion of its sale to BRE/Hospitality Europe Holding B.V., an entity owned by funds managed by The Blackstone Group.
  • May 25, 2006

    Enron Announces Proposed Sale of Prisma Energy International Inc.

    Houston, TX – Enron Corp. announced today that Ashmore Energy International Limited (“Ashmore Energy”), which is majority-owned by funds managed by Ashmore Investment Management Ltd. (“Ashmore”), has agreed to acquire Prisma Energy International Inc. (“Prisma Energy”), a wholly-owned subsidiary of Enron in a two-stage transaction (the “Transaction”). The realizable value to Enron from Prisma Energy during 2006 is expected to be approximately $2.9 billion, which includes approximately $800 million in cash dividends received earlier in 2006 by Enron from Prisma Energy.
  • May 21, 2006

    VNU Offer Goes Unconditional

    Haarlem, the Netherlands, 21 May 2006 – VNU N.V. (ASE: VNU, "VNU"), a leading global information and media company, and Valcon Acquisition B.V. ("Valcon") today jointly announce that Valcon declares its public offer for VNU unconditional after 78.70% of VNU’s share capital was tendered or committed during the acceptance period that ended Friday, 19 May 2006.
  • May 18, 2006

    John Studzinski Joins Blackstone

    New York, May 18, 2006: The Blackstone Group today announced that John Studzinski will be joining the firm later this year as a Senior Managing Director and member of the firm’s Executive Committee. His primary role will be to oversee and develop Blackstone’s advisory business in the United States and Europe.
  • May 15, 2006

    Blackstone Mezzanine Fund II Closes On $1.06 Billion

    New York: May 15, 2006: The Blackstone Group today announced the closing of its Mezzanine Partners II LP investment vehicle with available capital of $1.06 billion, bringing the total mezzanine funds under management to $1.6 billion. Blackstone’s first mezzanine fund, Mezzanine Partners LP closed in 1999 at $1.1 billion and has now completed its investment period.
  • Apr 27, 2006

    MeriStar Stockholders Approve Merger with Affiliate of The Blackstone Group

    BETHESDA, Md., April 27, 2006 — MeriStar Hospitality Corporation (NYSE: MHX) announced that, at a special meeting of stockholders held today, its stockholders voted to approve the merger of MeriStar with and into Alcor Acquisition LLC, an affiliate of The Blackstone Group, and the other transactions contemplated by the Agreement and Plan of Merger, dated as of February 20, 2006, by and among MeriStar, MeriStar Hospitality Operating Partnership, L.P., Alcor Holdings LLC, Alcor Acquisition Inc., Alcor Acquisition LLC and Alcor Acquisition L.P. Approximately 98.8 percent of the shares of MeriStar common stock present and voting at the special meeting approved the merger, representing approximately 81.4 percent of the total number of shares of MeriStar common stock outstanding and entitled to vote.
  • Apr 26, 2006

    EQT to Acquire Kabel Baden-Württemberg

    EQT has signed an agreement with funds advised by Blackstone and CDPQ to acquire 100 % of German Kabel Baden-Württemberg GmbH & Co (“Kabel BW”), Germany’s first large triple-play provider, offering television, broadband Internet and telephony services. EQT intends to continue supporting Kabel BW’s expansion and move into triple play.
  • Apr 12, 2006

    Ray Pullaro Joins Blackstone Alternative Asset Management as a Managing Director

    New York; April 12, 2006 – Blackstone Alternative Asset Management, a fund of hedge funds with approximately $12 billion dollars under management, today announced that Ray Pullaro, Senior Investment Officer of UBS Fund of Funds, will join BAAM as Managing Director on June 1, 2006. He will be reporting to Bruce Amlicke, Chief Investment Officer.
  • Apr 07, 2006

    Cendant Hotel Group Completes Baymont Inn & Suites Acquisition

    PARSIPPANY, N.J. (April 7, 2006) – Cendant Hotel Group today said it has completed the previously announced acquisition of the Baymont Inn & Suites® brand and system of 115 franchised properties.
  • Apr 06, 2006

    Strategic Hotels & Resorts Announces Acquisition of the Westin St. Francis San Francisco Hotel

    Chicago, IL – April 6, 2006 – Strategic Hotels & Resorts, Inc. (NYSE: BEE) today announced the company has signed an agreement to acquire the Westin St. Francis San Francisco hotel from an affiliate of Blackstone Real Estate Partners for a purchase price of $440.0 million. The acquisition, which is expected to close during the second quarter 2006, remains subject to customary closing conditions.
  • Apr 06, 2006

    Blackstone to Enter Long/Short Equity Investment Business

    New York; April 6, 2006: The Blackstone Group today announced that Manish Mittal has joined Blackstone as a Senior Managing Director and Chief Investment Officer to lead a new long/short equity investment strategy.
  • Apr 05, 2006

    UICI and Blackstone Complete Merger

    NORTH RICHLAND HILLS, Texas, April 5, 2006 -- UICI (NYSE: UCI), a leader in the health insurance market for individuals, the self-employed and small businesses, today announced that it completed its previously announced merger providing for the acquisition of the Company by affiliates of a group of private equity investors, including The Blackstone Group, Goldman Sachs Capital Partners and DLJ Merchant Banking Partners. As a result of the merger, holders of record on April 5, 2006 of UICI common shares (other than shares held by certain members of management and shares held through UICI’s agent stock accumulation plans) are entitled to receive $37.00 in cash per share.
  • Apr 04, 2006

    Goreway Station, Ontario’s First New Major Power Station To Be Built In More Than 25 Years Focused On Strengthening The GTA’S Critical Electricity Supply, Begins Construction

    April 4, 2006, BRAMPTON, ONTARIO – Today, Sithe Global Power, LLC held a groundbreaking ceremony to kick off construction of its 875 MW natural gas-fuelled power station to be located on 20 hectare site on the west side of Goreway Drive (between Highway 407 and Regional Road 107) in Brampton, Ontario.
  • Mar 29, 2006

    MeriStar Hospitality Operating Partnership, L.P. Commences Cash Tender Offers and Related Consent Solicitations for Outstanding Debt Securities

    BETHESDA, Md., March 29, 2006 # MeriStar Hospitality Corporation (NYSE: MHX) announced today that its subsidiary MeriStar Hospitality Operating Partnership, L.P. (the “Operating Partnership”) had commenced cash tender offers for any and all of the Operating Partnership’s outstanding 9% Senior Notes due 2008 (CUSIP No. 58984YAD5) and 9#% Senior Notes due 2011 (CUSIP No. 58984SAA4) (collectively, the “Notes”), as well as related consent solicitations to amend such Notes and the indentures pursuant to which they were issued. The tender offers and consent solicitations are being conducted in connection with the previously announced agreement of MeriStar and the Operating Partnership to merge with affiliates of The Blackstone Group.
  • Mar 28, 2006

    Choice One Communications and CTC Communications Acquire Conversent Communications

    Combination creates the second largest competitive communications provider in the U.S. Waltham, MA and Rochester, NY – March 28, 2006 – CTC Communications and Choice One Communications, which on February 10, 2006 announced their agreement to merge, today announced they are jointly acquiring Conversent Communications, Inc., an integrated communications provider with significant facilities and customers in the Northeast as well as in West Virginia. On a combined basis, the three companies currently generate about $800 million in annual revenue and provide telecommunications services to over 150,000 business customers representing more than 1.3 million access lines equivalents. The combined company, which will be privately held, will be the second largest competitive communications provider in the U.S., with a heavy regional focus in the Northeast, Mid-Atlantic, and upper Midwest regions. Its network will include 10,000 route miles of fiber and approximately 700 unique collocations.
  • Mar 08, 2006

    VNU Agrees To Public Offer From Private Equity Group That Values Company at EUR 28.75 Per Common Share, or Approximately EUR 7.5 Billion in Cash

    Offer represents a multiple of 13.4 times 2005 normalized EBITDA, an attractive valuation compared with recent trading of peer company stocks as well as VNU’s stock
  • Mar 06, 2006

    CarrAmerica Agrees to be Acquired by The Blackstone Group

    Washington D.C. – March 6, 2006 – CarrAmerica Realty Corporation (NYSE:CRE) today announced that it has signed a definitive merger agreement to be acquired by an affiliate of The Blackstone Group in a transaction valued at approximately $5.6 billion. Under the terms of the agreement, Blackstone will acquire all of the outstanding common stock of CarrAmerica for $44.75 per share in cash. The purchase price per share represents an 18.4% premium over CarrAmerica’s closing stock price on February 16, 2006, the date prior to published reports regarding a potential acquisition of CarrAmerica. CarrAmerica is permitted to pay its regular quarterly dividend for the quarter ending March 31, 2006, but will not pay any dividends on its common stock thereafter.
  • Feb 28, 2006

    MeriStar Hospitality Completes Sale of 10 Florida Assets

    BETHESDA, Md., February 28, 2006 — MeriStar Hospitality Corporation (NYSE: MHX), one of the nation’s largest hotel real estate investment trusts (REIT), today announced that it has completed the previously announced sale of a portfolio of nine hotels (1,948 rooms) and a golf and tennis club, all located in Florida, to an affiliate of The Blackstone Group for approximately $367 million, subject to adjustments made at closing. The properties in the portfolio include: