The Blackstone Group is a private investment and advisory firm founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman. Consists of seven divisions: the Private Equity Group, the Real Estate Group, the Corporate Debt Group, Marketable Alternative Investments, Relative Value Fixed Income Investments, Corporate Advisory Services, and Restructuring & Reoraganization Advisory.
The company is based in New York City with offices in Atlanta, Boston, London, and Hamburg, Germany.
BlackstoneGroupL.P. is a prominent private equity and investment management firm founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman.
On July 3, 2007, the BlackstoneGroup and Hilton Hotels Corporation announced plans for the BlackstoneGroup to acquire Hilton Hotels Corporation with all debt assumed in an all cash deal valued at $26 billion.
On July 1, 2007, the BlackstoneGroup sold Global Tower Partners to Macquarie Infrastructure Partners for an enterprise value of $1.425 billion.
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