Blackstone Advisory Partners Strengthens German Presence with Leadership Appointment in Frankfurt
(firmenpresse) - The Blackstone Group Germany GmbH / Key word(s): Enterprise/
Blackstone Advisory Partners Strengthens German Presence with
Leadership Appointment in Frankfurt
DGAP-Media / 02.07.2012 / 08:49
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London, Frankfurt 2 July 2012 - The Blackstone Group L.P. (NYSE:BX) today
announces that it is expanding and strengthening its international
Blackstone Advisory Partners network with the appointment of Jan Weidner as
a Senior Managing Director. Mr. Weidner will be responsible for the German
speaking franchise for Blackstone Advisory Partners and will be based in
Frankfurt.
Since the firm's inception, Blackstone has advised clients on M&A deals
representing over $495 billion in value and restructuring assignments
involving around $1.1 trillion of total liabilities. Recent advisory
activity in Germany includes restructurings such as Carl Zeiss, Deutsche
Annington, and Jost, as well as advising E.ON AG on the sale of its US
regulated utility operations to PPL Corporation.
Blackstone has also been an active investor in the German market since
2000. Blackstone's office in Dusseldorf is led by Dr. Axel Herberg and
focuses on identifying private equity opportunities. In the last two
years, Blackstone affiliated funds have invested in Jack Wolfskin, the
outdoor sporting goods retailer, Leica Camera AG, the premium camera and
sport optics manufacturer, and in developing Germany's largest fully
financed offshore wind farm in the North Sea. This is in addition to
previous private equity investments including Celanese, Deutsche Telekom,
Ish, Kabel BW and Sulo, as well as real estate investments of both
commercial and residential portfolios.
John Studzinski, Global Head of Blackstone Advisory Partners, commented:
'Germany is and will continue to be among the top four global economies
with significant opportunities to advise our clients on cross-border
investments, acquisitions and funds flows. Blackstone has been and remains
a significant advisor to and investor in German companies and Jan's
appointment will greatly strengthen our position in this market.'
Mr. Weidner added: 'Blackstone's Advisory practice comprises some of the
most highly experienced experts in our industry and benefits from its
unique ability to harness the intellectual capital and network of the
entire firm, including the expertise and skills in our investing
businesses. I'm delighted to be a part of it in this exciting time of
international growth for our business.'
Mr. Weidner has over 25 years of corporate finance advisory experience in
the German speaking market, advising successfully on a large number of M&A,
restructuring, and capital market transactions in a broad range of
industries. He started his career with JP Morgan and BHF-Bank and led
Morgan Stanley's M&A department in Germany until 2002. He joined Drueker&Co. in 2002 and merged the firm successfully into Leonardo&Co in 2007.
Until 2012 he was Managing Director and member of Leonardo's European
operating committee.
About Blackstone
Blackstone is one of the world's leading investment and advisory firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, the companies we advise and the
broader global economy. We do this through the commitment of our
extraordinary people and flexible capital. Our alternative asset management
businesses include the management of private equity funds, real estate
funds, hedge fund solutions, credit-oriented funds and closed-end mutual
funds. The Blackstone Group also provides various financial advisory
services, including financial and strategic advisory, restructuring and
reorganization advisory and fund placement services. Further information is
available at www.blackstone.com. Follow us on twitter (at)blackstone.
Contact
Nicole Meadows, Blackstone
+ 44 (0)20 7451 4026
nicole.meadows(at)blackstone.com
For German Press
Alexander Styles, CNC
+ 49 (0)69 5060 375 79
alexander.styles(at)cnc-communications.com
End of Media Release
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