Anyone know anything about The Blackstone Group

[Sadie5]

They have made an offer on my husbands place of employment and I can't find anything at the link. Thanks in advance.

http://www.blackstone.com/private_equity/index.html

[conscious evolution]

1. They are bad news.

Their name seems to crop up a lot when big companies go bankrupt.Worldcom,Delta.A few others that I can't remember right now.
There was some "former republican' named Karl Schwarz who posted here along time ago that wrote about their involvement in some shady financial stuff.I don't remember details though.
If your husband owns stock or has a pension or something similar I would recommend cashing in.Personnaly,I would not trust anything to do with them.

[Sadie5]

2. Looked around and found this

None of those wanting to buy the place are better than another.

http://www.reuters.com/article/mergersNews/idUSN0329462420070503

[conscious evolution]

5. This line from that article says it all

"....Indianapolis-based division, which makes transmissions and hybrid propulsion systems for commercial trucks, buses and military vehicles."
Sounds like they are buying up another peice of the MIC.
Lots of profit in war you know.

[Emit]

3. The name came up a while back on a thread about Cerberus

I recall. Here's a few pieces:

The Blackstone Group RECENT BUYOUT FUNDRAISING: $23 billion

DESCRIPTION: Since opening its doors with $400,000 in 1985, Blackstone has become known for sharp elbows and sharper deals. Witness its $3.8 billion buyout of Celanese in 2004: The firm put in $650 million in equity and almost immediately recouped $500 million with a junk-bond offering. Or the way it unloaded $13 billion worth of buildings in its recent $38.9 billion buyout of Equity Office Partners before the ink was dry on the deal. As a hedge against a cyclical downturn in private equity, co-founder and CEO Stephen A. Schwarzman (see following story) has diversified the firm into hedge funds, distressed debt, asset management, and oh, yes, real estate. Moreover, the 60-year-old designated CSFB alum Hamilton "Tony" James president and his de facto successor in 2004.

BOLDFACE ADVISORS: Former Treasury Secretary Paul O'Neill.

FUN FACT: Co-founder Pete Peterson counts Alan Greenspan and Henry Kravis as golf buddies.

http://money.cnn.com/magazines/fortune/fortune_archive/2007/03/05/8401296/index.htm

~snip~

Chrysler salespeople have wined and dined several potential New-York-based members of a buyout “club,” including the Wall Street firm Blackstone Group. Blackstone has stakes in over 100 companies ranging from real estate to pickles. With annual revenues of over $85 billion, these investors are the majority shareholders in TRW automotive holdings. Blackstone CEO Stephen Schwartzman, dubbed by Fortune magazine “the King of Wall Street,” is notoriously extravagant. The day before the Valentine’s Day Massacre he spent millions of dollars on his 60th birthday party, which featured a private concert by Rod Stewart.

~snip~

http://www.workers.org/2007/us/chrysler-0322/


More: Blackstone, Cerberus Collide as Buyout Firms Overrun Detroit
http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=ahtZ6n165LIM


What’s Behind Private Equity’s Warnings About Debt?
http://www.dealbreaker.com/private_equity/kkr/

[Up2Late]

4. Lots of stuff about them at Google News, where di he work?

Here's the link: <http://news.google.com/news?um=1&tab=wn&client=firefox-a&ie=utf-8&oe=utf-8&rls=org.mozilla:en-US:official&q=%22Blackstone+Group%22>

Just copy this into the search window and have at it: "Blackstone Group"

Btw, they suck.