Funds of The Blackstone Group L.P. (NYSE:BX) entered into a definitive agreement to acquire Tradesmen International, LLC from Wellspring Capital Management LLC.
January 03, 2017
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Funds of The Blackstone Group L.P. (NYSE:BX) entered into a definitive agreement to acquire Tradesmen International, LLC from Wellspring Capital Management LLC on January 3, 2017. The transaction is expected to close in the first quarter of 2017. Robert W. Baird & Co and Steve Lipman, Adam Reeder, Dan Skolds and Jonathan Slaughte of Rothschild acted as financial advisors and Angelo Bonvino of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Tradesmen International. Deutsche Bank acted as financial advisor and Elizabeth Cooper, Leah Baucom, Max Corey, Alden Millard, Makiko Harunari, Greg Grogan, Patricia Adams, Monisha Bhayana, Gary Mandel, Sophie Staples, John Torrenti, Michael Isby, Timothy Mulvihill, Lori Lesser, Linda Nyberg, Steven DeLott, Michael Naughton, Ellen Frye, Kenneth Ehrhard and Ashley Yoon of Simpson Thacher & Bartlett LLP acted as legal advisors to Blackstone Group. Patrick Leddy of Jones Day acted as legal advisor to Tradesmen International.
Blackstone Inc. is an investment firm. The Company's asset management business includes investment vehicles, which is focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, and secondary funds. The Company operates through four segments: Real Estate, Private Equity, Credit & Insurance, and Hedge Fund Solutions. Its Blackstone Real Estate Partners (BREP) business makes investments in logistics, office, rental housing, hospitality, and retail properties, as well as in a variety of real estate operating companies. The Private Equity segment includes Blackstone Capital Partners, Blackstone Energy Transition Partners, Blackstone Capital Partners Asia, and Blackstone Core Equity Partners. The Credit & Insurance segment includes Blackstone Credit and Blackstone Insurance Solutions (BIS). The Hedge Fund Solutions segment includes Blackstone Alternative Asset Management and GP Stakes businesses.
Funds of The Blackstone Group L.P. (NYSE: BX) entered into a definitive agreement to acquire Tradesmen International, LLC from Wellspring Capital Management LLC.
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