The Blackstone Group L.P. : Blackstone's GSO Capital Partners Acquires Harbourmaster Capital
01/05/2012| 05:00pm US/Eastern
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GSO Capital Partners LP ("GSO"), the global credit platform of
Blackstone (NYSE: BX), today completed the acquisition of Harbourmaster
Capital, a leading European leveraged loan manager with ?7.6 billion
($10.2 billion) of assets under management as of September 30, 2011. As
previously announced, the acquisition makes GSO one of the largest
leveraged loan investors in Europe as well as the United States, thereby
enhancing its global scale.
GSO is one of the largest credit-oriented alternative managers in the
world, generating attractive risk-adjusted returns for its investors
through a broad array of strategies including mezzanine, distressed
investing, leveraged loans and other special situation strategies.
Together with its affiliates, GSO has $33.6 billion of assets under
management as of September 30, 2011 (approximately $43.8 billion
combined for the acquisition).
About Harbourmaster
Established in March 2000, Harbourmaster Capital is one of Europe's
leading investment advisors of secured bank loans. The firm is dedicated
to deep, fundamental, long term analysis of sub-investment grade
corporates and investment grade infrastructure projects. Harbourmaster
Capital advises clients in respect of ?7.6 billion of senior secured
loans and infrastructure debt. Further information is available at www.harbourmaster.com
.
About Blackstone
Blackstone is one of the world's leading investment and advisory firms.
Blackstone seeks to create positive economic impact and long-term value
for its investors, the companies it invests in, the companies it advises
and the broader global economy. Blackstone does this through the
commitment of its extraordinary people and flexible capital.
Blackstone's alternative asset management businesses includes the
management of private equity funds, real estate funds, funds of hedge
funds, credit-oriented funds and closed-end mutual funds. Blackstone
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 Blackstone on twitter @blackstone.
Forward-Looking Statements
This release may contain forward-looking statements within the meaning
of Section 27A of the United States Securities Act of 1933 and
Section 21E of the United States Securities Exchange Act of 1934 which
reflect Blackstone's current views with respect to, among other things,
Blackstone's operations and financial performance. These forward-looking
statements may be identified by the use of words such as "outlook,"
"believes," "expects," "potential," "continues," "may," "will,"
"should," "seeks," "approximately," "predicts," "intends," "plans,"
"estimates," "anticipates" or the negative version of these words or
other comparable words. Such forward-looking statements are subject to
various risks and uncertainties. Accordingly, there are or will be
important factors that could cause actual outcomes or results to differ
materially from those indicated in these statements. Blackstone believes
these factors include but are not limited to those described under the
section entitled "Risk Factors" in its Annual Report on Form 10-K for
the fiscal year ended December 31, 2010, as such factors may be updated
from time to time in its periodic filings with the United States
Securities and Exchange Commission, which are accessible on the SEC's
website at www.sec.gov.
In particular, Blackstone notes that the statements regarding the
acquisition of Harbourmaster Capital by GSO Capital Partners is subject
to a number of risks and uncertainties. These factors should not be
construed as exhaustive and should be read in conjunction with the other
cautionary statements that are included in this release and in
Blackstone's other filings with the SEC. Blackstone undertakes no
obligation to publicly update or review any forward-looking statement,
whether as a result of new information, future developments or otherwise.
This release does not constitute an offer of any Blackstone Fund.
Blackstone, London
Helen Winning, +44(0) 207 451 4344
winning@blackstone.com
or
Blackstone,
NY
Christine Anderson, +1 212 583 5182
Christine.Anderson@blackstone.com
© Business Wire 2012
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