Investment Summary

The Blackstone Group Invests In Transtar

On December 1, 1988, private equity firm The Blackstone Group invested in transportation company Transtar for 640M USD

Investment Highlights
  • This is The Blackstone Group’s 1st transaction in the Transportation sector.
  • This is The Blackstone Group’s 111th largest (disclosed) transaction.
  • This is The Blackstone Group’s 2nd transaction in the United States.

Investment Summary
Date 1988-12-01
Target Transtar
Sector Transportation
Investor(s) The Blackstone Group
Deal Type Stake Purchase
Deal Value 640M USD

Target

Transtar

United States
Transtar operated rail and barge systems that served the transportation needs of U.S. Steel's steel facilities.

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Investor(S) 1

Investor

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 2 of 321
Sector (Transportation) 1 of 6
Type (Stake Purchase) 2 of 49
Country (United States) 2 of 202
Year (1988) 2 of 2
Size (of disclosed) 111 of 167
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1988-12-01 Tandus Centiva

Dalton, Georgia, United States

Tandus Centiva, Inc. is a manufacturer of floorcovering solutions for the commercial and institutional markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1989-06-01 Edgcomb Metals

United States

At acquisition, Edgcomb Corporation was a distributor and processor of metals.

Buy $330M
Mergr

Product

Company

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