Investment Summary

The Blackstone Group Exits Axtel

On March 13, 2013, invested in communications company Axtel from The Blackstone Group

Investment Highlights
  • This is transaction in the Communications sector.
  • This is transaction in Mexico.

Investment Summary

Date 2013-03-13
Target Axtel
Sector Communications
Sellers(s) The Blackstone Group
Deal Type Stake Sale

Target

Axtel

San Pedro Garza García, Mexico
Axtel is a facilities-based competitive local exchange carrier providing switched and dedicated voice and data services in Mexico. It delivers voice and broadband communications services to small to medium-sized businesses using a combination of its point-to-multipoint and point-to-point radio spectrum and fiber access solutions. Axtel was founded in 1994 and is based in San Pedro Garza García, Mexico.

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Seller(S) 1

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B 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, New York.


DEAL STATS #
Overall 72 of 195
Sector: Communications M&A 13 of 15
Type: Stake Sale M&A Deals 2 of 9
Country: Mexico M&A 2 of 2
Year: 2013 M&A 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-05 Punj Lloyd

Gurugram , India

Punj Lloyd is an engineering, procurement, and construction companies with a strong track record of executing complex, high value, oil and gas and civil infrastructure projects in South Asia, the Middle East, Asia Pacific, Africa, and the Caspian region. Punj Lloyd was founded in 1988 and is headquartered in Gurugram, Haryana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-28 Pinnacle Foods

Parsippany, New Jersey, United States

Pinnacle Foods, Inc. is a manufacturer and marketer of branded convenience food products in the United States and Canada. Its product range includes frozen dinners and entrees, frozen seafood, breakfasts, bagels, pickles, peppers and relish, baking mixes and frostings, and syrups and pancake mixes.

Sell -