Summary
This Form 8-K filing by The Blackstone Group L.P. (BX) reports the completion of its acquisition of Harbourmaster Capital (Holdings) Limited, a Jersey-based company, on January 5, 2012. The acquisition was conducted through Blackstone's subsidiary, Graphite Holdings LLC, and was initially announced on October 6, 2011. The transaction involved the purchase of Harbourmaster's entire share capital. Blackstone paid a total of €120.8 million, equivalent to $154.5 million, for Harbourmaster. This amount was net of excess cash held by Harbourmaster and investments owned by Harbourmaster (and its principals) in its managed products. The filing also indicates that required financial statements and pro forma information related to this acquisition will be filed via amendment within 71 calendar days. A press release announcing the completion of the acquisition is attached as an exhibit.
Key Highlights
- 1Blackstone completed the acquisition of Harbourmaster Capital (Holdings) Limited on January 5, 2012.
- 2The acquisition was made through Blackstone's subsidiary, Graphite Holdings LLC.
- 3The total cash consideration paid for Harbourmaster was €120.8 million ($154.5 million).
- 4The purchase price was net of Harbourmaster's excess cash and its investments in managed products.
- 5The acquisition was initially announced on October 6, 2011.
- 6Blackstone filed a press release as an exhibit to announce the transaction's completion.
- 7Detailed financial statements and pro forma information will be provided in a future amendment.