Blackstone named Daniel C. Heintzelman a senior advisor. Heintzelman joins from GE, where he served as vice chairman and was responsible for services and operations.
Blackstone and MB Aerospace said private equity funds managed by Blackstone have completed the acquisition of MB Aerospace from Arlington Capital Partners. Blackstone was advised by Simpson Thacher & Bartlett on the transaction.
SunEdison and Vivint Solar agreed to amend their merger agreement. A Blackstone-sponsored vehicle will become a key stakeholder, and committed to provide a $250 million credit facility. Goldman Sachs, Barclays, Citigroup and UBS will provide a $300 million term loan.
GE agreed to sell a portfolio of first lien mortgage loans from its UK Home Lending business valued at $5.8 billion to Blackstone, TPG Special Situation Partners and CarVal Investors.
The SEC said three private equity fund advisors within the Blackstone group have agreed to pay nearly $39 million to settle charges they failed to fully inform investors about benefits they obtained from accelerated monitoring fees and discounts on legal fees.
Blackstone GSO founder Doug Ostrover will step down as a senior managing director of Blackstone and will become a senior adviser to the firm.
Stornoway Diamond announced Blackstone Tactical Opportunities, an affiliate of Blackstone, acquired a meaningful equity position in Stornoway and a minority ownership interest in the Renard diamond stream.
Blackstone and Wells Fargo announced signed agreements to purchase most of the assets of GE Capital Real Estate in a transaction valued at approximately $23 billion.