Blackstone Announces Opening of New Office in Frankfurt, Germany
March 20 2023 - 3:46AM
Business Wire
Blackstone (NYSE: BX), the world’s largest alternative asset
manager, today announced that it will open a new office in
Frankfurt, Germany. The new flagship location will occupy 1,300
square meters in the OMNITURM in Frankfurt’s financial district and
serve as a hub for Blackstone in Germany.
The new office will host professionals across Blackstone’s
private equity, real estate, and credit businesses, in addition to
providing a hub for Blackstone’s private wealth solutions business,
which serves investment professionals and individual investors
across Europe. Juergen Pinker, Senior Managing Director, will lead
on Private Equity, with Jurij Puth, Senior Managing Director,
leading on Credit.
Blackstone has been an active and significant investor in
Germany for more than two decades, with currently more than 7,000
people employed by its portfolio companies in the country. To date,
the firm has been involved in transactions worth more than €17
billion in Germany.
The opening of the new office in Frankfurt highlights
Blackstone’s conviction in Germany, and its plan to build on its
success and expand its activity in the German market going
forward.
Jon Gray, President and COO of Blackstone, said: “We are
very excited to be opening a new office in Frankfurt, and to be
expanding our presence in Germany. Germany is an economic
powerhouse, a great country to do business in and we look forward
to investing here for a long time to come.”
Current Blackstone investments in Germany include Leica and
Schenck Process. In the past, the firm invested in Scout24,
Gerresheimer, as well as Meerwind, the first privately financed
offshore wind farm in Germany. The firm also has significant
investments in German real estate, particularly logistics assets
and commercial real estate where the firm’s current investments
total nearly €7 billion of equity. Notable examples include the
Messeturm in Frankfurt as well as the Sumatrakontor in Hamburg’s
HafenCity. Through its credit business, Blackstone has provided
financing of €5.6 billion in the DACH region, including for TK
Elevator, formerly part of ThyssenKrupp.
About Blackstone
Blackstone is the world’s largest alternative asset manager. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our $975 billion in
assets under management include investment vehicles focused on
private equity, real estate, public debt and equity,
infrastructure, life sciences, growth equity, opportunistic,
noninvestment grade credit, real assets and secondary funds, all on
a global basis. Further information is available at
www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and
Instagram
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Felix Lettau Felix.Lettau@Blackstone.com +44 (0) 7587 020020
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