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Blackstone hires Andrew Lapham to source Canadian deal opportunities

U.S. private equity firm The Blackstone Group has appointed Andrew Lapham as an executive adviser. Formerly a senior investment professional at Onex Corp, Lapham will focus primarily on sourcing and evaluating new investment opportunities in Canada for the New York-based Blackstone. He will operate from Toronto. Blackstone agreed earlier this month to acquire Gates Corp, a maker of a wide range of industrial products, from Onex and Canada Pension Plan Investment Board for US$5.4 billion.

PRESS RELEASE

Andrew Lapham Appointed as Executive Advisor to Blackstone in Canada

New York and Toronto, April 28, 2014. Blackstone (NYSE:BX) today announced that it has appointed Andrew Lapham as an Executive Advisor to the firm. Based in Toronto, Mr. Lapham will focus primarily on sourcing and evaluating the firm’s investment opportunities in Canada. Previously, Mr. Lapham was a senior investment professional at Onex Corporation, headquartered in Toronto.

Joseph Baratta, Blackstone’s Global Head of Private Equity, said, “We are delighted to be working with Andrew. He is a terrific person and professional, and knows our firm well. Canada is both a strategic market for Blackstone and home to many of our most important limited partner relationships. It is critical to our firm to have a local presence in Canada.”

Andrew Lapham said, “I could not be more pleased to be working with Blackstone, a firm with an unparalleled reputation and global network. Its outstanding investing expertise and deep bench of talent positions the firm well to apply its transformative capital to the many attractive opportunities in Canada, and I look forward to supporting these efforts in the years ahead.”

Mr. Lapham received his Bachelor’s degree from Princeton University.

About Blackstone

Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds, and multi asset class exposures falling outside of other funds’ mandates. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

Contact:

Peter Rose
Global Public Affairs
+1 212 583 5871
rose@blackstone.com

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