Jurek named Gates CEO

Gates Corp., a portfolio company of the Blackstone Group, said Friday it appointed Ivo Jurek its new CEO. Jurek will assume his responsibilities on May 18. He will succeed Jim Nicol, who will remain on the board as the Vice Chairman. Jurek most recently served as President of Eaton’s Electrical business in Asia Pacific.

Blackstone reports Q1 AUM of $310.45 mln

The Blackstone Group reported $1.6 billion in first quarter economic net income, or $1.37 per unit, up 99 percent from $813.9 million in economic net income, or 70 cents per unit, for the same time period in 2014. Total revenue surged 66 percent to $2.5 billion in first quarter from $1.5 billion in first quarter 2014. Blackstone’s total assets under management rose 14 percent to $310.45 million, the release said.


Comprador takes over Blackstone Advisory Partners Asia

The Blackstone Group said Wednesday it has transferred its Hong Kong based M&A advisory business to Comprador Limited. Anthony J. Steains, who headed Blackstone Advisory Partners Asia, is leading Comprador, which will be based in Hong Kong. Steains is Chairman and CEO of Comprador.

Blackstone-owned PGI Specialty Materials files for IPO

Blackstone Group LP‘s (BX.N: Quote, Profile, Research, Stock Buzz) PGI Specialty Materials Inc, which makes materials that are used in products ranging from diapers to disinfectant wipes, filed with U.S. regulators for an initial public offering of common stock, Reuters News reported.


Apollo in the lead to acquire Protection 1 — Reuters News

Private equity firm Apollo Global Management LLC (APO.N: Quote, Profile,Research, Stock Buzz) is in advanced talks to acquire Protection 1 in a deal that could value the U.S. home security company at close to $1.5 billion, including debt, sources told Reuters News.

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