Blackstone Group to acquire a minority stake in BC Partners.

Blackstone Group offered to acquire a minority stake in BC Partners, a leading international private equity firm. Financial terms were not disclosed. Raymond Svider, Partner and Chairman of BC Partners, said, "This investment is a testament to the growth and institutionalization of our business, and will enable us to take the Firm to the next level for the benefit of our investors. We look forward to leveraging Blackstone's best-in-class resources and exceptional talent as we look to expand and strengthen our platform across our three key verticals."