This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Inaki Echave To Join Blackstone To Focus On Spain And Portugal

Stocks in this article: BX

Blackstone (NYSE:BX) today announced that Inaki Echave will join its private equity group as a Managing Director, with primary responsibility for Spain and Portugal. Mr. Echave was most recently a partner with Magnum Capital, the largest independent buy-out fund on the Iberian Peninsula. He will work alongside Claudio Boada, Blackstone’s Chairman for Iberia.

Lionel Assant, a Senior Managing Director at Blackstone and head of its European private equity business, said, “We are delighted that someone of Inaki’s talent and experience is coming to Blackstone. There is a great need in the region to deploy our long-term patient capital to grow companies and create jobs and value.”

Mr. Echave added, “I am very pleased to be joining Blackstone, the world’s largest private equity firm. It has a global network, and unparalleled experience and expertise improving the companies it invests in. I am looking forward to being part of the investing team.”

Joe Baratta, Blackstone’s Global Head of its Private Equity business, said, “Blackstone sees great opportunity in Spain. We have faith that Spain’s leaders are taking actions to put the economy on sounder footing, and we believe in the long-term potential of that economy. Inaki is a terrific investor who shares our core investing values: partnering with good companies and their management to make them better.”

In 2010, Blackstone bought Mivisa, a Spanish packaging company. Since then it has invested over €35m in the business, grown sales by over 11% and employment by 5%. Blackstone has $51 billion in private equity assets under management globally as of the end of 2012 and as of the same date has $16 billion to deploy globally in future private equity investments. It invested or committed $5 billion in private equity last year.

Before joining Magnum in 2006, Mr. Echave worked for 3i Group, where he served as a Director of the Pan-European Buyout team based in London and a Director of the Spanish/Portuguese team, based in Madrid. Before 3i, he worked for JP Morgan Partners (now CCMP Capital Advisors) in Madrid and London, re-launching their activities in Spain. He started his career as a strategic consultant at Bain & Company in a variety of sectors and companies in Spain and the United Kingdom.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs