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Blackstone Strengthens West Coast Technology Advisory Practice

Sean Madnani said, “We have a tremendous opportunity to grow our technology practice on the West Coast and in Asia, and to raise the firm’s profile in this area. I look forward to joining Ivan and the rest of our West Coast team.”

Mr. Madnani joined Blackstone in 2005. Since joining the firm, he has provided advisory services to clients in a number of technology, media, and telecommunications-related transactions. Several notable transactions include advising BrightPoint in its sale to Ingram Micro, Opnext in its merger with Oclaro, Adaptec in the sale of its operating assets to PMC-Sierra, the bondholders of Conexant Systems and Covalent Materials in their respective restructurings, The Weather Company’s acquisitions of Weather Central and Weather Underground, Blackstone’s acquisition of Freescale Semiconductor, and many others. Over the course of his career, Mr. Madnani has advised on M&A transactions totaling in excess of $100 billion in aggregate value.

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 alternative asset management businesses include the management of private equity funds, real estate funds, hedge fund solutions, credit-focused funds and closed-end funds. 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 us on Twitter @Blackstone.

Copyright Business Wire 2010
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