Michael Dugan Joins The Blackstone Group

New York/London: The Blackstone Group today announced that Michael P. Dugan has joined the firm’s Corporate Advisory Group as a Senior Managing Director, bringing with him over 20 years experience advising industrial clients on strategic and capital structuring issues in both North America and Europe.

Mr. Dugan, who will maintain offices in New York and London, has been instrumental in the successful execution of some of the largest industrial transactions, including the acquisition and financing of Legrand, Europe’s largest leveraged buyout.

Prior to joining Blackstone, Mr. Dugan was at CSFB where he was Head of the London-based European Capital Goods Investment Banking Group and Managing Director in the New Yorkbased Mergers & Acquisitions Group. Prior to CSFB, he was a Managing Director in Donaldson Lufkin Jenrette’s M&A group, previously President and CEO of Metzler Corporation, and before that held senior positions with Smith Barney and Bankers Trust Securities.

Hamilton E. James, Vice-Chairman of Blackstone, said; “We are delighted to have someone of Michael’s stature and experience in our Corporate Advisory team. His track record advising major corporations, his knowledge and experience of working with European companies, and his wide range of high-level contacts are invaluable in complementing our fast-growing Corporate Advisory team.”

Mr. Dugan added, “Joining Blackstone is a great opportunity for me to add considerable value to my clients’ strategic discussions. The firm’s sterling reputation, entrepreneurial approach, financial resources, and lack of conflicts, combined with the unique perspective afforded by the firm’s principal capabilities, will allow me to deliver objective and bespoke solutions to clients. I am looking forward to working with such a capable group of professionals across the firm’s businesses, while focusing on further developing the global advisory business.”

About The Blackstone Group

The Blackstone Group, a private investment and advisory firm with offices in New York, Atlanta, Boston, London and Hamburg, was founded in 1985. The firm has raised a total of approximately $32 billion for alternative asset investing since its formation. The Blackstone Group’s six core businesses are Private Equity Investing, Private Real Estate Investing, Corporate Debt Investing, Marketable Alternative Asset Management, Corporate Advisory, and Restructuring and Reorganization Advisory. www.blackstone.com