Blackstone Group to work with Krakoff on acquisitions

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New York—The Blackstone Group, a global investment company, announced Tuesday that it has entered into an agreement with Robert Krakoff, former Advanstar chairman-CEO, to acquire b-to-b media companies. Krakoff’s company is Blantyre Partners. The capital for investments will be provided by Blackstone Capital Partners IV, a $6.5 billion fund, and Blackstone Communications Partners I, a $2.0 billion fund focused on investments in the media and communications industries.

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