Blackstone Advisory Partners (“BAP”), an affiliate of Blackstone
(NYSE:BX), today announced that James (“Jim”) Schaefer has joined as a
Senior Managing Director. He is based in New York and leads BAP’s
Energy, Power and Renewables Advisory Practice. He brings to Blackstone
extensive expertise in energy-related mergers, acquisitions and
financing, developed over his more than 18 years in the financial
services industry.
Mr. Schaefer most recently served as the Global Head of the Power and
Renewable Energy Group at UBS. Mr. Schaefer’s strategic advisory
experience includes advising OGE Corporation on its $11 billion joint
venture with CenterPoint, advising Constellation Energy on its $4.5
billion nuclear business joint venture with EdF and its $1.1 billion
acquisition of Boston Gen, advising US Bioenergy in its $2.9 billion
merger with VeraSun, and advising Avista on its recently announced
acquisition of Alaska Energy and Resources Company. He also led
financings for Ameren, Exelon, Consolidated Edison, and Westar Energy,
amongst others.
Previously, Mr. Schaefer worked in the power groups at Lehman Brothers,
Salomon Brothers and Chase. He holds an M.B.A. from the University of
Michigan and a B.A. from the University of Vermont.
John Studzinski, Global Head of Blackstone Advisory Partners, said, “We
could not be more pleased to bring Jim’s formidable experience and
reputation to Blackstone’s advisory practice as we further establish our
team as an industry leader within the energy, power and renewables
space. Jim’s talents, leadership and formidable CEO network will be
critical to accelerating our success and raising the firm’s profile in
this area. We anticipate adding further professionals to our energy and
power team in the near term, as this is one of our core industry areas
of excellence.”
Jim Schaefer added, “I am delighted to join Blackstone, a firm with an
unrivaled track-record for offering objective and differentiated advice
to its clients on their most complex strategic initiatives. I am pleased
to join Blackstone’s exceptional advisory practice, and to help the
group take advantage of the tremendous opportunity to grow its energy,
power and renewables practice in the coming years.”
About Blackstone
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investors, the companies we invest in, the companies we advise and the
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funds, and multi asset class exposures falling outside of other funds’
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including financial and strategic advisory, restructuring and
reorganization advisory and fund placement services. Further information
is available at www.blackstone.com.
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Copyright Business Wire 2014