Blackstone snaps up Thomas Middleton.

Financial News, July, 2003

Byline: William Hutchings

Thomas Middleton has joined Blackstone, the alternative investment group, as a senior managing director in New York, 18 months after being dropped as Merrill Lynch's head of telecoms banking.Middleton joins Blackstone, which is one of the world's largest investors in buy-outs and manages real estate and hedge funds, as a senior managing director in its mergers and acquisitions advisory group. He will be working for Tony James, who joined Blackstone earlier this year and is seen as a possible successor to the firm's founders.

His expertise will help Blackstone take advantage of burgeoning opportunities in the telecoms sector. Buy-out firms have been tucking into non-core spin-offs from heavily indebted telecoms companies and...

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