Blackstone to open an office in Düsseldorf

Reports suggest that The Blackstone Group is going to establish an office in Düsseldorf.

Dr Axel Herberg has been appointed as senior managing director to head the office and oversee investments in the DACH region. Dr Herberg is currently president and CEO of packaging manufacturer Gerresheimer AG and will leave the position to head up the office beginning in fall.

The firm's latest transaction in Germany was the project finance investment in Windland Energieerzeugungs GmbH to establish an off-shore wind park in the North Sea. Other major transactions included Klöckner Pentaplast, Altana Pharma and Deutsche Telekom AG. Blackstone could not be reached for comment.