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Michael Dugan joins corporate advisory team at the Blackstone Group Michael Dugan joins corporate advisory team at the Blackstone Group

19 May 2004. Source: AltAssets.
The Blackstone Group has recruited Michael Dugan to its corporate advisory team as a senior managing director. Dugan, who will maintain offices in New York and London, has been instrumental in the execution of some of the largest industrial transactions, including KKR's acquisition of Legrand, Europe's largest ever leveraged buy-out.

'We are delighted to have someone of Michael's stature and experience in our corporate advisory team,' said Hamilton James, vice-chairman of Blackstone. '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.'

Dugan joins Blackstone from Credit Suisse First Boston where he was head of the London-based European capital goods investment banking group and managing director in the New York-based mergers and acquisitions group. Prior to joining CSFB, he was a managing director at Donaldson, Lufkin Jenrette's M&A group and was also president and CEO of Metzler Corporation.

'Joining Blackstone is a great opportunity for me to add considerable value to my clients' strategic discussions,' said Dugan. '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.'

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