Blackstone spins out Asia corporate advisory business

Comprador will continue to offer the same services as its captive predecessor, advising blue-chip corporates in Greater China and Korea on outbound M&A transactions, Blackstone said in a statement.

Steains joined Blackstone in 2008 to help set up BAPA. Prior to that he worked as managing director, head of industrials coverage, and head of Asia corporate finance at Lehman Brothers in Hong Kong. He has also had stints at Deutsche Bank and ING Barings.

During his 20-year career in Asian M&A, Steains is said to have managed transactions on behalf of clients such as PetroChina, Seoul Bank, First Pacific, Tesco, Procter & Gamble and Philippine Long Distance Telephone.

"The M&A advisory market in Asia has evolved dramatically over the last two decades, with ever more sophisticated clients undertaking increasingly complex deals which demand precisely the sort of thoughtful, conflict-free, experienced advice we provide," said Steains. "Since the global financial crisis, most of the major investment banks have re-restructured their M&A teams, creating an exciting opportunity for specialist firms to offer truly bespoke advisory services."

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Advisory
• People
• The Blackstone Group
• Appointments
• Asia
• professional services