The Blackstone Group has taken some PR lumps this year. Recall the long New Yorker article. But as of late. Wall Street is buzzing about the company's stunning success as an M&A advisor. It was tapped to advise Microsoft, alongside Morgan Stanley as it bids for Yahoo. But that is really only the tip. Financial News Online notes that Blackstone is ranked among the top five banks in the U.S. tables for M&A, and in the top six in Europe. Last year it ranked around 40 in both markets. It also advised the China Development Bank recently, on its deal with Barclays. Many attribute the success to the massive hiring spree the firm has been on.  

For more:
- here's the Financial News Online article