The Blackstone Group has completed its acquisition of Polymer Group (OTC BB: POLGA/POLGB). Polymer shareholders, including MatlinPatterson Global, received $15.32 in cash per share. Polymer manufactures engineered materials and was advised on the deal by Cravath, Swaine & Moore and Blackstone Advisory Partners, while its special committee was advised by Janney Montgomery Scott and Richards, Layton & Finger. Simpson Thacher & Bartlett acted as Blackstone's legal counsel.