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  • Wed. Oct 23rd, 2024
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    Tag: Blackstone

    Vista and Blackstone buy software manufacturer Smartsheet for around .4 billion
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    Vista and Blackstone buy software manufacturer Smartsheet for around $8.4 billion

    Private equity firms Vista Equity Partners and Blackstone are buying software maker Smartsheet for around $8.4 billion in cash. Vista and Blackstone said Tuesday they will pay $56.50 per Smartsheet Inc. share. The agreement includes a 45-day “go-shop” period during which Smartsheet and its advisers will solicit alternative tender offers from certain third parties and […]

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    This New York-based hedge fund will make a profit of million on the .4 billion Smartsheet deal
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    This New York-based hedge fund will make a profit of $90 million on the $8.4 billion Smartsheet deal

    Ricky Sandler, founder of hedge fund Eminence Capital, at the 2014 Allen & Company Sun Valley Conference. (Photo by Scott Olson/Getty Images) Getty Images Smartsheet, an enterprise work management software platform, announced Tuesday that it is being acquired by Blackstone and Vista Equity Partners in an all-cash deal valued at $8.4 billion. Shareholders will receive […]

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