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Blackstone and Vista close .4 billion deal to acquire Smartsheet

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Blackstone and Vista close $8.4 billion deal to acquire Smartsheet

(Bloomberg) — Blackstone Inc. and Vista Equity Partners have agreed to acquire software provider Smartsheet Inc. for about $8.4 billion in one of the largest privatization deals of the year. Most read by Bloomberg The buyout firms will pay $56.50 per share in cash for Bellevue, Washington-based Smartsheet, they said in a statement Tuesday. The […]

By Andrew Jack

September 24, 2024September 24, 2024

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 […]

By Andrew Jack

September 24, 2024September 24, 2024