Private equity funds managed by Blackstone Inc. (NYSE:BX) entered into a definitive agreement to acquire a majority stake in The Chamberlain Group, Inc. from The Duchossois Group, Inc. in a transaction that values The Chamberlain Group at approximately $5 billion on September 7, 2021. As part of the agreement, The Duchossois Group will retain meaningful ownership in the Company and two seats on the Company?s Board of Directors following the close of the transaction. Wells Fargo, Barclays, Citi, and Deutsche Bank are providing committed debt financing for the transaction. Following the close of the transaction, Chamberlain Group would remain a privately held company headquartered in Oak Brook, Ill. The transaction is subject to regulatory approvals and customary closing conditions. The transaction is expected to close by the end of 2021. BDT & Company, LLC acted as sole financial advisor and Mike Murray and James Dougherty of Jones Day acted as legal advisors to The Duchossois Group. Wells Fargo, Barclays, and DBO Partners are acting as financial advisors to Blackstone. Simpson Thacher & Bartlett LLP is serving as Blackstone?s legal counsel.