Funds managed by Vista Equity Partners Management, LLC and The Blackstone Group Inc. (NYSE:BX) completed the acquisition of Ellucian Company L.P. from TPG Capital, L.P. and Leonard Green & Partners, L.P.
September 14, 2021
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Funds managed by Vista Equity Partners Management, LLC and The Blackstone Group Inc. (NYSE:BX) agreed to acquire Ellucian Company L.P. from TPG Capital, L.P. and Leonard Green & Partners, L.P. on May 14, 2021. Blackstone and Vista Equity Partners will join Ellucian team. The transaction is subject to customary closing conditions and approval from European Commission. As of August 19, 2021, The European Commission approved the transaction. As of July 27, 2021, EU has set August 31 as a provisional deadline for a ruling on the deal. RBC Capital Markets, LLC acted as financial advisor to The Blackstone Group Inc. Elizabeth A. Cooper, William Allen, Brian Gluck, Jonathan Karen, Steven Klar, Greg Grogan, Jennifer Neilsson, Jonathan Goldstein, Sophie Staples, Lori Lesser and Krista McManus of Simpson Thacher & Bartlett LLP acted as legal advisor to The Blackstone Group Inc. Morgan Stanley & Co. LLC acted as financial advisor to Vista. Lukas Richards, Sarkis Jebejian, Austin Glassman, Jonathan Davis, Sonali Jindal, David Kung, John Lynn, Marin Boney, Mark Gardner and Ari Levi of Kirkland & Ellis LLP acted as legal advisor to Vista. UBS Investment Bank acted as financial advisor to TPG Capital, Leonard Green & Partners and Ellucian. Matthew Jones, Alfred Rose, Alexander Zeltser, Benjamin Rogers, Jay Freedman, Adam Greenwood, James Kaplan and Anthony Bernard of Ropes & Gray acted as legal advisor to Ellucian. Morgan Lewis & Bockius acted as legal advisor to the management team. BofA Securities, Inc. acted as financial advisor to Ellucian Company L.P., TPG Capital, L.P., and Leonard Green & Partners, L.P.
Funds managed by Vista Equity Partners Management, LLC and The Blackstone Group Inc. (NYSE:BX) completed the acquisition of Ellucian Company L.P. from TPG Capital, L.P. and Leonard Green & Partners, L.P. on September 15, 2021. The Goldman Sachs Group, Inc. (NYSE:GS) acted as financial advisor to Ellucian Company L.P., TPG Capital, L.P., and Leonard Green & Partners, L.P.
Blackstone Inc. is an investment firm. The Company's asset management business includes investment vehicles, which is focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, and secondary funds. The Company operates through four segments: Real Estate, Private Equity, Credit & Insurance, and Hedge Fund Solutions. Its Blackstone Real Estate Partners (BREP) business makes investments in logistics, office, rental housing, hospitality, and retail properties, as well as in a variety of real estate operating companies. The Private Equity segment includes Blackstone Capital Partners, Blackstone Energy Transition Partners, Blackstone Capital Partners Asia, and Blackstone Core Equity Partners. The Credit & Insurance segment includes Blackstone Credit and Blackstone Insurance Solutions (BIS). The Hedge Fund Solutions segment includes Blackstone Alternative Asset Management and GP Stakes businesses.
Funds managed by Vista Equity Partners Management, LLC and The Blackstone Group Inc. (NYSE: BX) completed the acquisition of Ellucian Company L.P. from TPG Capital, L.P. and Leonard Green & Partners, L.P.