Business Acquisition Insights: Vista Partners with Blackstone to Acquire Smartsheet

Wednesday, 25 September 2024, 03:03

Business acquisition news highlights Vista Equity Partners and Blackstone's agreement to acquire Smartsheet for $8.4 billion in cash. This significant deal values Smartsheet at $56.50 per share, showcasing a remarkable premium over its recent trading price. With this strategic move, Vista and Blackstone aim to bolster their positions in the software industry.
Ibtimes
Business Acquisition Insights: Vista Partners with Blackstone to Acquire Smartsheet

Business Acquisition Overview

Vista Equity Partners and Blackstone have announced their intention to take Smartsheet private in a stunning $8.4 billion acquisition. The deal, worth $56.50 per share, represents a premium of approximately 41% based on Smartsheet's 90-day average closing share price. This acquisition signifies a strategic enhancement for both Vista and Blackstone's portfolios.

Deal Analysis

As per market insights, the deal price also demonstrates a 16% premium compared to Smartsheet's peak closing stock price in the last year. Vista and Blackstone emphasize the potential growth trajectories for Smartsheet within their operational frameworks.

Future Implications

This acquisition by Vista and Blackstone not only reshapes Smartsheet's future but also sends ripples through the business acquisition landscape, reflecting a keen interest in the software sector.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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