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Smartsheet, Blackstone and Vista Equity Partners
Smartsheet officially goes private, completes acquisition by Blackstone and Vista Equity Partners
Smartsheet is a private company again. The Bellevue, Wash.-based enterprise software giant completed its $8.4 billion acquisition by Blackstone and Vista Equity Partners on Wednesday, capping off a transaction process first announced in September.
Blackstone and Vista complete $8.4 billion Smartsheet buyout
BELLEVUE, Wash. - Smartsheet, known for its AI-enhanced work management platform and impressive 81.68% gross profit margins, has finalized its acquisition by investment firms Blackstone (NYSE:BX) and Vista Equity Partners.
Bellevue's Smartsheet completes $8.4 billion acquisition by private equity firms
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Blackstone and Vista Equity Partners acquire Smartsheet in $8.4B deal
Smartsheet, the AI enhanced enterprise grade work management platform, today announced the completion of its acquisition by funds managed by
Blackstone and Vista Equity Partners Complete Acquisition of Smartsheet
Smartsheet, the AI enhanced enterprise grade work management platform, today announced the completion of its acquisition by funds managed by Blackstone ("Blackstone") and Vista Equity Partners ("Vista") in a transaction valued at approximately $8.
Blackstone and Vista Equity Partners complete $8.4bn take-private buyout of work management platform Smartsheet
According to the terms of the deal, Smartsheet stockholders will receive $56.50 in cash for each share of Smartsheet common stock they owned immediately prior to the closing.
Seeking Alpha
25d
Smartsheet: A Hold Is Good, But A Sell Might Be More Favorable
Smartsheet
's acquisition by
Blackstone
and Vista Equity at $56.50 per share limits upside potential; stock is fully valued, posing significant risk if the merger fails.
Smartsheet
excels in user ...
9d
on MSN
Tech Moves: Smartsheet and Zillow add VPs; Zenoti hires CFO; Meta taps product leader
Seattle-area tech companies and startups are welcoming new leadership in the new year, with hires at Smartsheet, Zillow, ...
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