Blackstone and Vista Equity Partners Take Smartsheet Private

Information Technology · United States · $8.4B

Funds managed by Blackstone and Vista Equity Partners completed the acquisition of Smartsheet (NYSE: SMAR) in a take-private transaction valued at approximately $8.4 billion. Smartsheet stockholders received $56.50 per share in cash, an 8.5% premium over the last closing price and a 41% premium over the 90-day volume-weighted average price before deal reports surfaced. Announced September 24, 2024, approved by shareholders December 9, 2024, and closed January 22, 2025. Goldman Sachs and Morgan Stanley advised Blackstone and Vista; Kirkland & Ellis and Simpson Thacher & Bartlett served as legal counsel.