Blackstone Group Inc. is buying Interior Logic Group Inc. for about $1.6 billion including debt, preempting the company’s initial public offering and bolstering a bet on single-family housing.
Private equity funds managed by Blackstone are acquiring the interior-design technology provider from a…
Blackstone to Buy Interior Logic for $1.6 Billion in Housing Bet Interior Logic is an interior design technology provider that also offers supply chain and installation management services to homebuilders. Bloomberg | Feb 02, 2021
(Bloomberg) Blackstone Group Inc. is buying Interior Logic Group Inc. for about $1.6 billion including debt, preempting the company’s initial public offering and bolstering a bet on single-family housing.
Private equity funds managed by Blackstone are acquiring the interior-design technology provider from a group including Littlejohn & Co. and Platinum Equity, according to an emailed statement Monday. Last month, Interior Logic applied to list on the Nasdaq under the ticker “ILG.”
Blackstone to buy Interior Logic for US$1.6 Billion in housing bet
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Blackstone Group Inc. is buying Interior Logic Group Inc. for about US$1.6 billion including debt, preempting the companyâs initial public offering and bolstering a bet on single-family housing.
Private equity funds managed by Blackstone are acquiring the interior-design technology provider from a group including Littlejohn & Co. and Platinum Equity, according to an emailed statement Monday. Last month, Interior Logic applied to list on the Nasdaq under the ticker âILG.â
Interior Logic also provides supply-chain and installation-management services to homebuilders. The Irvine, California-based company operates in 37 states. Blackstone hopes to expand the companyâs geographic reach and enhance its technology, said Seth Meisel, a senior managing director with the firm.