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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 Melissa Karsh, Bloomberg News VIDEO SIGN OUT 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. ....