M&A Deal Summary

The Blackstone Group Acquires Vivint

On December 19, 2012, private equity firm The Blackstone Group acquired safety/security company Vivint from Jupiter Partners and Peterson Partners for 2.0B USD

Acquisition Highlights
  • This is The Blackstone Group’s 2nd transaction in the Safety/Security sector.
  • This is The Blackstone Group’s 56th largest (disclosed) transaction.
  • This is The Blackstone Group’s 104th transaction in the United States.
  • This is The Blackstone Group’s 1st transaction in Utah.
Investment Fate
  • Vivint was sold to a financial buyer in 2019.
  • Vivint was sold to a strategic buyer in 2022 for 2.8B USD.

M&A Deal Summary

Date 2012-12-19
Target Vivint
Sector Safety/Security
Buyer(s) The Blackstone Group
Sellers(s) Jupiter Partners
Peterson Partners
Deal Type Secondary Buyout
Deal Value 2.0B USD
Advisor(s) Citigroup Investment Banking
BofA Securities (Financial)
Jones Day (Legal)

Target

Vivint

Provo, Utah, United States
website
Vivint is a full-service security alarm company that generates sales door-to-door during the summer months and services the contracts throughout the year. Vivint was formed in 1999 and is based in Provo, Utah.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 161 of 319
Sector (Safety/Security) 2 of 3
Type (Secondary Buyout) 23 of 72
State (Utah) 1 of 3
Country (United States) 104 of 201
Year (2012) 6 of 6
Size (of disclosed) 56 of 167
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-13 PBF Energy

Parsippany, New Jersey, United States

PBF Energy, Inc. is an independent refiner in North America, operating, through its subsidiaries, oil refineries and related facilities in Delaware City, Delaware, Paulsboro, New Jersey and Toledo, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 NSL

Hyderabad, India

Nuziveedu Seeds (NSL) develops, produces and distributes hybrid seeds and is India's largest hybrid cotton seed company. NSL was formed in 1973 and is based in Hyderabad, India.

Sell -

Seller(S) 2

SELLER

Jupiter Partners

New York, New York, United States

website


Category Private Equity Firm
Founded 1994
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Jupiter Partners is a private investment firm that targets management buyouts, industry consolidations and growth capital opportunities. Jupiter typically provides equity of between $15 million and $80 million for each investment. Industries of interest include business services and solutions, healthcare services, distribution/logistics, and specialty consumer/retail. Jupiter's geographic preference is for US based opportunities. The Firm's investment horizon is three to seven years. Jupiter Partners was formed in 1994 and is based in New York City.


DEAL STATS #
Overall 8 of 8
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 4 of 4
State (Utah) 1 of 1
Country (United States) 8 of 8
Year (2012) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-24 Installation Made Easy

Kennesaw, Georgia, United States

Installation Made Easy provides enterprise software for the home improvement industry. This comprehensive software platform enables retailers to offer a wide range of home improvement products and services to their customers on a nationwide basis, with minimal investment or operational responsibility. Installation Made Easy is based in Kennesaw, Georgia.

Sell -
SELLER

Peterson Partners

Salt Lake City, Utah, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1995
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Peterson Partners is a private equity firm that targets investments in lower middle-market growth companies located in the Western US. Peterson looks to commit between $5 and $25 million of equity in companies generating sales of at least $5 million. Sectors of interest include consumer products and services, business services, and manufacturing. Peterson Partners was formed in 1995 and is based in Salt Lake City, Utah.


DEAL STATS #
Overall 15 of 31
Sector (Safety/Security) 2 of 4
Type (Secondary Buyout) 4 of 11
State (Utah) 7 of 11
Country (United States) 15 of 28
Year (2012) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Cleo

Rockford, Illinois, United States

Cleo is an ecosystem integration software company whose solutions simplify the movement and integration of critical B2B enterprise data, thereby enabling business agility and business flow visibility. The Cleo Integration Cloud (CIC) is a cloud-based platform that brings end-to-end integration visibility across API, EDI, and non-EDI integrations and gives technical and business users the confidence and capability to rapidly onboard trading partners, enable integration between applications, and accelerate revenue-generating business processes. Cleo was established in 1976 and is based in Rockford, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Sí Señor Tex Mex

São Paulo, Brazil

Sí Señor Tex Mex provides Tex-Mex served in Brazil restaurant chain.

Buy -