M&A Deal Summary

The Blackstone Group Acquires CARD

On April 13, 2018, private equity firm The Blackstone Group acquired healthcare services company CARD

Acquisition Highlights
  • This is The Blackstone Group’s 5th transaction in the Healthcare Services sector.
  • This is The Blackstone Group’s 145th transaction in the United States.
  • This is The Blackstone Group’s 25th transaction in Texas.

M&A Deal Summary
Date 2018-04-13
Target CARD
Sector Healthcare Services
Buyer(s) The Blackstone Group
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Berkery, Noyes & Co. (Financial)
Nevers, Palazzo, Packard, Wildermuth & Wynner (Legal)

Target

CARD

Plano, Texas, United States
CARD is a provider of autism behavioral health services for children and adults affected by autism spectrum disorder. CARD was established in 1990 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

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, New York.

DEAL STATS #
Overall 236 of 336
Sector (Healthcare Services) 5 of 6
Type (Buyout (LBO, MBO, MBI)) 65 of 76
State (Texas) 25 of 33
Country (United States) 145 of 211
Year (2018) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-22 The Weather Company

Atlanta, Georgia, United States

The Weather Company is the owner of The Weather Channel and provides people with weather forecasts, content and data, connecting with them through television, online, mobile and tablet screens. Through WSI and Weather Central, the company delivers professional weather services for the media, aviation, marine and energy sectors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 Renaissance

Wisconsin Rapids, Wisconsin, United States

Renaissance is a provider of technology-based school improvement and student assessment programs for pre-kindergarten through to senior high (pre-K-12, aged 5-18) schools and districts. The company's products and services, currently adopted by more than 70,000 schools, are primarily focused on two curriculum areas: reading and mathematics. Renaissance was formed in 1986 and is based in Wisconsin Rapids, Wisconsin.

Buy -
Mergr

Product

Company

Legal