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  6. The Blackstone Group Acquires Citrin Cooperman

M&A Deal Summary

The Blackstone Group Acquires Citrin Cooperman

On January 7, 2025, private equity firm The Blackstone Group acquired business services company Citrin Cooperman from New Mountain Capital

Acquisition Highlights
  • This is The Blackstone Group’s 19th transaction in the Business Services sector.
  • This is The Blackstone Group’s 217th transaction in the United States.
  • This is The Blackstone Group’s 24th transaction in New York.

M&A Deal Summary
Date 2025-01-07
Target Citrin Cooperman
Sector Business Services
Buyer(s) The Blackstone Group
Sellers(s) New Mountain Capital
Deal Type Secondary Buyout
Advisor(s) Guggenheim Securities (Financial)
Simpson Thacher & Bartlett
Zukerman Gore
Hunton Andrews Kurth (Legal)

Target

Citrin Cooperman

New York City, New York, United States
Citrin Cooperman is a professional services firm that has steadily built its business serving a diverse and loyal clientele. The company provides a comprehensive, integrated business approach to traditional services, which includes proactive insights throughout the lifecycle of clients wherever they do business, across the globe. Citrin Cooperman was founded in 1979 and is based in New York City, New York.

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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 394.0B 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 347 of 362
Sector: Business Services M&A 19 of 20
Type: Secondary Buyout M&A Deals 84 of 90
State: New York M&A 24 of 25
Country: United States M&A 217 of 230
Year: 2025 M&A 1 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-16 Sia Partners

Paris, France

Sia Partners is an international independent management and AI consulting firm. Sia Partners was founded in 1999 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-09 DDN

Chatsworth, California, United States

DDN is an AI and data intelligence company that empowers organizations to maximize the value of their data with end-to-end HPC and AI-focused solutions. Its customers range from the largest global enterprises and AI hyperscalers to cutting-edge research centers, all leveraging DDN’s proven data intelligence platform for scalable, secure, and high-performance AI deployments that drive 10x returns. DDN was founded in 1998 and is based in Chatsworth, California.

Buy -

Seller(S) 1

SELLER

New Mountain Capital

New York, New York, United States
Category Private Equity Firm
Founded 1999
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 1999 and is based in New York, New York.

DEAL STATS #
Overall 49 of 53
Sector: Business Services M&A 6 of 6
Type: Secondary Buyout M&A Deals 12 of 13
State: New York M&A 5 of 5
Country: United States M&A 46 of 50
Year: 2025 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-30 Salute Mission Critical

Franklin, Wisconsin, United States

Salute Mission Critical is an IT Data Center Lifecycle services company that recruits and trains military veterans. The company deploys, manages, and decommissions data center sites with consistently high-quality results. Salute Mission Critical was founded in 2013 and is based in Franklin, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-10 Rawlings

La Grange, Kentucky, United States

Rawlings is a technology-enabled coverage analytics provider that delivers savings for its health insurance clients by identifying liable third parties responsible for paying medical claims across its subrogation, coordination of benefits, and drug claim payment integrity offerings. Rawlings was formed in 1977 and is based in La Grange, Kentucky.

Sell -
Mergr

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