Divestiture • Information Services

The Blackstone Group Acquires IDG

On June 3, 2021, private equity firm The Blackstone Group acquired information services company IDG from China Oceanwide Holdings for 1.3B USD

Acquisition Context
  • This is The Blackstone Group’s 4th transaction in the Information Services sector.
  • This is The Blackstone Group’s 88th largest (disclosed) transaction.
  • This is The Blackstone Group’s 179th transaction in the United States.
  • This is The Blackstone Group’s 7th transaction in Massachusetts.

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M&A Deal Summary

Date June 3, 2021
Target IDG
Sector Information Services
Buyer(s) The Blackstone Group
Sellers(s) China Oceanwide Holdings
Deal Type Divestiture
Deal Value 1.3B USD
Advisor(s) King & Wood Mallesons (Legal)

Target Company

IDG

Needham, Massachusetts, United States
IDG provides market intelligence for the fast-growing technology industry. For more than five decades, it has delivered proprietary insights and data for technology suppliers and buyers on every major shift in the technology market -- from the invention of the personal computer and launch of the iPhone to the emergence of cloud computing and artificial intelligence. IDG was founded in 1964 and is based in Needham, Massachusetts.
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Buyer Overview 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 Context for Buyer #
Overall 288 of 365
Sector: Information Services 4 of 5
Type: Divestiture 28 of 35
State: Massachusetts 7 of 11
Country: United States 179 of 231
Year: 2021 10 of 27
Size (of disclosed) 88 of 185
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Lionpoint Group

New York, New York, United States

Lionpoint Group is a global consult tech firm focused on delivering operational transformation and enabling technology solutions to the alternative investments industry. Lionpoint Group provides strategy and project-based services in process optimization, technology implementation, and end-to-end operational improvement across the front, middle and back-office. The company has offices in New York, San Francisco, London, Geneva, and Sydney. Lionpoint Group was founded in 2014 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-05 Medline

Northfield, Illinois, United States

Medline is a vertically integrated manufacturer and distributor of medical surgical products to hospitals, post-acute facilities and physician offices. Medline’s global manufacturing, sourcing and distribution network enables it to partner with healthcare providers globally, delivering products and solutions that reduce costs, increase supply chain efficiency and improve overall quality of care. Medline was founded in 1966 and is based in Northfield, Illinois.

Buy $34.0B

Seller Profile 1

SELLER

China Oceanwide Holdings

Beijing, China

Category Company
Founded 1985
Sector Diversified
DESCRIPTION

China Oceanwide Holdings is a diversified conglomerate with businesses that include operations in financial services, energy, culture and media, and real estate assets globally, and in the United States.


Deal Context for Seller #
Overall 1 of 1
Sector: Information Services 1 of 1
Type: Divestiture 1 of 1
State: Massachusetts 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-14 Genworth Life Insurance Co.

Richmond, Virginia, United States

Genworth Life Insurance Co. is an insurance company formed by Genworth Financial, Inc.

Buy -