Buyout (LBO, MBO, MBI) • Internet Software and Services

The Blackstone Group Acquires M3

On August 15, 2024, private equity firm The Blackstone Group acquired internet software and services company M3

Acquisition Context
  • This is The Blackstone Group’s 23rd transaction in the Internet Software and Services sector.
  • This is The Blackstone Group’s 214th transaction in the United States.
  • This is The Blackstone Group’s 9th transaction in Georgia.

Explore All 674 Buyout (LBO, MBO, MBI) Internet Software and Services Deals - Search the Database Free


M&A Deal Summary

Date August 15, 2024
Target M3
Sector Internet Software and Services
Buyer(s) The Blackstone Group
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Carlton Fields (Legal)

Target Company

M3

Lawrenceville, Georgia, United States
M3 is a cloud-based financial platform and services company serving over 8,000 properties across North America’s hospitality industry helping drive cost savings, revenue enhancement, and business insight. M3 was founded in 1998 and is based in Lawrenceville, Georgia.
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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 342 of 365
Sector: Internet Software and Services 23 of 24
Type: Buyout (LBO, MBO, MBI) 78 of 82
State: Georgia 9 of 9
Country: United States 214 of 231
Year: 2024 14 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-14 Chartis

Chicago, Illinois, United States

Chartis is a healthcare advisory firm that develops and activates transformative strategies, operating models, and organizational enterprises. The company helps providers, payers, technology innovators, retail companies, and investors create and embrace solutions that radically reshape healthcare for the better. Its family of brands includes Chartis, Jarrard, Greeley, and HealthScape Advisors. Chartis was founded in 2002 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-04 AirTrunk

North Sydney, Australia

AirTrunk is an Asia Pacific data center platform operating 800MW of capacity committed to customers and owns land that can support over 1GW of future growth across the region. AirTrunk was founded in 2015 and is based in North Sydney, New South Wales.

Buy AU$24.0B