M&A Deal Summary

The Blackstone Group Acquires QTS

On June 7, 2021, private equity firm The Blackstone Group acquired information technology company QTS for 10.0B USD

Acquisition Highlights
  • This is The Blackstone Group’s 18th transaction in the Information Technology sector.
  • This is The Blackstone Group’s 15th largest (disclosed) transaction.
  • This is The Blackstone Group’s 176th transaction in the United States.
  • This is The Blackstone Group’s 2nd transaction in Kansas.

M&A Deal Summary
Date 2021-06-07
Target QTS
Sector Information Technology
Buyer(s) The Blackstone Group
Deal Type Going Private
Deal Value 10.0B USD
Advisor(s) Jefferies
Morgan Stanley (Financial)
Hogan Lovells
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

QTS

Overland Park, Kansas, United States
QTS is a provider of secure, compliant data center solutions and fully managed services. QTS’ integrated technology service platform of custom data center (C1), colocation (C2) and cloud and managed services (C3) provides flexible, scalable, secure IT solutions for web and IT applications.

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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 City.

DEAL STATS #
Overall 286 of 336
Sector (Information Technology) 18 of 23
Type (Going Private) 29 of 36
State (Kansas) 2 of 2
Country (United States) 176 of 211
Year (2021) 12 of 27
Size (of disclosed) 15 of 172
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-05 Medline

Northfield, Illinois, United States

Medline is a healthcare company: a manufacturer, distributor and solutions provider focused on improving the overall operating performance of healthcare. Medline works with both the country’s largest healthcare systems and independent facilities across the continuum of care to provide the clinical and supply chain resources required for long-term financial viability in delivering high quality care. Medline was founded in 1966 and is based in Northfield, Illinois.

Buy $34.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-11 TaskUs

New Braunfels, California, United States

TaskUs is a provider of outsourced digital services and next-generation customer experience to companies, helping its clients represent, protect and grow their brands. Leveraging a cloud-based infrastructure, TaskUs serves clients in the fastest-growing sectors, including social media, e-commerce, gaming, streaming media, food delivery and ridesharing, HiTech, FinTech and HealthTech. TaskUs was founded in 2008 and is based in New Braunfels, Texas.

Sell -
Mergr

Product

Company

Legal