M&A Deal Summary

The Blackstone Group Acquires Spanx

On October 20, 2021, private equity firm The Blackstone Group acquired apparel/textiles company Spanx for 1.2B USD

Acquisition Highlights
  • This is The Blackstone Group’s 7th transaction in the Apparel/Textiles sector.
  • This is The Blackstone Group’s 95th largest (disclosed) transaction.
  • This is The Blackstone Group’s 189th transaction in the United States.
  • This is The Blackstone Group’s 7th transaction in Georgia.

M&A Deal Summary

Date 2021-10-20
Target Spanx
Sector Apparel/Textiles
Buyer(s) The Blackstone Group
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 1.2B USD
Advisor(s) Goldman Sachs
Allen & Company (Financial)
Cravath, Swaine & Moore
King & Spalding (Legal)

Target

Spanx

Atlanta, Georgia, United States
Spanx is a apparel company specializing in shapewear and other garments for women. Spanx was founded in 2000 and is based in Atlanta, Georgia.

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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 301 of 365
Sector: Apparel/Textiles M&A 7 of 7
Type: Buyout (LBO, MBO, MBI) M&A Deals 76 of 82
State: Georgia M&A 7 of 9
Country: United States M&A 189 of 231
Year: 2021 M&A 23 of 27
Size (of disclosed) 95 of 185
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-13 Beacon

New York, New York, United States

Beacon is a cloud-based platform for quant development that enables users to build custom trading and risk management applications. The integrated development environment and a web application framework make developing applications faster and easier. Beacon was founded in 2014 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-21 EagleClaw Midstream

Midland, Texas, United States

EagleClaw Midstream is a midstream company focused on developing infrastructure opportunities in the Permian Basin. EagleClaw provides natural gas producers with a wide array of midstream services including gathering, compression, treating, processing and transportation.

Sell -