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Blackstone and Vista Equity Partners acquire Smartsheet

PUBLIC · BXAug 07, 2026•2 days ago

Acquiring Company

Blackstone Group

Acquired Company

Smartsheet

New YorkBellevueFinancial ServicesFinanceInformation TechnologySoftwareEnterprise Software

Description

Smartsheet Inc. has entered into a definitive merger agreement with an investor group led by Blackstone and Vista Equity Partners. The deal is valued at $56.50 per share in cash, marking a significant premium to Smartsheet's stock price prior to the announcement. Allegations have arisen regarding the company's disclosure practices related to the acquisition negotiations. The lawsuit claims investors were not adequately informed before the announcement, impacting their trading decisions.

Company Information

Company

Blackstone Group

Location

New York, New York, United States

About

The Blackstone Group is a leading investment firm based in New York City, U.S. With a global presence, Blackstone Group is known for its diverse portfolio and strategic investments across various industries including real estate, private equity, credit, and hedge fund management.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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