Blackstone’s $1.6 Billion Acquisition of Interior Logic Group


Kirkland & Ellis advised private equity funds managed by Blackstone on the deal. Sheppard, Mullin, Richter & Hampton LLP served as legal advisor to Littlejohn and Platinum Equity and Alston & Bird LLP served as finance counsel.

Private equity funds managed by Blackstone (“Blackstone”) have reached a definitive agreement to acquire Interior Logic Group Holdings, LLC (“ILG”) from Littlejohn & Co. LLC (“Littlejohn”), Platinum Equity and other equity holders, for a total transaction value of approximately $1.6 billion. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2021.

Interior Logic Group, Inc. is a leading, data-driven and technology-enabled provider of interior design, supply chain and installation management solutions to several of the nation’s largest single-family homebuilders.

Blackstone is one of the world’s leading investment firms, with $619 billion in assets under management as of December 31, 2020, including investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.

RBC Capital Markets, LLC served as sole financial advisor to Blackstone. Committed debt financing for the transaction is being provided by Citi and Goldman Sachs & Co. Citi served as lead financial advisor and Goldman Sachs & Co. and BofA Securities also served as financial advisors to ILG.

The Kirkland team advising Blackstone was led by transactional partners Shawn OHargan (Picture) and Peter Martelli and associate Christopher Burwell.

Involved fees earner: Christopher Burwell – Kirkland & Ellis; Peter Martelli – Kirkland & Ellis; Shawn O’Hargan – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Blackstone;

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Author: Ambrogio Visconti