Blackstone & Vista’s $8.4B Smartsheet take-private (2025)

In September 2024, Blackstone and Vista Equity Partners agreed to acquire Smartsheet in an all-cash take-private valuing the company at about $8.4B; the acquisition completed in January 2025.

Smartsheet (Bellevue, Washington) is a US collaborative work-management SaaS platform. This is a joint Corporate PE buyout (Vista + Blackstone), not a Blackstone Growth minority. Private Equity ownership is already tagged; Public tags reflect the prior NYSE listing.

Source: Smartsheet IR — Completion of acquisition by Blackstone and Vista (Jan 2025): https://investors.smartsheet.com/news/news-details/2025/Smartsheet-Announces-Completion-of-Acquisition-by-Blackstone-and-Vista-Equity-Partners/default.aspx
TechCrunch — Vista and Blackstone $8.4B offer (24 Sep 2024): https://techcrunch.com/2024/09/24/vista-equity-partners-and-blackstone-offer-to-buy-smartsheet-for-8-4b-in-cash/