Blackstone Acquires Majority Stake in SPANX
October 20, 2021
Blackstone (through its Blackstone Growth and Tactical Opportunities businesses) agreed to acquire a majority stake in SPANX, Inc. at a $1.2 billion valuation, with founder Sara Blakely retaining a significant equity stake and becoming Executive Chairwoman. The investment is intended to accelerate SPANX's digital transformation, expand its global footprint, and support product and category growth across e-commerce and retail channels.
- Buyers
- Blackstone, Blackstone Growth (BXG), Blackstone Tactical Opportunities
- Targets
- SPANX, Inc.
- Sellers
- Sara Blakely, Existing SPANX shareholders
- Industry
- Consumer Products
- Location
- Georgia, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Blackstone Growth Acquires Majority Stake in Supergoop!
December 20, 2021
Consumer Products
Funds managed by Blackstone Growth (BXG) have acquired a majority stake in Supergoop!, the SPF-focused skincare brand founded by Holly Thaggard. Founder Holly Thaggard, CEO Amanda Baldwin and existing management will retain significant equity while prior investor Encore Consumer Capital and several other investors will continue to support the business; the investment is intended to fuel product innovation, brand marketing and national and international expansion. Terms were not disclosed.
-
Blackstone Growth Majority Investment in NetBrain Technologies
July 26, 2025
Cloud & SaaS
Blackstone Growth has closed a majority investment in NetBrain Technologies at a reported $750 million valuation, acquiring a controlling stake to accelerate the company's global expansion and AI-powered network automation roadmap. As part of the transaction NetBrain appointed Bernadette Nixon as CEO while founder Lingping Gao will move to chair the board.
-
Blackstone Acquires Majority Stake in Sony Payment Services
December 22, 2023
Payments & Fintech
Private equity funds managed by Blackstone signed a definitive agreement to acquire a majority (reported ~80%) stake in Sony Payment Services Inc. from Sony Bank (part of Sony Group), with Sony Bank retaining a minority roll‑over. The deal — reported at roughly $280 million for an 80% stake — marks Blackstone's first investment in Japan's fintech/payments sector as it seeks to expand its Japan private equity portfolio and support SPSV's growth through technology and talent investment.
-
Blackstone Acquires Sphera from Genstar Capital
July 6, 2021
Cloud & SaaS
Blackstone's private equity funds agreed to acquire Sphera, a provider of ESG-focused SaaS, data and consulting services, from Genstar Capital in a transaction valuing the company at approximately $1.4 billion. The deal positions Blackstone to accelerate Sphera's growth in ESG software, data and advisory services globally.
-
Blackstone Growth Makes Minority Investment in ISN (ISNetworld)
December 17, 2020
Cloud & SaaS
Funds managed by Blackstone, led by Blackstone Growth (BXG), have made a significant minority investment in ISN (ISNetworld) at a valuation of over $2 billion. The capital will be used to support product innovation and expansion into new markets and geographies, with Blackstone becoming ISN's only outside stockholder while ISN remains employee-owned.
-
Blackstone and Vista Equity Partners Acquire Smartsheet
January 22, 2025
Cloud & SaaS
Funds managed by Blackstone and Vista Equity Partners completed the take-private acquisition of Smartsheet for approximately $8.4 billion. Smartsheet stockholders received $56.50 per share; the buyers said they will invest to drive product innovation, expand Smartsheet's collaborative work management platform and scale its international business.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.