Smartsheet acquisition Learn more Sep 16, 2024 · Buyout firms Vista Equity Partners and Blackstone are in advanced talks to acquire Smartsheet , in a deal that could value the collaboration-software maker at close to $8 billion, people familiar Jan 22, 2025 · Smartsheet, the AI enhanced enterprise grade work management platform, today announced the completion of its acquisition by funds managed by Blackstone and Vista Equity Partners in a transaction Sep 24, 2024 · BELLEVUE, Wash. Jan 23, 2025 · 84億ドルという驚異的な評価額のこの取引は、2024年9月に最初に発表され、同年12月にSmartsheetの株主から承認を受けていた。この買収の結果、Smartsheetの株主は、取引完了前に所有していたSmartsheet普通株1株につき56. 4 billion, the company said Wednesday. Jan 22, 2025 · What was the total acquisition cost for Smartsheet? Approximately $8. Jan 17, 2025 · On September 24, 2024, SMARTSHEET INC announced it had entered into a definitive agreement to be acquired by funds managed by Blackstone and Vista Equity Partners in an all-cash transaction. The Hart-Scott-Rodino waiting period expired on November 12th, clearing a key hurdle. --(BUSINESS WIRE)--Smartsheet, the AI enhanced enterprise grade work management platform, today announced the completion of its acquisition by funds managed by Blackstone (“Blackstone”) Sep 19, 2024 · Smartsheet (SMAR) stock drops 1. 4% to trade just a dollar shy of the offer price. 50 per share limits upside potential; stock is fully valued, posing significant risk if the merger fails. Has anyone taken the… business acquisition worksheet business name address web email phone additional remarks year 1 year 2 year 3 year 4 year 5 review year gross sales cost of sales other income total expenses taxable income interest net cash flow depreciation gross profit date of report cash notes receivable - owner advances prepaid expenses inventory other asset Smartsheet’s acquisition of SaaS resource management vendor 10000ft should be highly leverageable, giving it another piece (alongside its January acquisition of TernPro, the maker of Slope) to create an offering for marketers and creative teams, as well as the Dec 4, 2024 · On December 4, 2024, Alamar Capital Management announced that after careful and extensive analysis, it urges fellow Smartsheet Inc. -based company previously swooped up 10,000ft, Slope, and Converse. Smartsheet's stock reached a 52-week high, and multiple positive developments were noted in Q2 and Q3. 4 billion, as buyout firms warm up to software makers again after a Aug 24, 2018 · The Smartsheet platform makes it easy to plan, capture, manage, and report on work from anywhere, helping your team be more effective and get more done. The deal, announced in September 2024, is expected to close in January 2025 and aims to enhance Smartsheet's market leadership, innovation, and global expansion. Smartsheet's board has unanimously approved the acquisition and recommends that shareholders Sep 24, 2024 · Smartsheet shares jumped Tuesday after the work management platform said it agreed to be purchased by asset manager Blackstone and investment firm Vista Equity Partners for $8. Ver todos los eventos On the stock market today, Smartsheet stock rose 2. On … Continued Sep 25, 2024 · The all-cash acquisition will make Smartsheet a private company again, six years after the Bellevue, Wash. 4 billion acquisition of Smartsheet, marking a major milestone for the enterprise work management platform. 5% premium over Monday's closing price. This article was generated with the support of AI Jan 22, 2025 · This moment signifies the conclusion of Smartsheet's public trading era and the beginning of its journey as a privately-held company. AI acquisition represents another step forward in the company’s long-held philosophy of “practical innovation”— empowering knowledge workers to build and manage powerful workflow and automation solutions, irrespective Smartsheet + Slope Will Support New Creative Workflows Across Industries. The acquisition deal includes a 45-day "go-shop" period, allowing Seattle-area enterprise software giant Smartsheet is in acquisition talks with a group of private equity firms including Vista Equity Partners and Blackstone, according to a report Thursday from Sep 24, 2024 · Smartsheet is the modern enterprise work management platform trusted by millions of people at companies across the globe, including approximately 85% of the 2024 Fortune 500 companies. 3% as COO leaves amid reports of potential $8 billion acquisition by Vista Equity and Blackstone. 4B deal could fuel other private equity buyouts Smartsheet announced Tuesday that it agreed to be acquired by private equity firms Jan 22, 2025 · Funds managed by private equity giant Blackstone (BX) and Vista Equity Partners have completed their acquisition of AI-enhanced enterprise-grade work management platform Smartsheet (SMAR). Over the last two years Smartsheet and 10,000ft have been increasingly purchased together; however, for new customers the 10,000ft brand name created confusion. company creating workplace collaboration tools. Who were the main investors involved in the acquisition? Blackstone, Vista Equity Partners, and ADIA. , January 22, 2025--Smartsheet, the AI enhanced enterprise grade work management platform, today announced the completion of its acquisition by funds managed by Blackstone "Since acquiring 10,000ft in 2019, Smartsheet has offered customers 10,000ft to complement the Smartsheet platform to provide a best-in-class project and resource management solution. maker of workplace collaboration software with a market value of $6. 4 billion acquisition of workplace collaboration software maker Smartsheet, which was announced September 24, 2024. Sep 24, 2024 · The buyout firms have agreed to include key creditor safeguards in a $3. The transaction is valued at approximately $8. 83 billion, with a potential acquisition price likely to be a premium on that figure. 31, 2025, subject to shareholder approval and regulatory clearances. The Smartsheet Board of Directors will have the right to terminate the merger agreement to Jan 22, 2025 · Smartsheet, the AI enhanced enterprise grade work management platform, completed its take private transaction with funds managed by Blackstone and Vista in January 2025. 50 per share. As part of the Smartsheet is a private company again. Learn more Smartsheet (NYSE:SMAR) is in discussions with investment bankers after seeing acquisition interest from buyout firms, Reuters reported citing people with knowledge of the matter. 20 on Tuesday. Washington-based company was working with Qatalyst Partners to review acquisition offers from Nov 7, 2023 · Hi everyone, I have experience using Smartsheet Core Product and I'm Core Product Certified , but I am new to Smartsheet Control Center (SCC). through September 12. Log into your Smartsheet account. Oct 18, 2017 · HR needs to influence progressive and aggressive budgeting for resource acquisition, training, coaching, and development every year. Closing is expected to occur in September. HR must institutionalize effective succession and talent planning practices at all levels, and build an adaptive organization that can flex its structure to optimize performance. Smartsheet (NYSE: SMAR) is the enterprise platform for dynamic work. Sep 24, 2024 · The acquisition is expected to close in the fourth quarter of Smartsheet's fiscal year, which ends Jan. Smartsheet is scheduled to report Q2 results after the market close. , January 15, 2019 – Smartsheet (NYSE: SMAR), a leading cloud-based platform for work execution, today announced that it has acquired Seattle-based TernPro, Inc. Or, sign-up for a free 30 day trial, no credit card required. -based enterprise software company went public. The company, serving major corporations, saw its shares rise 10% amid acquisition rumors. Dec 9, 2024 · Accordingly, the Company shareholders approved the company proposal to consider and vote on the proposal to adopt the Agreement and Plan of Merger (the Merger Agreement ), dated September 24, 2024, by and among Smartsheet, Einstein Parent, Inc. Dec 9, 2024 · 12/09/2024 - 04:27 PM . The buyer is typically the larger of the two companies. 10,000ft itself was born in 2012 as a spin-off from technology consulting firm Artefact. The private equity firms say Smartsheet CEO Mark Mader declined to comment during the company’s earnings conference call when analysts asked about reports of the acquisition talks. Under the agreement, the private-equity buyers will acquire all the outstanding shares held by Smartsheet shareholders for $56. 2 billion debt package supporting the Smartsheet acquisition after their initial proposal faced pushback from potential Jul 18, 2024 · Smartsheet Attracts Acquisition Interest from Buyout Firms. About Smartsheet. When you merge two companies or one firm acquires another, you must manage a complex series of steps to execute the deal. In the absence of an active market, the last close price will reflect the Deal Terms of the transaction. Prior to this acquisition, Smartsheet exhibited robust financial health, with more cash than debt, demonstrating its ability to thrive within a competitive landscape. 4 billion purchase price Aug 24, 2020 · The acquisition, Smartsheet’s largest to date, is expected to close in September. Mar 11, 2025 · Blackstone and Vista Equity Partners have completed their Smartsheet acquisition, a work management and collaboration platform, in an $8. (SMAR) shares are trading more than 12 percent higher on Friday morning after the company announced the acquisition of Outfit, a brand management, templating, and The all-cash acquisition will make Smartsheet a private company again, six years after the Bellevue, Wash. The acquisition agreement includes a 45-day “go-shop” provision that allows Smartsheet to solicit competing bids until November 8. 09. Smartsheet shareholders received $56. 50 a share in cash Smartsheet rose 3% as talks of acquisition by investor consortium including Vista Equity and Blackstone emerge. Learn more Any articles, templates, or information provided by Smartsheet on the website are for reference only. 31. Learn more Partners Learn about the Smartsheet partner program and access our partner directory. December 09, 2024 04:27 PM Eastern Standard Time. The transaction, expected to close by January 31, 2025, requires shareholder approval and regulatory clearances. 2% to 53. The company has agreed to be acquired by a consortium led by Partners Learn about the Smartsheet partner program and access our partner directory. Funds managed by Vista and Blackstone agreed to purchase the company in an all-cash transaction. Jan 22, 2025 · Smartsheet, the AI enhanced enterprise grade work management platform, today announced the completion of its acquisition by funds managed by Blackstone (“Bla Vista and Blackstone said Tuesday that they will pay $56. Blackstone and Vista Equity Partners are acquiring Smartsheet for $8. TipRanks Sep 24, 2024 · The deal is expected to close in the fourth quarter of Smartsheet's fiscal 2025, which ends on Jan. Under the terms of the agreement, SMARTSHEET INC shareholders will receive USD 56. As a pioneer and market leader in this category, Smartsheet delivers powerful solutions fueling performance and driving the next wave of innovation. maker of workplace collaboration software with a market value of about $7 Dec 9, 2024 · Smartsheet Shareholders Approve Acquisition by Blackstone and Vista Equity Partners. This significant premium underscores the perceived value of Smartsheet’s business and its potential for growth under private ownership. May 19, 2019 · Partners Learn about the Smartsheet partner program and access our partner directory. Smartsheet stock has gained 9% in 2024 amid speculation Mar 29, 2023 · Hello @Angie Hatfield, there was a great webinar recently organised by @Katye and one of the topics covered was:- "Merger & Acquisitions for Healthcare & Life Sciences: Explore best practices for managing the complex work of mergers and acquisitions in the healthcare and life sciences space. Jan 22, 2025 · The acquisition could be part of increased tech M&A activity in 2025 after a slowdown over the past few years. 50 per share, representing an 8. 4bn acquisition of Smartsheet, a leading enterprise work management platform. Hostile Acquisition: In a friendly acquisition, the acquiring company purchases another company with the approval of the target company’s shareholders and board of directors. Sep 25, 2024 · Vista Equity Partners and Blackstone Inc. 3 billion. have made several concessions to a group of private lenders backing their $8. Talks are confidential, and terms are undisclosed. ai. Acquisition will also drive the creation of Smartsheet Accelerators for marketing workflows BELLEVUE, Wash. Feb 6, 2020 · The term M&A project management refers to the process of applying the best practices of project management theory to organize pre- and post-merger activities. –(BUSINESS WIRE)–Smartsheet, the AI enhanced enterprise grade work management platform, today announced the completion of its acquisition by funds managed by Blackstone and Vista Equity Partners in a transaction valued at approximately $8. Jan 15, 2019 · Smartsheet didn't have to go far to make its second acquisition. Smartsheet reported strong quarterly growth and exceeded earnings per share expectations. --(BUSINESS WIRE)-- Smartsheet (NYSE:SMAR) (“Smartsheet” or the “Company”), the AI enhanced enterprise grade work management platform, today announced that Smartsheet shareholders overwhelmingly approved the Merger Proposal for the Company’s proposed acquisition Jul 18, 2019 · Acquisition: The purchase of a complete or controlling interest in one company by another. , a Washington corporation and a Smartsheet stock gained 6% to $55. Jul 18, 2024 · Smartsheet , a U. Sep 16, 2024 · NEW YORK (Reuters) - Buyout firms Vista Equity Partners and Blackstone are in advanced talks to acquire Smartsheet, in a deal that could value the collaboration-software maker at close to $8 Smartsheet has agreed to be taken private by Blackstone and Vista Equity Partners in an all-cash transaction valued at about $8. Nov 14, 2024 · Smartsheet's acquisition by a Blackstone-led consortium is progressing. Smartsheet emerging as favorable acquisition target. , – January 22, 2025 – Smartsheet, the AI enhanced enterprise grade work management platform, today announced the completion of its acquisition by funds managed by Blackstone and Vista Equity Partners (“Vista”) in a transaction valued at approximately $8. Sep 24, 2024 · Zinger Key Points. 4B deal could fuel other private equity buyouts Smartsheet announced Tuesday that it Jan 21, 2025 · Smartsheet, a cloud-based work management platform, is being taken private by a consortium of investors in a cash transaction valued at $8. 4 billion and ceased Smartsheet's trading on the New York Stock Exchange. While we strive to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliabilit y, Sep 26, 2024 · Smartsheet’s merger agreement includes a 45-day “go-shop” period ending November 8, 2024, allowing for alternative acquisition proposals. 37 in afternoon trading. Oct 1, 2024 · Blackstone and Vista’s strategic acquisition. 4 billion. 50ドルの現金を受け取ることになっている。 Jul 18, 2018 · Partners Learn about the Smartsheet partner program and access our partner directory. Smartsheet, which launched in 2005 and went public in 2018, makes cloud-based Sep 24, 2024 · Smartsheet CEO Mark Mader. 4 billion acquisition by Blackstone and Vista Equity Partners on Wednesday, capping off Jan 9, 2025 · Blackstone and Vista Equity Partners Management's acquisition of Smartsheet was cleared by the European Commission, the regulator said Thursday. 10000ft might have the biggest impact of [Smartsheet’s three recent] acquisitions, given the degree to which it Sep 26, 2024 · Steve Enders has given his Hold rating due to a combination of factors surrounding Smartsheet’s recent acquisition agreement. 5% premium over the company’s last closing price before the announcement and a 41% premium over its 90-day volume-weighted average stock price as of Nov 27, 2019 · Partners Learn about the Smartsheet partner program and access our partner directory. , a Delaware corporation (Parent ), and Einstein Merger Sub, Inc. 4 billion all-cash transaction. In an acquisition, the buyer’s brand and identity usually remain largely unchanged, while the purchased company’s brand and identity may disappear. The stock rose 6. (Smartsheet Photo) Seattle-area enterprise software giant Smartsheet is in acquisition talks with a group May 16, 2019 · Friendly vs. , September 24, 2024--Smartsheet to be Acquired by Blackstone and Vista Equity Partners for $8. Jul 19, 2024 · Smartsheet acquisition: Competing bids unlikely; $8. Jan 22, 2025 · Smartsheet Inc (SMAR), a leading AI-enhanced enterprise-grade work management platform, announced the completion of its acquisition by Blackstone and Vista Equi Strategic Acquisition Aims to Enhance Collaborative Work Management Solutions and Global Reach Sep 2, 2022 · (RTTNews) - Smartsheet Inc. Más información; Eventos de Smartsheet El punto de convergencia donde podrá mantenerse al día sobre eventos, seminarios web, sesiones de preguntas y respuestas, y los grupos de usuarios de Smartsheet. Include screenshots and as many details as you can when asking questions or providing an answer. com. The Jan 16, 2018 · Following Smartsheet’s recent unveiling of new automation features to accelerate workplace productivity, the Converse. 50 per Smartsheet Inc. While we strive to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the Dec 9, 2024 · The firm has also expressed that the proposed acquisition of Smartsheet by Vista Equity Partners and Blackstone (NYSE: BX) is likely to proceed. With interest rates having declined by 50 bps, the acquisition reflects a broader rebound in private equity-backed acquisitions, which rose 39% in the U. Smartsheet stock has gained 11% in 2024 amid speculation over a buyout. The deal was valued at approximately $8. What was the role of the $2. The agreement includes a 45-day “go-shop” period during which Smartsheet and its advisers seek alternative acquisition proposals from certain third parties and possibly enter into talks with other parties that make alternative offers. Smartsheet Jan 21, 2025 · Blackstone and Vista Equity Partners Complete Acquisition of Smartsheet. Sep 24, 2024 · Smartsheet (NYSE:SMAR) rose 6% in premarket trading after the collaboration software maker agreed to be sold to private equity firms Vista Equity Partners and Blackstone for $8. Sep 24, 2024 · Under the terms of the deal, Blackstone and Vista Equity would acquire Smartsheet for $56. maker of workplace collaboration software with a market Sep 5, 2024 · A consortium led by Vista Equity Partners and Blackstone is negotiating to acquire Smartsheet, a workplace collaboration software maker valued at $7 billion. By aligning people and technology so organizations can move faster and drive innovation, Smartsheet enables its millions of users to Dec 9, 2024 · Smartsheet “announced that Smartsheet shareholders overwhelmingly approved the Merger Proposal for the Company’s proposed acquisition by funds managed by Blackstone and Vista Equity Partners Feb 15, 2019 · Management Acquisition: Also called a management buyout, this is a type of acquisition in which a company’s existing management buys the company from the existing private owners or the parent company. Sep 24, 2024 · Learn how Smartsheet’s $8. Learn more. Market analysts suggest that other technology giants—such as Amazon, Google, Zoom, and Oracle—as well as other private equity firms, could have been potential Sep 16, 2024 · Two private equity firms are in advanced talks to acquire software maker Smartsheet (), according to a report. 4 billion in cash at $56. Acquisitions may be either friendly or hostile. -based publicly-traded work collaboration software company has swooped up Slope, a small Seattle startup founded Oct 25, 2017 · The Smartsheet platform makes it easy to plan, capture, manage, and report on work from anywhere, helping your team be more effective and get more done. Learn more Jan 29, 2025 · Implications of Smartsheet’s transition to private ownership; Analysis of how the acquisition impacts stakeholders, industry trends, and competitors; The News: Blackstone and Vista Equity Partners have wrapped up their $8. 50 per share, a price reflecting an 8. Working with investment bankers, Smartsheet is reviewing possible offers. Sep 24, 2024 · Beginning as of the date of the Merger Agreement and continuing until 11:59 p. m. May 2, 2019 · In addition, 10,000ft’s technology significantly strengthens Smartsheet’s value proposition for customers in the marketing and professional services segments and complements Smartsheet’s content collaboration technology (digital asset proofing and mark-up) acquired via the acquisition of Slope in January 2019. Jun 18, 2024 · Partners Learn about the Smartsheet partner program and access our partner directory. Dec 9, 2024 · Smartsheet Shareholders Approve Acquisition by Blackstone and Vista Equity Partners. 4B deal could fuel other private equity buyouts. , according to people Partners Learn about the Smartsheet partner program and access our partner directory. Jan 23, 2025 · Funds managed by Blackstone and Vista Equity Partners have completed their acquisition of Bellevue enterprise work-management platform Smartsheet in a transaction valued at about $8. Additionally, the OCAO uses Data Shuttle by Smartsheet to upload acquisition and contract data from more than 50 data sources into Smartsheet Gov every two weeks. Jan 17, 2025 · The Acquisition is expected to be completed in Q4 of the SMARTSHEET INC fiscal year ending January 31, 2025. Mader first joined Smartsheet Hi everyone - welcome to the Smartsheet subreddit! Ask questions about the product, features, best practices, industries, integrations, workarounds, and anything else Smartsheet or project management related. Sep 24, 2024 · Smartsheet investors will get $56. -based enterprise software giant completed its $8. 4 billion acquisition of software maker Smartsheet Inc. 50, Eminence Capital stands to make approximately $90 million, a 60% gain in just two years. Smartsheet officially goes private, completes acquisition by Blackstone and Vista Equity Partners. Upon completion of the transaction, Smartsheet will continue to operate under its current name and brand but will be delisted from the NYSE. Smartsheet, which launched in 2005 and went public in 2018, makes cloud-based Sep 24, 2024 · During this period, Smartsheet and its advisors will be permitted to actively solicit alternative acquisition proposals from certain third parties, and potentially enter into negotiations with Sep 14, 2020 · Smartsheet paid $155 million for the acquisition, subject to certain adjustments, with a combination of cash and stock. Nov 21, 2024 · Blackstone and Vista Equity Partners’ acquisition of Smartsheet marks one of the largest take-private deals of the year. 6 billion, has tapped investment bankers after attracting acquisition interest from buyout firms, according Jan 22, 2025 · BELLEVUE, Wash. 4 billion, the companies said on Tuesday, in the latest sign Jan 22, 2025 · BELLEVUE, Wash. 4 billion acquisition by private equity firms, Vista Equity Partners and Blackstone, due to an undervalued offer that fails to reflect the Company's true potential. Mar 30, 2019 · Partners Learn about the Smartsheet partner program and access our partner directory. Vista Equity Partners and Blackstone are in talks to buy Smartsheet at around $8 billion, according to Reuters. 4 billion purchase price Sep 24, 2024 · The $8. 4 Billion Sep 5, 2024 · Smartsheet CEO Mark Mader at the company’s ENGAGE customer conference in September 2023. Learn more Sep 24, 2024 · Kirkland & Ellis is advising Vista Equity Partners on the $8. Competitors include Asana and Monday. The Bellevue, Wash. 50 per share, representing a 41% premium to the company's 90-day volume-weighted average stock price before reports of a potential Dec 29, 2024 · Smartsheet's acquisition by Blackstone and Vista Equity at $56. The acquisition is supported by Blue Dec 9, 2024 · Smartsheet Shareholders Approve Acquisition by Blackstone and Vista Equity Partners. The commission said it concluded that the Sep 24, 2024 · Private equity firms Blackstone and Vista Equity Partners on Tuesday announced the acquisition of software maker Smartsheet for $8. Sep 18, 2024 · Smartsheet acquisition: Competing bids unlikely; $8. The transaction, initially announced in September 2024 and approved by stockholders in December, allows Smartsheet shareholders to receive $56. , makers of Slope, an application that makes it easy for teams to collaborate on and manage creative work. Smartsheet (NYSE:SMAR) (“Smartsheet” or the “Company”), the AI enhanced enterprise grade work management platform, today announced that Smartsheet shareholders overwhelmingly approved the Merger Proposal for the Company’s proposed acquisition by Sep 5, 2024 · As of the close of regular trading today, Smartsheet had a market cap of $6. The $8. In a hostile acquisition, the acquiring company makes an offer directly to the shareholders without involving the target company’s board. The acquisition price represents a substantial 41% premium over Smartsheet’s average stock price in the months preceding the initial deal rumors. acquisition Existing operational redundancies, and difficulty of eliminating them All nondisclosure, non-competition, and non-solicitation agreements between the company and employees Current issues, like alleged wrongful termination, harassment, discrimination, or other legal cases pending with current or former employee Any articles, templates, or information provided by Smartsheet on the website are for reference only. May 2, 2019 · The terms of the 10,000ft acquisition were not disclosed. 4 billion acquisition by Blackstone and Vista Equity Partners on Wednesday, capping off Aug 1, 2024 · Smartsheet is a strong player in the PWM software space, with a conservative valuation and potential for upside. Funds managed by private equity giant Blackstone (BX) and Vista Equity Partners have completed their acquisition of AI-enhanced enterprise-grade work management platform Smartsheet (SMAR). The acquisition of TernPro, Inc. This potential Follow-up: Smartsheet acquisition: Competing bids unlikely; $8. 5% premium over the company’s last closing price of $52. With Smartsheet now being acquired at $56. The all-cash acquisition will make Smartsheet a private company again, six years after the Bellevue, Wash. 9 billion term loan in financing the acquisition? Jan 22, 2025 · The acquisition could be part of increased tech M&A activity in 2025 after a slowdown over the past few years. A "go-shop" period, allowing Smartsheet to solicit competing bids, ended on November 8th without any alternative offers. Tender Offer: This is a public, open invitation by a prospective acquirer to all shareholders of a publicly traded company. I am currently preparing for the Smartsheet Aligned Solution Professional Certification and would love to hear insights from those who have taken it before. Aug 24, 2020 · Smartsheet will pay approximately $155 million for the acquisition, subject to certain customary adjustments and indemnification obligations, with a combination of cash and stock. Report on key metrics and get real-time visibility into work as it happens with roll-up reports, dashboards, and automated workflows built to keep your team connected and informed. Smartsheet makes cloud-based enterprise Sep 24, 2024 · Smartsheet , opens new tab investors will get $56. 4 billion deal is expected to close in January 2025, and the collaboration software maker has the option to solicit other bids. -- Sep 24, 2024 · :Workplace collaboration software maker Smartsheet will be taken private by Vista Equity Partners and Blackstone in a deal worth $8. 4 billion deal with Vista Equity Partners and Blackstone. Sep 24, 2024 · The latest company information, including net asset values, performance, holding & sectors weighting, changes in voting rights, and directors and dealings. , Pacific time, on November 8, 2024 (the “ Go-Shop Period ”), Smartsheet has the right to, among other things, (1) solicit alternative acquisition proposals, (2) provide information (including non-public information) to third parties in connection therewith Oct 8, 2024 · Smartsheet's lean operating structure, high gross margins, and increasing customer spend make it an attractive M&A target, trending towards profitability. BELLEVUE, Wash. Jan 22, 2025 · Blackstone and Vista Equity Partners completed their $8. . 50 per share in cash. Sep 24, 2024 · Vista Equity Partners and Blackstone have agreed to acquire Smartsheet, the software-as-a-service (SaaS) workplace collaboration platform, for $8. With this data, M2 helped create Sep 24, 2024 · Smartsheet’s acquisition by Blackstone and Vista Equity Partners allows Smartsheet to enter its next phase of growth and customer success, accelerating its vision of modernizing work management for enterprises, globally. The OCAO uses workflow automation in Smartsheet Gov to fleet management tasks, such as managing the large fleet of vehicles used by all NOAA offices. Smartsheet Shareholders Approve Acquisition by Blackstone and Vista Equity Partners. , December 09, 2024--(BUSINESS WIRE)--Smartsheet (NYSE:SMAR) ("Smartsheet" or the "Company Partners Learn about the Smartsheet partner program and access our partner directory. , – Smartsheet (NYSE: SMAR), a leading cloud-based platform for work execution, today announced that it has acquired Seattle-based TernPro, Inc. (Smartsheet Photo) Follow-up: Smartsheet acquisition: Competing bids unlikely; $8. stockholders to vote against the recently proposed $8. Making an impact. Sep 5, 2024 · Smartsheet's shares jumped nearly 10% on the news on Thursday, before trading was briefly halted. S. Buyout companies have show interest in Smartsheet, a U. Strong Financial Foundations. share. With headquarters in Bellevue, Washington, the company is worth $6. May 16, 2019 · Socios Obtenga información sobre el programa de socios de Smartsheet y acceda a nuestro directorio de socios. Sep 5, 2024 · NEW YORK (Reuters) - A private equity consortium including Vista Equity Partners and Blackstone is in talks to acquire Smartsheet, a U. Smartsheet Sep 24, 2024 · During this period, Smartsheet and its advisors will be permitted to actively solicit alternative acquisition proposals from certain third parties, and potentially enter into negotiations with Oct 1, 2024 · Implications of this acquisition extend beyond Smartsheet and Vista Equity and Blackstone. On January 17, 2025, the delisting date of SMARTSHEET INC has been confirmed as January 22, 2025. 50 per share in cash upon the closing of the proposed Acquisition. 4 billion acquisition by Blackstone and Vista Equity Partners could impact your business, and how Lighthouse Consultings can help. 4 billion in cash. Smartsheet to go private in $8. See why SMAR stock is a Buy. How much cash did each Smartsheet shareholder receive? $56. According to 451 Research’s analysis of the acquisition, “In a market space with an undefined – yet even by conservative estimates, significant – addressable market, breadth and depth are the right strategies to look for. The company was involved in acquisition talks and was acquired by Blackstone and Vista Equity Partners for $8. Learn more Jan 15, 2019 · Acquisition will also drive the creation of Smartsheet Accelerators for marketing workflows BELLEVUE, Wash. It signals a growing recognition of the importance of collaborative work solutions in today's business Smartsheet is a private company again. Sep 24, 2024 · During this period, Smartsheet and its advisors will be permitted to actively solicit alternative acquisition proposals from certain third parties, and potentially enter into negotiations with other parties that make alternative acquisition proposals. Learn more BELLEVUE, Wash. Mar 14, 2019 · Partners Learn about the Smartsheet partner program and access our partner directory. 4 billion purchase price Nov 21, 2024 · Blackstone and Vista Equity Partners’ acquisition of Smartsheet marks one of the largest take-private deals of the year. 50 per share in cash, an 8. Sep 5, 2024 · A private equity consortium including Vista Equity Partners and Blackstone is in talks to acquire Smartsheet , a U. See all events; ENGAGE Smartsheet ENGAGE brings together our global customers, experts, and partners to share their experiences, ideas, and best practices. Learn more; Smartsheet events Your hub for Smartsheet events, webinars, Q&As, and user groups. Sep 24, 2024 · The merger agreement includes a 45-day “go-shop” period, ending on November 8, 2024, during which Smartsheet and its advisors can actively seek alternative acquisition proposals. , the makers of Slope, positions Smartsheet to extend its category leadership position and bring transformative technology to leaders, teams, and organizations through enhanced content capabilities. Learn more Sep 24, 2024 · The acquisition will see Smartsheet shareholders receiving $56. ljcleujsfrkhuzdvinvvcsiaaqksuswhgltwlsmghloytfrpeptqachhvajqzytiwaotpir