Blackstone Completes Acquisition of International Market Centers, Inc.
HIGH POINT, NC / LAS VEGAS, NV • Tuesday, September 26, 2017 • Blackstone announced today that funds managed by Blackstone Real Estate Partners and Blackstone Tactical Opportunities completed the previously announced acquisition of International Market Centers, Inc. (“IMC”), the world’s largest owner and operator of premier showroom space for the furnishings, home decor and gift industries, from Bain Capital Private Equity, L.P. and funds managed by Oaktree Capital Management, L.P. Fireside Investments also partnered with Blackstone on the acquisition.
IMC is the world’s largest owner and operator of premier showroom space for the furnishings, home decor and gift industries, with 12.2 million square feet of world-class exhibition space in High Point, NC and Las Vegas, NV catering to over 2,000 exhibitors. The Company’s mission is to build and operate an innovative, sustainable, profitable and scalable platform for the furnishings, home decor and gift industries.
Blackstone is one of the largest real estate investors in the world, with over $104 billion of assets under management across its opportunistic, core+, private REIT and debt funds and has made investments with a total enterprise value of over $4 billion in Las Vegas since 2013. Blackstone plans to support the continued growth of the company and has significant financial capacity to invest additional capital for future re-development, development and acquisition opportunities.
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