Billion dollar deal

Blackstone has announced that private equity funds managed by 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.

ILG 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. The company delivers to homebuilders and prospective homeowners critical information and support during the journey of moving into a new home, and utilizes technology, data, design expertise and supplier relationships to help enable buyers to complete their home purchases.