Blackstone Completes Acquisition of International Data Group, a Leading Market Intelligence and Data Platform for the Technology Industry
17 Novembre 2021 - 12:30PM
Business Wire
Blackstone (NYSE:BX) announced today that private equity funds
managed by Blackstone (“Blackstone”) have completed their
previously announced acquisition of International Data Group, Inc.
(“IDG”) from Oriental Rainbow, LLC, a subsidiary of China Oceanwide
Holdings Group, Co. Ltd. for an enterprise value of $1.3
billion.
For over five decades, IDG has provided market intelligence for
the fast-growing technology industry, delivering proprietary
insights and data for technology suppliers and buyers. The company
operates two subsidiaries, International Data Corporation (IDC) and
IDG Communications (IDGC), focused on delivering proprietary data,
innovative platforms, and trusted content for the $5 trillion
technology industry. IDC is a premier global provider of market
intelligence data and research for the IT, telecommunications, and
consumer technology markets. IDGC combines a proprietary marketing
technology platform and a global portfolio of leading editorial
brands.
Peter Wallace, Global Head of Core Private Equity and Vikram
Suresh, Managing Director at Blackstone, said: “We are very excited
about IDG’s future as the company continues to demonstrate a strong
focus on growth. We look forward to partnering with IDG in the
years ahead to help the company further expand its product
offerings and drive ongoing technology innovation.”
Goldman Sachs & Co. LLC acted as exclusive financial advisor
to IDG, and King & Wood Mallesons and Mintz acted as legal
advisors to IDG. Simpson Thacher & Bartlett LLP served as legal
advisor to Blackstone.
About Blackstone
Blackstone is the world’s largest alternative asset manager. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our $731 billion in
assets under management include investment vehicles focused on
private equity, real estate, public debt and equity, life sciences,
growth equity, opportunistic, non-investment grade credit, real
assets and secondary funds, all on a global basis. Further
information is available at www.blackstone.com. Follow Blackstone
on Twitter @Blackstone.
About International Data Group
International Data Group, Inc. (IDG) is at the heart of
technology, and we believe technology exists to make the world a
better place. IDG has been ingrained in the industry for more than
55 years in every region around the world sharing trusted
technology media, events, and research through IDC and IDG
Communications. IDC’s research, data, advisory services, and events
leverage more than 1,100 analyst experts worldwide to provide
global and local expertise on technology and industry trends in
over 110 countries. Our analysis and insight support IT suppliers,
IT buyers, business executives, and the investment community in
making fact-based technology decisions that help them achieve their
business objectives. IDG Communications is a trusted editorial
voice, creating quality content to generate knowledge, engagement,
and deep relationships with our community of the most influential
technology and security decision-makers. Our premium media brands,
including CIO®, Computerworld®, CSO®, InfoWorld®, Macworld®,
Network World®, PCWorld®, and Tech Hive®, engage a quality audience
with essential guidance on the evolving technology landscape. Our
global brands, proprietary first-party data intelligence, and
Triblio platform enable marketers to easily identify purchase
intent and activate complex campaigns that drive business results.
Additional information about IDG is available at
https://www.IDGInc.com.
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Matt Anderson matthew.anderson@blackstone.com (518) 248-7310
OR
Mariel Seidman-Gati mariel.seidmangati@blackstone.com (917)
698-1674
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