Blackstone to Acquire Vivint for $2B

Vivint and Blackstone BX today announced a definitive agreement under which a fund managed by Blackstone on behalf of its private equity investors, Blackstone Capital Partner VI, L.P. (collectively with its affiliates, “Blackstone”), will acquire Vivint from its existing shareholders, including Goldman Sachs, Peterson Partners, Jupiter Partners and other minority shareholders for in excess of $2.0 billion. Vivint is the largest home automation services company in North America and second largest residential security services provider. As part of the transaction, Blackstone will acquire Vivint Solar, Inc. and 2GIG Technologies, Inc. from its respective shareholders. Vivint Solar is an innovative provider of solar solutions that leverages the power purchase agreement (PPA) model to offer affordable See full press release