U.S. – Blackstone announced on July 6th that it entered into a definitive agreement to acquire 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, LP and funds managed by Oaktree Capital Management, LP. Financial terms of the transaction were not disclosed.

International Market Centers, Inc. (“IMC”) is the world’s largest owner and operator o for the furnishings, home decor and gift industries, with 12.2 million square feet (3.7 million square meters) of world-class exhibition space in High Point, NC and Las Vegas, NV._ The Company’s mission is to build and operate an innovative, sustainable, profitable and scalable platform for the furnishings, home decor and gift industries.

“This marks an exciting time for International Market Centers,” said Robert Maricich, Chief Executive Officer of IMC. “While Bain Capital and Oaktree have been great partners for the past six years, we look forward to this new relationship and our next phase of growth. Blackstone is a firm with a strong track record of enabling transformational change and shares our long-term vision for the business.” The transaction is expected to close during the third quarter of 2017, and is subject to customary closing conditions.