Bain and Oaktree to sell IMC to Blackstone

Blackstone has agreed to acquire International Market Centers, an owner and operator of showroom space for the furnishings, home decor and gift sectors. The sellers are Bain Capital Private Equity and Oaktree Capital Management. No financial terms were disclosed for the transaction in which Fireside Investment is expected to team up with Blackstone. The deal will likely close during the third quarter of this year. Allen & Company LLC and Kirkland & Ellis LLP advised IMC, Bain Capital and Oaktree while Simpson Thacher & Bartlett LLP served as advisers to Blackstone and Fireside.

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