Blackstone’s funds managed by Blackstone Real Estate Partners and Blackstone Tactical Opportunities have completed the acquisition of International Market Centers from Bain Capital Private Equity and funds managed by Oaktree Capital Management.
Fireside Investments partnered with Blackstone on the acquisition.
International Market Centers is the owner and operator of premier showroom space for the furnishings, home decor and gift industries, with 12.2 million square feet of world-class exhibition space in High Point, NC, and within its World Market Center complex in Las Vegas, catering to over 2,000 exhibitors, Blackstone noted.
“This marks an exciting time for International Market Centers,” said Robert Maricich, IMC CEO. “We look forward to working closely with our new partner, Blackstone, during 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.”