The Blackstone Group L.P said Thursday that funds managed by Blackstone Real Estate Partners and Blackstone Tactical Opportunities have entered into a definitive agreement to acquire International Market Centers, Inc. from Bain Capital Private Equity and funds managed by Oaktree Capital Management (OAK).
Financial terms weren’t disclosed. International Market Centers is an owner and operator of premier showroom space for the furnishings, home decor and gift industries. The transaction is expected to close during Q3, subject to customary closing conditions. Shares were little changed in early afternoon trade.