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Blackstone to acquire Alliance Data for $7.8bn18/05/2007. Source: AltAssets. 
 The Blackstone Group has agreed to acquire Alliance Data Systems Corporation, a Dallas-headquartered provider of loyalty and marketing solutions derived from transaction-rich data, in a transaction valued at approximately $7.8bn, including the assumption of debt. The investment will be made from Blackstone's new fund, Blackstone Capital Partners V, which is expected to close on more than $20bn later this year.
Blackstone will acquire all of the outstanding common stock of Alliance Data for $81.75 per share in cash. The purchase price represents a premium of approximately 30 per cent over Alliance Data's closing share price of $62.96 on 16 May 2007, according to a statement.
The Alliance Data board has approved the agreement and has recommended that Alliance Data stockholders adopt the agreement.
Chip Schorr, a senior managing director at Blackstone, said, 'Alliance Data is a true leader in loyalty and marketing solutions and we believe that management's demonstrated track record of continued growth combined with Blackstone's investment expertise and industry experience will create a powerful partnership. We are excited about the opportunity to work together with management and with Alliance Data's dedicated employees to help continue to grow the business and further strengthen the company's competitive position.'
Blackstone's alternative asset management businesses include the management of corporate private equity funds, real estate opportunity funds, funds of hedge funds, mezzanine funds, senior debt funds, proprietary hedge funds and closed-end mutual funds.
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