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Blackstone closes Vivint transaction

Blackstone has closed the previously announced acquisition of Vivint.

Blackstone Capital Partners VI, a fund managed by Blackstone on behalf of its private equity investors, acquired Vivint for in excess of USD2bn.

The acquisition includes three primary assets: Vivint, one of the largest home automation services companies and the second largest residential security services provider in North America; Vivint Solar, the fastest growing solar company in the US using power purchase agreements to provide affordable solar solutions to residential consumers across North America; and 2GIG Technologies, which creates security and automation equipment for the residential and small commercial markets.

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