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Blackstone to acquire GCA Services Group

GCA Services Group, Inc. and Blackstone announced a definitive agreement under which a fund managed by Blackstone on behalf of its private equity investors, Blackstone Capital Partners V, L.P. (collectively with its affiliates, “Blackstone”), will acquire GCA Services Group, a leading facility services company in the U.S., from Nautic Partners, L.L.C. and other minority shareholders.The transaction is expected to close in October subject to certain government approvals and other customary closing conditions. Credit Suisse and Morgan Stanley acted as M&A advisors to Blackstone and are providing financing for the transaction. Simpson Thacher & Bartlett L.L.P. acted as legal counsel to Blackstone. Robert W. Baird & Co. acted as lead financ...[…]