logo
  

Duchossois To Sell Chamberlain Group To Blackstone - Quick Facts

Duchossois Group agreed to sell Chamberlain Group LLC to private equity funds managed by Blackstone. The transaction values Chamberlain Group at about $5 billion.

Following the close of the transaction, Chamberlain Group would remain a privately held company headquartered in Oak Brook, Ill.

As part of the deal, Duchossois Group will retain meaningful ownership in Chamberlain Group and two seats on Chamberlain Group's Board of Directors following the close of the transaction.

The transaction is expected to close by the end of 2021, subject to regulatory approvals and customary closing conditions.

Blackstone is expected to provide additional resources and expertise for Chamberlain Group to scale its software-based and connected services business into new markets.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Kraft Heinz is recalling around 5,760 cases of Capri Sun Wild Cherry Flavored Juice Drink Blend beverages due to potential for chemical contaminants, the U.S. Food and Drug Administration said. The recall involves 6.6 FL OZ Capri Sun Wild Cherry Flavored Juice Drink Blend in individual foil pouches packed in paperboard cartons. Delta Air Lines is set to resume flights on its routes between the U.S. and Japan from October 30, 2002 in anticipation of easing of COVID-19-related travel restrictions, which were put in place two years ago. The airline joins American Airlines and United Airlines, who have reportedly announced the resumption of flights to Japan. Tech major Apple Inc. has asked corporate employees to return to offices at least three days a week by September 5, Bloomberg reported. The latest deadline was issued following several delays to its previous deadlines amid a resurgence in COVID-19 cases. As per the report, the company will require employees to work from offices on Tuesdays, Thursdays and a regular third day to be determined by...
Follow RTT