Blackstone purchase of Vivint sets record in Utah

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Friday, May 10, 2013

SALT LAKE CITY, Utah—The Mountain West Capital Network, a business networking organization devoted to entrepreneurs, announced that the state of Utah saw more than $11 billion in mergers and acquisitions, public offerings, private equity and venture capital financing transactions in 2012, according to an article from Forbes.

Marquee deals of the year included Vivint’s $2 billion purchase by the Blackstone Group, a transaction that MWCN said was “the largest technology acquisition in Utah history.” Utah’s technology and software sector accounted for the greatest percentage of the 2012 transactions.

The figures were released as part of the MWCN Deal Flow report, an annually published assessment of capital raising and business transactions compiled in Utah, the article noted.