Interior Logic Group Holdings, which provides interior finish and design technology solutions for homebuilders, withdrew its plans for an initial public offering on Friday. It was announced earlier this week that the company would be acquired by Blackstone (NYSE: BX) for $1.6 billion. It originally filed in January 2021 with a proposed deal size of $100 million.
The Irvine, CA-based company was founded in 2013 and booked $1.7 billion in revenue for the 12 months ended September 30, 2020. It had planned to list on the Nasdaq under the symbol ILG. Citi, Goldman Sachs, BofA Securities, Baird, Evercore ISI, Jefferies, RBC Capital Markets, Stephens Inc., Truist Securities and UBS Investment Bank were set to be the joint bookrunners on the deal.
