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Blackstone closes purchase of event technology services provider PSAV

Private equity giant Blackstone Group LP finalized its purchase of event technology services provider PSAV Inc. from Connecticut-based private equity firm Olympus Partners in partnership with affiliates of Goldman Sachs Group Inc.

Goldman Sachs and Morgan Stanley represented PSAV and Olympus in the transaction, with Weil Gotshal & Manges LLP and Kirkland and Ellis LLP providing legal counsel.