By Ben Motamed, Archie Clarke, Emmanuel Olowe and Charlie Bark (Durham University), Alvaro Aguilar De Nalda (ESADE); Ishan Panchal, Aaryan Kochhar, Lachlan Thomas, Oliver Moses and Zac Zaga (Monash University) Photo: Jeffery Blum (Unsplash) Overview of the deal Acquirer: Blackstone (BXPE) Target: Champions Group Previous Investor: Odyssey Investment Partners Total Transaction Size: $2.50B EV/EBITDA: ~18x Debt Financing: >$1.0 billion (Private Credit, SOFR + 4.5%) Announcemen