Private Equity Funds affiliated with The Blackstone Group L.P. (NYSE:BX) agreed to acquire SESAC Holdings, Inc. from Rizvi Traverse Management LLC on January 4, 2017. Jefferies LLC is providing debt financing related to the transaction. As on January 23, 2017, Federal Trade Commission approved the transaction. The transaction is expected to close by the end of the first quarter of 2017. Allen & Company LLC acted as financial advisor while David Antheil, Amanda Lui, Stuart Leblang, David Snyder, Jonathan Pavlich and Eric Wexler of Akin Gump Strauss Hauer & Feld LLP acted as legal advisor to SESAC. Moelis & Company LLC and AGM Partners LLC acted as financial advisors while Kirkland & Ellis LLP acted as legal advisor to Blackstone. The Goldman Sachs Group, Inc. (NYSE:GS) acted as financial advisor to Rizvi Traverse Management LLC.