Energy Exemplar, a global provider of energy market simulation software, announced it has agreed to be acquired by private equity funds affiliated with Blackstone (Blackstone) and Vista Equity Partners (Vista). With the backing of Blackstone and Vista, Energy Exemplar gains new resources to help accelerate growth and drive platform innovation in support of grid reliability and the…
R Systems, a leading digital product engineering company, announced that it has signed definitive agreements to acquire Velotio, an India-based product engineering and digital solutions provider. With a team of over 300 engineers, Velotio combines complex engineering, data expertise, cloud-native, and design capabilities to build innovative products for global customers, including NASDAQ-listed enterprises, and high-growth…
Blackstone, the world’s largest alternative asset manager, announced that private equity funds managed by Blackstone (Blackstone) have acquired International Gemological Institute (“IGI”) from Shanghai Yuyuan Tourist Mart (Group) Co., Ltd., a subsidiary of Fosun, and Roland Lorie, who belongs to the founding family. Founded in 1975 in Antwerp, IGI is a global leader in independent…
Allcargo Logistics Ltd, an Allcargo Group company, an India‐born global logistics conglomerate, has announced the conclusion of its sale of a part of its logistics parks portfolio to global private equity investor Blackstone Group (Blackstone). This is in line with the agreement signed earlier, which has now been consummated with signing of Share Purchase Agreement…
Blackstone announced that private equity funds managed by Blackstone (Blackstone) have signed definitive agreements with Satinder Singh Rekhi and other current promoters to purchase a majority stake in R Systems International Limited (R Systems). R Systems, founded in 1993 by Satinder Singh Rekhi, is one of the leading providers of digital Information Technology services, specializing…
Blackstone announced that funds managed by Blackstone Energy Partners (Blackstone) have committed $400 million to lead a strategic investment in Xpansiv Limited (Xpansiv), the premier market-infrastructure platform for global carbon and environmental commodities. Xpansiv connects buyers and sellers of environmental commodities and provides market data for voluntary carbon offsets, renewable energy credits (RECs), and low-carbon…
Global investment firm Blackstone announced that funds managed by Blackstone Capital Partners have signed a definitive agreement with EQT VII fund (EQT Private Equity) and KHF to acquire a majority stake in VFS Global. EQT Private Equity will remain indirectly invested in the Company with a minority position alongside Blackstone. Blackstone, as majority shareholder, and…
Global investment firm Blackstone has roped in Amisha Parekh as Global Head of ESG for Private Equity. Parekh will be a Managing Director sitting within the firm’s Portfolio Operations group to lead ESG diligence, policy development and strategy, and reporting for all businesses in our Private Equity reporting segment. Parekh’s hire represents Blackstone’s continued commitment…
Simpli.fi, a programmatic advertising and agency management software company, announced that private equity funds managed by Blackstone have completed the previously announced significant equity investment in the company. Blackstone joins existing investor GTCR, a leading private equity firm, as majority shareholders in the company. The investment, made through Blackstone’s flagship private equity vehicle, values the…
Blackstone, an alternative investment management company, announced the appointment of Frederic Kerrest, Executive Vice Chairman, Chief Operating Officer, and Co-Founder of Okta – an independent provider of identity systems for businesses and organizations – as a Senior Advisor. He will bring his extensive experience as an entrepreneur and as an enterprise software executive to advise…
Alternative asset manager Blackstone announced three new senior leaders in Blackstone Credit, the firm’s $163 billion credit business. Carlos Whitaker joins from Credit Suisse and will serve as President of both BCRED and BXSL. Kate Rubenstein will move from Blackstone’s Portfolio Operations Group and will be Chief Operating Officer of both BCRED and BXSL. Chris…
Blackstone announced the appointment of Hubert Larenaudie, the former President and COO of Video Game Developer Voodoo, who has more than two decades of experience in the software industry, as a Senior Advisor. Larenaudie will provide advice on investment opportunities and industry trends across the firm’s businesses, the statement said. Jon Korngold, Global Head of Blackstone Growth (BXG),…
Global investment firm Blackstone has appointed investment professionals Ramzi Ramsey and Mike Kirkman as Managing Directors. They will work across the firm’s Blackstone Growth (BXG) and Tactical Opportunities (Tac Opps) businesses and will be based in San Francisco, the statement said. Ramsey will focus on enterprise software and financial technology investments and Kirkman will focus…
Hello Sunshine, the mission-driven media company that puts women at the center of every story it creates, founded by Reese Witherspoon in 2016, today announced a definitive agreement for a majority investment from a newly formed company run by leading entertainment executives Kevin Mayer and Tom Staggs and backed by investment capital from Blackstone, a…
Blackstone, the world’s leading alternative asset manager, announced that Stevi Petrelli has joined the firm as Head of Blackstone Innovations Investments (BXI Investments) where she will be responsible for overseeing the firm’s internal investments in early-stage PropTech, Enterprise Tech, Cybersecurity and FinTech companies. She has joined as a Managing Director and, in this newly created…