Blackstone Group Nears $2.5B Acquisition Deal With UK Software Developer Civica - Blackstone (NYSE:BX)

▤ Summary

Private equity heavyweight Blackstone Group Inc. BX is reportedly on the verge of a $2.5 billion agreement to acquire Civica, a U.K.-based software developer. What Happened: The deal with Civica, which includes the software developer’s debt, is in its final stages of negotiation, reported The Wall Street Journal. This potential acquisition would be Blackstone’s latest venture in the U.K., following the recent purchases of two hotels and a project to build affordable housing throughout the nation. The Civica acquisition is one of at least two multibillion-dollar deals that Blackstone is currently pursuing in Europe, indicating a rise in private equity activity in the region. Furthermore, Civica’s broad customer base across public sectors and its ability to generate recurring revenue aligns with Blackstone’s investment profile of targeting high-growth, stable cash flow businesses.

▦ Linked Companies

Bx

$1M to $5M