Blackstone este de acord să cumpere Sphera de la Genstar în valoare de 1.4 miliarde de dolari, pe fondul interesului crescând al companiei pentru investițiile ESG

Nodul sursă: 969918

Piatră neagră has agreed to acquire ESG software provider and consultation firm Sphera for $1.4bn from Genstar using its flagship private equity vehicle.

Sphera aims to help organisations surface, manage and mitigate ESG risk in the areas of environment, health, safety and sustainability, product stewardship and operational risk management. It has 3,000 customers in more than 100 countries.

Genstar, which acquired the company in 2016, said it has expanded the Sphera’s geographic and end-market reach as well as its portfolio of cloud-based applications.

Eli Nagler, senior managing director at Blackstone, said, “The increasing importance of environmental, social, governance issues to businesses globally is a key thematic investing focus for Blackstone. Sphera has established itself as a market leader in the ESG software and solutions space, and we’re excited to partner with Paul and this best-in-class management team to continue to accelerate their impressive growth trajectory.”

Martin Brand, head of North American private equity at Blackstone and global co-head of technology investing, added, “Sphera has built world-class technology and is exceptionally well positioned in the fast-growing ESG sector.  We are looking forward to helping Paul and his team accelerate Sphera’s further expansion.”

Piatră neagră made seven senior hire anul acesta să stimularea eforturilor ESG, Inclusiv angajarea veteranului în inginerie și industria construcțiilor Alasdair Cathcart în calitate de consilier principal al Blackstone Energy Partners în mai.

Firma a strâns 8.2 miliarde de dolari pentru fondul său de capital privat de lungă durată anul trecut, făcând fondul Blackstone Core Equity Partners II cu aproximativ 70% mai mare decât predecesorul său.

Drepturi de autor © 2021 AltAssets

Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/blackstone-agrees-1-4bn-sphera-buyout-from-genstar-amid-firms-increasing-interest-in-esg-investment.html

Timestamp-ul:

Mai mult de la Știri AltAssets Private Equity