MergerLinks’ Post

Blackstone, an American alternative investment management company, agreed to acquire Civica, a provider of cloud software solutions, from Partners Group, a private equity firm. Financial terms were not disclosed. "At Civica, our aspiration is to be a 'GovTech' champion, providing software that supports the needs of citizens and those that serve them. In partnership with Partners Group, we have significantly transformed our offering and increased growth momentum across cloud, digital enablement, software innovation, and data analytics. We have also cemented our position as an innovation leader. We now have over two decades of growth to build on and look forward to the next phase of our journey," Lee Perkins, Civica CEO. Civica is advised by Arma Partners, Wyvern Partners and Travers Smith. Blackstone Group (led by Jonathan Murphy) is advised by Barclays and DC Advisory. Partners Group (led by Dave Layton) is advised by Arma Partners and Clifford Chance. #MergersAcquisitionsDivestitures #PrivateEquity #Investing