M&A Deal Summary

The Blackstone Group Acquires Priority

On May 16, 2024, private equity firm The Blackstone Group acquired software company Priority from TA Associates

Acquisition Highlights
  • This is The Blackstone Group’s 12th transaction in the Software sector.
  • This is The Blackstone Group’s 1st transaction in Israel.

M&A Deal Summary
Date 2024-05-16
Target Priority
Sector Software
Buyer(s) The Blackstone Group
Sellers(s) TA Associates
Deal Type Secondary Buyout
Advisor(s) Evercore Group (Financial)
Goodwin Procter
Gornitzky & Co.
TA Advisory (Legal)

Target

Priority

Rosh Haayin, Israel
Priority is a fully-integrated, comprehensive ERP software solution serving a wide spectrum of industries and organizations, including multi-national and multi-lingual corporations. Its main modules include: finance, manufacturing, logistics, human resources, time and attendance, payroll, business intelligence, project management and customer service and support. Priority was founded in 1986 and is based in Rosh Haayin, Israel.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 323 of 331
Sector (Software) 12 of 12
Type (Secondary Buyout) 75 of 80
Country (Israel) 1 of 1
Year (2024) 6 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-24 Tropical Smoothie Cafe

Atlanta, Georgia, United States

Tropical Smoothie Cafe is a franchisor of fast-casual cafes with over 1,400 locations in 44 states. It serves smoothies, wraps, sandwiches, and flatbreads across multiple dayparts. Tropical Smoothie Cafe was founded in 1997 and is headquartered in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-06 Seves Group

Tour Egée, Italy

Seves Group manufactures glass and composite insulators for high and medium power transmission and distribution systems, as well as glass blocks for architectural and interior design applications. Seves Group is based in Firenze, Italy.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 255 of 255
Sector (Software) 55 of 55
Type (Secondary Buyout) 49 of 49
Country (Israel) 3 of 3
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-21 SER Group

Bonn, Germany

SER Group is a European enterprise content management solutions (ECM) software company. SER began as a provider of electronic archiving and has grown into a supplier of state-of-the-art ECM solutions to companies throughout Europe. SER Group was founded in 1984 and is headquartered in Bonn, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-01 AlephYa

Dubai, United Arab Emirates

AlephYa is an educational group that owns and operates schools across the GCC. The platform’s approach to education is focused on the five attributes of academic excellence, community, collaboration, heritage, and corporate and social responsibility. AlephYa was formed in 2017 and is based in Dubai.

Buy -
Mergr

Product

Company

Legal