Buyout (LBO, MBO, MBI) • Information Technology

Bluestone Equity Partners Acquires PMY Group

On July 28, 2023, private equity firm Bluestone Equity Partners acquired information technology company PMY Group

Acquisition Context
  • This is Bluestone Equity Partners’ 1st transaction in the Information Technology sector.
  • This is Bluestone Equity Partners’ 1st transaction in Australia.

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M&A Deal Summary

Date July 28, 2023
Target PMY Group
Sector Information Technology
Buyer(s) Bluestone Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

PMY Group

Melbourne, Australia
PMY Group provides technology solutions to venues, events, and sporting organizations with independent advice to support their technology needs. The group has offices located in Australia, USA, UK, Europe, and Asia. Its current and recent clients include SoFi Stadium, Allegiant Stadium, Mercedes Benz Stadium, New York Mets, New York City FC, US Tennis Association, consecutive Olympic Organizing Committees, 2020, 2024, 2028, Principality Stadium, Wimbledon, The Open Championship, UEFA, Fulham, the England & Wales Cricket Board, Melbourne Olympic Park (Australian Open), Australian Turf Club, Sydney Motorsport Park, and Sydney Showground Stadium. PMY Group was formed in 2009 and is based in Melbourne.
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Buyer Overview 1

DESCRIPTION

Bluestone Equity Partners is a private equity firm focused on businesses in the sports, media, and entertainment industries. The Firm seeks long-term partnerships with established and growing companies and will consider both minority and control situations. Bluestone Equity Partners was founded in 2022 and is based in New York, New York.


Deal Context for Buyer #
Overall 1 of 4
Sector: Information Technology 1 of 1
Type: Buyout (LBO, MBO, MBI) 1 of 1
Country: Australia 1 of 1
Year: 2023 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 RWS Global

New York, New York, United States

RWS Global is a provider of live shows, destinations and immersive experiences across the hospitality, leisure, theatrical, corporate, retail and sports sectors. RWS Global is based in New York.

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