M&A Deal Summary

The Blackstone Group Acquires NetBrain

On July 22, 2025, private equity firm The Blackstone Group acquired software company NetBrain from Summit Partners for 750M USD

Acquisition Highlights
  • This is The Blackstone Group’s 15th transaction in the Software sector.
  • This is The Blackstone Group’s 121st largest (disclosed) transaction.
  • This is The Blackstone Group’s 224th transaction in the United States.
  • This is The Blackstone Group’s 10th transaction in Massachusetts.

M&A Deal Summary

Date 2025-07-22
Target NetBrain
Sector Software
Buyer(s) The Blackstone Group
Sellers(s) Summit Partners
Deal Type Secondary Buyout
Deal Value 750M USD

Target

NetBrain

Burlington, Massachusetts, United States
NetBrain is a provider of the first map-driven network automation solution. Hundreds of enterprises rely on NetBrain’s unique map-driven automation software to accelerate troubleshooting and prevent network outages. Netbrain was founded in 2004 and is based in Burlington, Massachusetts.

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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 394.0B 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, New York.


DEAL STATS #
Overall 355 of 362
Sector: Software M&A 15 of 15
Type: Secondary Buyout M&A Deals 86 of 90
State: Massachusetts M&A 10 of 11
Country: United States M&A 224 of 230
Year: 2025 M&A 9 of 16
Size (of disclosed) 121 of 183
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-19 TXNM Energy

Albuquerque, New Mexico, United States

TXNM Energy is an energy holding company that serves electricity to more than 730,000 homes and businesses in New Mexico and Texas. TXNM Energy was founded in 1882 and is based in Albuquerque, New Mexico.

Buy $11.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-06 Enverus

Austin, Texas, United States

Enverus is a data, software, and insights company focused on the energy industry. The Company’s products are used by engineers, executives, investors, and accountants to manage a variety of mission critical workflows in the energy world, including asset valuation, asset development, energy production, ESG compliance, strategic sourcing, and back-office automation. Enverus was founded in 1999 and is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 292 of 294
Sector: Software M&A 54 of 54
Type: Secondary Buyout M&A Deals 63 of 64
State: Massachusetts M&A 33 of 34
Country: United States M&A 252 of 254
Year: 2025 M&A 4 of 6
Size (of disclosed) 11 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-14 Dreampath

Strasbourg, France

Dreampath offers a patented suite of traceability solutions and consumables designed to automate and digitally transform the archiving and retrieval of tissue samples in pathology labs. Dreampath was founded in 2012 and is based in Strasbourg, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-01 Philz Coffee

Oakland, California, United States

Philz Coffee operates coffee shops across the Bay Area, Southern California, and Washington, D.C. The company specializes in custom blends and handcrafted drip coffee. Philz Coffee was founded in 2003 and is based in Oakland, California.

Sell $145M