M&A Deal Summary

The Blackstone Group and TCV Acquire RELEX Solutions

On December 10, 2024, private equity firms The Blackstone Group and TCV acquired software company RELEX Solutions from Summit Partners, TCV and The Blackstone Group

Acquisition Highlights
  • This is The Blackstone Group’s 14th and TCV’s 24th transaction in the Software sector.
  • This is The Blackstone Group’s 2nd and TCV’s 2nd transaction in Finland.

M&A Deal Summary

Date 2024-12-10
Target RELEX Solutions
Sector Software
Buyer(s) The Blackstone Group
TCV
Sellers(s) Summit Partners
TCV
The Blackstone Group
Deal Type Secondary Buyout

Target

RELEX Solutions

Helsinki, Finland
RELEX Solutions is a provider of integrated retail and supply chain planning system that delivers impressive results for customers around the world. Through precise demand forecasting, automated replenishment, revolutionary space planning and assortment optimization, RELEX helps businesses plan better, sell more and waste less however fast the market changes. RELEX Solutions was founded in 2005 and is based in Helsinki, Finland.

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Buyer(S) 2

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, New York.


DEAL STATS #
Overall 339 of 339
Sector (Software) 14 of 14
Type (Secondary Buyout) 81 of 81
Country (Finland) 2 of 2
Year (2024) 18 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-27 JJ Tools

Seoul, South Korea

JJ Tools is a manufacturer of industrial cutting tools. JJ Tools was founded in 1997 and is based in Seoul, South Korea.

Buy -
Buyer

TCV

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


DEAL STATS #
Overall 83 of 83
Sector (Software) 24 of 24
Type (Secondary Buyout) 7 of 7
Country (Finland) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-09 Nasuni

Boston, Massachusetts, United States

Nasuni is a file data services company that helps organizations create a secure, file data cloud for digital transformation, global growth, and information insight. Nasuni was founded in 2009 and is based in Boston, Massachusetts.

Buy -

Seller(S) 3

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 286 of 286
Sector (Software) 52 of 52
Type (Secondary Buyout) 60 of 60
Country (Finland) 1 of 1
Year (2024) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-03 UHY

New York, New York, United States

UHY is an accounting, tax, consulting, and advisory services firm that serves a diverse client base ranging from closely held middle-market companies. UHY was founded in 2000 and is based in New York, New York.

Buy -
SELLER

TCV

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


DEAL STATS #
Overall 84 of 84
Sector (Software) 23 of 23
Type (Secondary Buyout) 8 of 8
Country (Finland) 1 of 1
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-09 Nasuni

Boston, Massachusetts, United States

Nasuni is a file data services company that helps organizations create a secure, file data cloud for digital transformation, global growth, and information insight. Nasuni was founded in 2009 and is based in Boston, Massachusetts.

Buy -
SELLER

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, New York.


DEAL STATS #
Overall 174 of 174
Sector (Software) 7 of 7
Type (Secondary Buyout) 22 of 22
Country (Finland) 1 of 1
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-27 JJ Tools

Seoul, South Korea

JJ Tools is a manufacturer of industrial cutting tools. JJ Tools was founded in 1997 and is based in Seoul, South Korea.

Buy -