M&A Deal Summary

The Blackstone Group Acquires Sphera Solutions

On July 6, 2021, private equity firm The Blackstone Group acquired information technology company Sphera Solutions from Genstar Capital for 1.4B USD

Acquisition Highlights
  • This is The Blackstone Group’s 19th transaction in the Information Technology sector.
  • This is The Blackstone Group’s 76th largest (disclosed) transaction.
  • This is The Blackstone Group’s 179th transaction in the United States.
  • This is The Blackstone Group’s 8th transaction in Illinois.

M&A Deal Summary
Date 2021-07-06
Target Sphera Solutions
Sector Information Technology
Buyer(s) The Blackstone Group
Sellers(s) Genstar Capital
Deal Type Secondary Buyout
Deal Value 1.4B USD
Advisor(s) Vedder Price P.C. (Legal)

Target

Sphera Solutions

Chicago, Illinois, United States
Sphera Solutions is a global provider of Operational Excellence software and information services with a focus on Operational Risk, Environmental Health & Safety (EH&S), and Product Stewardship. Sphera Solutions is based in Chicago, Illinois.

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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 290 of 336
Sector (Information Technology) 19 of 23
Type (Secondary Buyout) 60 of 80
State (Illinois) 8 of 11
Country (United States) 179 of 211
Year (2021) 16 of 27
Size (of disclosed) 76 of 172
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 CCG

Sarasota, Florida, United States

CCG is a global provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. CCG was founded in 1987 and is based in Sarasota, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 Simplilearn

Bangalore , India

Simplilearn is an online learning ‘bootcamp’ based in India offering digital skills training and courses to working professionals all over the world. Simplilearn was founded in 2010 and is based in Bangalore, India.

Buy -

Seller(S) 1

SELLER

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 56 of 60
Sector (Information Technology) 3 of 3
Type (Secondary Buyout) 21 of 23
State (Illinois) 3 of 3
Country (United States) 50 of 54
Year (2021) 6 of 7
Size (of disclosed) 3 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 2020

Laval, Quebec, Canada

2020 is a provider of computer-aided design, business and manufacturing software tailored for the interior design and furniture industries. The company has developed an unmatched depth of knowledge of interior design and space planning to maintain an unbroken history of the market and thought leadership. Its customers include many of the world’s largest home improvement retailers and manufacturers, as well as tens of thousands of local, independent kitchen and bathroom dealers. 2020 was founded in 1987 and is based in Laval, Quebec.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Foreside

Portland, Michigan, United States

Foreside is a provider of regulatory compliance and distribution solutions to clients in the investment management industry. The Company delivers outsourced services to investment advisers and broker-dealers, including the financial products they manage or distribute. Foreside was formed in 20005 and is based in Portland, Michigan.

Buy -
Mergr

Product

Company

Legal