Investment Summary

The Blackstone Group and Vitruvian Partners Invest In Xpansiv

On July 6, 2022, private equity firms The Blackstone Group and Vitruvian Partners invested in internet software and services company Xpansiv

Investment Highlights
  • This is The Blackstone Group’s 18th and Vitruvian Partners’ 17th transaction in the Internet Software and Services sector.
  • This is The Blackstone Group’s 194th and Vitruvian Partners’ 8th transaction in the United States.
  • This is The Blackstone Group’s 21st and Vitruvian Partners’ 1st transaction in New York.

Investment Summary
Date 2022-07-06
Target Xpansiv
Sector Internet Software and Services
Investor(s) The Blackstone Group
Vitruvian Partners
Deal Type Growth Capital
Advisor(s) Perella Weinberg Partners (Financial)
Morrison & Foerster
Clifford Chance (Legal)

Target

Xpansiv

New York, New York, United States
Xpansiv is the premier market infrastructure platform for global carbon and environmental commodities. Xpansiv connects buyers and sellers of environmental commodities and provides market data for voluntary carbon offsets, renewable energy credits (RECs), and low-carbon fuels, each of which is critical elements of global decarbonization. Xpansiv was founded in 2016 and is based in New York City.

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Investor(S) 2

Investor

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 310 of 337
Sector (Internet Software and Services) 18 of 23
Type (Growth Capital) 31 of 35
State (New York) 21 of 22
Country (United States) 194 of 211
Year (2022) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-24 Kensington Mortgages

Maidenhead, United Kingdom

Kensington Mortgages is a specialist residential mortgage lender providing mortgages via brokers to borrowers with complex incomes. It uses proprietary technology, data analytics, and insight to design products and make lending decisions, focusing on the self-employed and customers who have multiple or variable incomes. Kensington Mortgage was formed in 1994 and is based in North Yorkshire.

Sell £2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-14 Service King Collision Repair Centers

Richardson, Texas, United States

Service King Collision Repair Centers is a regional multi-shop operator of collision repair facilities in the country, dedicated to offering customers an overall superior service experience. Service King Collision Repair Centers was founded in 1976 and is based in Richardson, Texas.

Sell -
Investor

Vitruvian Partners

London, United Kingdom
Category Private Equity Firm
Founded 2006
PE ASSETS 8.5B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Vitruvian Partners is an independent private equity firm that specializes in middle-market buyouts, growth buyouts and growth capital investments in the UK and elsewhere in Northern Europe. Vitruvian looks for companies that are 'operating in dynamic situations, where there is an opportunity to build strategic value'. The Group's target investment size is £25 to £150 million in transactions valued up to £500 million. Sectors of interest include business services, consumer services, financial services, life science, healthcare services, media, technology, communications, and internet software. Vitruvian Partners was formed in 2006 and is based in London.

DEAL STATS #
Overall 59 of 67
Sector (Internet Software and Services) 17 of 18
Type (Growth Capital) 16 of 19
State (New York) 1 of 1
Country (United States) 8 of 11
Year (2022) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-20 Bambuser

Stockholm, Sweden

Bambuser is a software company specializing in interactive live video streaming. The company's primary product, Live Video Shopping, is a cloud-based software solution that is used by customers such as global e-commerce and retail businesses to host live shopping experiences on websites, mobile apps, and social media. Bambuser was founded in 2007 and has its headquarters in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 Outpost24

Karlskrona, Sweden

Outpost24 is a vulnerability management company providing solutions to help users identify and mitigate weaknesses in their network. Outpost24 offers real-time vulnerability alerts and solution-based reports that facilitate the instant recognition of imminent threats. Outpost24 was founded in 2001 and is based in Karlskrona, Sweden.

Buy -
Mergr

Product

Company

Legal