Blackstone to acquire Civica, terms not disclosed.

Blackstone announced that private equity funds managed by affiliates of Blackstone have entered into a definitive agreement to acquire Civica, a global leader in public sector software solutions, from Partners Group, a leading global private markets firm, acting on behalf of its clients. Financial terms of the transaction were not disclosed. The transaction is expected to close in Q2 2024, subject to regulatory approvals. “Civica is a leader in the ‘GovTech’ space, with an excellent brand and an enviable market position and we are excited to be partnering with a stellar management team to help the business in this next phase of growth. This investment is a testament to our long-standing software experience, a significant focus area for the firm globally, and builds on our strong track record of investing here in the UK,” said Jonathan Murphy, a Managing Director at Blackstone and Miguel Garcia Gomez, a Principal at Blackstone.