Funds managed by affiliates of Blackstone, the world’s largest alternative asset manager, have acquired Civica, a public sector software solutions provider, from private markets firm Partners Group, acting on behalf of clients.
The transaction has completed after securing all necessary regulatory approvals, having initially been announced last November. Financial terms of the transaction have not been disclosed.
Civica was founded in 2001 and has since grown into one of the UK’s largest software companies, providing technology services to over 6,000 customers around the world.
Blackstone was advised by Barclays, Shea & Company, DC Advisory, Simpson Thacher & Bartlett and Kirkland & Ellis. Partners Group was advised by Clifford Chance and Arma Partners. Civica’s management was advised by Arma Partners, Travers Smith and Wyvern Partners.
Read more:Private Equity Wire
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