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Blackstone to Acquire Majority Stake in Priority Software to boost ERP software market position

PUBLIC · BXMay 16, 2024

Acquiring Company

Blackstone

Acquired Company

Priority Software

New YorkRosh HaAyinFinancial ServicesReal EstateFinanceReal Estate InvestmentInformation TechnologyCommerce and ShoppingFinancial ServicesSoftwareData And AnalyticsPaymentsEnterprise Software

Description

Blackstone Growth and affiliated funds have entered into a definitive agreement to acquire a majority stake in Priority Software, a leading provider of mission-critical business software. Blackstone’s investment will help build on Priority Software’s position at the forefront of the ERP software market and support its further growth across industries and markets.

Quick answer

Blackstone is acquiring Priority Software, announced May 16, 2024. Blackstone is based in New York, New York, United States.

How much did Blackstone pay for Priority Software?
The deal value was not disclosed.
What does Blackstone do?
Blackstone is one of the world's leading investment firms.
Where are Blackstone and Priority Software based?
Blackstone is based in New York, New York, United States. Priority Software is based in Rosh HaAyin, Tel Aviv District, Israel.
Who are the decision-makers at Blackstone?
Fundz holds 4 contacts at Blackstone. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Blackstone

Location

345 Park Avenue

New York, New York, United States

About

Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $649 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone. SOURCE Simplilearn Solutions Private Limited

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Frequently asked

Who acquired Priority Software?

Priority Software was acquired by Blackstone, based in New York. The deal was reported on May 16, 2024. Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Blackstone is publicly traded (BX) and operates in Financial Services.

When did Blackstone acquire Priority Software?

Blackstone's acquisition of Priority Software was reported on May 16, 2024. Blackstone Growth and affiliated funds have entered into a definitive agreement to acquire a majority stake in Priority Software, a leading provider of mission-critical business software. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Priority Software do?

Priority is a leading provider of scalable and agile cloud business management solutions for various industries and organizations of all sizes, from global enterprises to small and growing businesses. It is privately held, operating in Information Technology, and is based in Rosh HaAyin.

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