Buyers Edge Platform raised $425M in a preferred equity investment led by General Atlantic Credit’s Atlantic Park Fund, alongside Blackstone Tactical Opportunities and Morgan Stanley Tactical Value to support its continued growth initiatives.

Apr 08, 2024•over 1 year ago

Amount Raised

$425 Million

WalthamHospitality

Investors

Morgan Stanley Tactical ValueBlackstone Tactical OpportunitiesGeneral Atlantic Credit’s Atlantic Park Fund

Description

Buyers Edge Platform announced a $425M preferred equity investment from a consortium led by General Atlantic Credit’s Atlantic Park fund, alongside funds managed by Blackstone Tactical Opportunities and investment funds managed by Morgan Stanley Tactical Value. The investment will be used to support the execution of its continued growth initiatives, including platform innovation, strategic M&A, and European expansion.

Company Information

Company

Buyers Edge Platform

Location

307 WAVERLEY OAKS ROAD, SUITE 401

Waltham, Massachusetts, United States

About

Buyers Edge Platform is the foodservice procurement platform providing data-driven insights and technology to the foodservice industry. Buyers Edge Platform connects entities throughout foodservice and empowers them to run their businesses more efficiently by leveraging data and analytics. Buyers Edge Platform's mission is to drive the foodservice industry from manual to automated with programs that benefit all stakeholders across the supply chain.

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Funding Insights

Based on industry data

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