Blackstone and Vista Equity Partners Acquire Ellucian

Blackstone Acquires Civica from Partners Group

November 22, 2023

Software

Blackstone has entered into a definitive agreement (closed May 2, 2024) to acquire Civica, a global leader in public‑sector software, from Partners Group. The buyout will support Civica's next phase of growth and global expansion across government, health and education markets; financial terms were not disclosed.

Ellucian Acquires Tribal Group plc

October 5, 2023

Software

Ellucian has agreed to acquire UK-based Tribal Group plc in an all-cash transaction valuing Tribal's issued and to-be-issued ordinary share capital at approximately £159 million (enterprise value ~£172 million). The deal, unanimously recommended by Tribal’s board, will expand Ellucian’s global reach and product capabilities for tertiary education ERP/CRM and accelerate SaaS adoption for education customers worldwide; it is pending regulatory and shareholder approvals.

Vista Equity Partners Invests in BetterCloud

June 9, 2022

Cloud & SaaS

Vista Equity Partners made a strategic growth investment in BetterCloud, the SaaS management platform provider, to accelerate product innovation, geographic expansion, and go-to-market growth. Existing investors including Accel, Bain Capital Ventures and Warburg Pincus will remain as minority stakeholders.

Blackstone to Acquire Majority Stake in VFS Global from EQT Private Equity

October 7, 2021

Government & Public Sector

Private equity funds managed by Blackstone have signed a definitive agreement to acquire a majority stake in VFS Global from EQT Private Equity, with EQT retaining a minority position alongside the Kuoni and Hugentobler Foundation. VFS Global, headquartered in Zurich and Dubai, is the world's largest visa outsourcing services provider; Blackstone said it will help accelerate the company's digitization, expand into adjacent services, and capitalize on the global travel recovery. The transaction was expected to close by Q1 2022.

Vista Equity Partners Acquires Black Mountain Systems

May 29, 2019

Software

Vista Equity Partners has agreed to acquire Black Mountain Systems, a San Diego–based provider of workflow and portfolio management software for credit investors and alternative asset managers. The transaction will see Stone Point Capital exit its investment and provides Black Mountain with capital and resources to accelerate product development, international expansion and growth under Vista's ownership.

Insight Venture Partners Acquires Bullhorn from Vista Equity Partners

October 23, 2017

Cloud & SaaS

Insight Venture Partners is purchasing the shares of Bullhorn owned by Vista Equity Partners to fund Bullhorn's next phase of growth. The investment will be used to accelerate product development, expand the company's global footprint, and support continued growth of Bullhorn's cloud-based staffing and recruiting platform.