Buyers Edge Platform Acquires The Full Range and Delta Procurement
April 18, 2024
Buyers Edge Platform, a U.S.-based foodservice software and analytics company, acquired two UK group purchasing organizations: The Full Range and Delta Procurement, as part of a broader push to expand its European footprint. The transactions follow a $425 million preferred equity investment from General Atlantic Credit, Blackstone Tactical Opportunities, and Morgan Stanley Tactical Value and are intended to accelerate Buyers Edge Platform's strategy to build a large digital procurement network across Europe.
- Buyers
- Buyers Edge Platform
- Targets
- The Full Range, Delta Procurement
- Platforms
- Buyers Edge Platform
- Industry
- Food & Beverage
- Location
- United Kingdom
- Transaction Type
- Addon
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General Atlantic Credit, Blackstone and Morgan Stanley Invest $425M in Buyers Edge Platform
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Buyers Edge Platform secured a $425 million preferred equity investment led by General Atlantic Credit’s Atlantic Park fund, alongside Blackstone Tactical Opportunities and Morgan Stanley Tactical Value. The financing will fund platform innovation, strategic M&A and European expansion; institutional investor Bregal Sagemount will exit its minority stake while founder John Davie increases his majority ownership.
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