Blackstone Growth Acquires Majority Stake in Supergoop!

Blackstone Acquires Majority Stake in SPANX

October 20, 2021

Consumer Products

Blackstone (through its Blackstone Growth and Tactical Opportunities businesses) agreed to acquire a majority stake in SPANX, Inc. at a $1.2 billion valuation, with founder Sara Blakely retaining a significant equity stake and becoming Executive Chairwoman. The investment is intended to accelerate SPANX's digital transformation, expand its global footprint, and support product and category growth across e-commerce and retail channels.

Blackstone Tactical Opportunities Acquires Majority Stake in ZO Skin Health

October 5, 2020

Consumer Products

Funds managed by Blackstone Tactical Opportunities have acquired a majority stake in ZO Skin Health, the Irvine, California–based physician-dispensed skincare brand founded by Dr. Zein Obagi. The investment will provide ZO with additional resources to support global growth; financial terms were not disclosed.

Blackstone GP Stakes Acquires Minority Stake in Great Hill Partners

November 12, 2021

Financial Services

Funds managed by Blackstone GP Stakes have acquired a minority ownership interest in Boston-based private equity firm Great Hill Partners. The minority investment is intended to support Great Hill’s continued growth and investment strategy; Evercore served as financial advisor to Great Hill while Kirkland & Ellis and Fried Frank served as legal counsel to Great Hill and Blackstone, respectively.

Susquehanna Growth Equity Makes Majority Growth Investment in MediSpend

May 26, 2021

Cloud & SaaS

Susquehanna Growth Equity (SGE) made a majority growth investment in MediSpend, a Portsmouth, New Hampshire–based provider of SaaS compliance solutions for the life sciences industry. The investment will fund product and client expansion across life sciences; Scott Feldman of SGE will join MediSpend’s board alongside CEO Craig Hauben and existing investors Steve Eaton and Dave Cormack. Financial terms were not disclosed.

Blackstone Growth Makes Minority Investment in ISN (ISNetworld)

December 17, 2020

Cloud & SaaS

Funds managed by Blackstone, led by Blackstone Growth (BXG), have made a significant minority investment in ISN (ISNetworld) at a valuation of over $2 billion. The capital will be used to support product innovation and expansion into new markets and geographies, with Blackstone becoming ISN's only outside stockholder while ISN remains employee-owned.

Crux Capital Partners with Superscapes in Growth Investment

February 3, 2020

Environmental Services

Dallas-based private investment firm Crux Capital has partnered with Superscapes, a commercial landscaping design, installation, and maintenance provider in the Dallas–Fort Worth area. The investment provides Superscapes with resources to pursue strategic acquisitions and organizational expansion while CEO Shawn Clayton remains in place.