Blackstone Growth Makes Minority Investment in ISN (ISNetworld)
December 17, 2020
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.
- Buyers
- Blackstone Growth (BXG) / Blackstone
- Targets
- ISN (ISNetworld)
- Sellers
- ISN employee-owners
- Industry
- Cloud & SaaS
- Location
- Texas, United States
- Transaction Type
- Growth capital
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