Blackstone (BX) Acquires Sphera for $1.4B
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Blackstone to Acquire Sphera, a Leading Provider of ESG Software, Data, and Consulting Services, From Genstar Capital for $1.4 Billion
July 6, 2021 10:00 AM EDTNEW YORK & CHICAGO--(BUSINESS WIRE)-- Blackstone (NYSE: BX) announced today that private equity funds managed by Blackstone (Blackstone) have entered into a definitive agreement to acquire Sphera, a leading provider of Environmental, Social and Governance (ESG) software, data, and consulting services, from Genstar Capital. The investment, which values the company at approximately $1.4 billion, would be made through Blackstones flagship private equity vehicle.
Through SaaS software, proprietary data and consulting services, Spheras experts work with organizations around the world to help them surface, manage, and mitigate ESG risk in the areas of Environment, Health, Safety... More
