Blackstone To Acquire ESG Services Provider Sphera From Genstar Capital For $1.4B

July 6, 2021 2:41 PM | 1 min read | Make a Comment

Blackstone Group Inc BX managed private equity funds inked an agreement to acquire Sphera from Genstar Capital for $1.4 billion.
Sphera, a provider of Environmental, Social, and Governance (ESG) software, data, and consulting services, has more than 3,000 customers in more than 100 countries.
The investment would be made via Blackstone's flagship private equity vehicle.
Sphera's experts work with global organizations to help them surface, manage, and mitigate ESG risk through SaaS software, proprietary data, and consulting services.
Blackstone held $5.4 billion in cash and equivalents as of March 31, 2021.
Price action: BX shares traded lower by 0.62% at $97.04 on the last check Tuesday.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.