Blackstone Energy Partners IV L.P. a fund managed by Blackstone Inc. (NYSE:BX) and Vista Equity Partners Management, LLC completed the acquisition of Energy Exemplar Pty Ltd from The Riverside Company.
May 08, 2024
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Blackstone Energy Partners IV L.P. a fund managed by Blackstone Inc. (NYSE:BX) and Vista Equity Partners Management, LLC signed a definitive agreement to acquire Energy Exemplar Pty Ltd from The Riverside Company for AUD 1.6 billion on October 31, 2023. Energy Exemplar reported a EBITDA of AUD 40 million in year ending June 2023. As on January 25, 2024, The European Commission (EC) has cleared the acquisition by Blackstone (NYSE:BX) and Vista EquityPartners.
Lazard acted as financial advisor for Energy Exemplar on the transaction, conducting a global sale process led by Bennett Monson, Managing Director and Head of Industrial Software; Jones Day and Adam Charles, Andrew Clyne of Herbert Smith Freehills provided legal guidance. Deloitte acted as Accountant to Energy Exemplar Pty Ltd. Allan Kirk, Vlad Kroll, Randy Santa Ana, Rhett Van Syoc, Ari Levi,David Wheat,Joe Tobias, Mark Gardner, Jeff Ayer, Matthew Wheatley, Alasdair Balfour, Scott Scheele and Marin Boney of Kirkland & Ellis LLP acted as legal advisor to Blackstone Inc. and Vista Equity Partners Management, LLC. Jason Grove of Jones Day acted as financial advisor to The Riverside Company.
Blackstone Energy Partners IV L.P. a fund managed by Blackstone Inc. (NYSE:BX) and Vista Equity Partners Management, LLC completed the acquisition of Energy Exemplar Pty Ltd from The Riverside Company on May 9, 2024.
Blackstone Inc. is an investment firm. The Company's asset management business includes investment vehicles, which is focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, and secondary funds. The Company operates through four segments: Real Estate, Private Equity, Credit & Insurance, and Hedge Fund Solutions. Its Blackstone Real Estate Partners (BREP) business makes investments in logistics, office, rental housing, hospitality, and retail properties, as well as in a variety of real estate operating companies. The Private Equity segment includes Blackstone Capital Partners, Blackstone Energy Transition Partners, Blackstone Capital Partners Asia, and Blackstone Core Equity Partners. The Credit & Insurance segment includes Blackstone Credit and Blackstone Insurance Solutions (BIS). The Hedge Fund Solutions segment includes Blackstone Alternative Asset Management and GP Stakes businesses.
Blackstone Energy Partners IV L.P. a fund managed by Blackstone Inc. (NYSE: BX) and Vista Equity Partners Management, LLC completed the acquisition of Energy Exemplar Pty Ltd from The Riverside Company.