Blackstone (NYSE:BX) is nearing a deal to accumulate U.Okay. based mostly software program develop Civica for about $2.5B, the Wall Avenue Journal reported Tuesday, citing folks aware of the superior talks.
Fellow non-public fairness agency Companions Group Holdings AG, was mentioned to be the vendor on the deal, after shopping for Civica for some $1.3B in 2017.
An announcement concerning the potential deal might be made on Wednesday, the folks instructed the Journal.
The information comes as mergers-and-acquisitions exercise stays muted, particularly within the U.S., amid “higher-for-longer” borrowing prices. However this buy by Blackstone (BX) might be an indication that dealmaking is selecting up no less than within the U.Okay.