A consortium led by Goldman Sachs Alternatives has agreed to acquire a majority stake in compliance software firm Navex from private equity firm BC Partners.
Blackstone Inc. will also become a minority investor in Navex as part of the transaction, according to a statement on Monday that confirmed an earlier Bloomberg News report. BC Partners will retain a significant minority stake, while Vista Equity Partners will fully exit its investment in the software company. Financial terms were not disclosed.
The deal values Navex at more than $2.5 billion, people familiar with the matter have said. With the Navex transaction, BC Partners has realized about €16 billion ($18.7 billion) through exits over the past 24 months, according to the statement.
Read more in Bloomberg, here.
