NAVEX (the “Company”), a leading global provider of ethics, risk and compliance management software, announced today that Goldman Sachs Alternatives has completed the acquisition of a majority stake in the Company. Blackstone’s private equity strategy for individual investors (“Blackstone”) has also become a significant minority investor in the Company. BC Partners, NAVEX’s former majority shareholder, will retain a significant minority stake in the company.
The new capitalization will fuel NAVEX’s continued expansion into global markets and ongoing innovation of the NAVEX One integrated GRC platform. With the acquisition completed, Harsh Nanda, Partner and Head of Technology Private Equity within Goldman Sachs Alternatives and Joon Park, Managing Director at Goldman Sachs Alternatives will join the Board of Directors.
Headquartered outside of Portland, Oregon, NAVEX works with 13,000 businesses and organizations globally. The NAVEX One platform provides one of the world’s most comprehensive ethics, risk and compliance management solutions, allowing clients to proactively address risk-related issues and to respond quickly and effectively in an increasingly complex regulatory landscape.
“Goldman Sachs Alternatives is honored to partner with NAVEX as it continues to set the standard for ethics, risk, and compliance management software on a global scale,” said Harsh Nanda. “With NAVEX’s deep customer base, strong product innovation and proven leadership, combined with the support of Goldman Sachs’ global network and resources, we are confident in its ability to drive innovation and deliver lasting value to organizations worldwide,” added, Joon Park. “Together, we aim to empower businesses to build resilient, ethical cultures and navigate risk with confidence.”
“We are thrilled to embark on this bold new chapter, welcoming Goldman Sachs Alternatives and Blackstone as key partners on our journey to transform and redefine the future of governance, risk, and compliance,” said Andrew Bates, NAVEX CEO. “This milestone underscores the extraordinary value and potential of NAVEX as we continue to innovate, expand our reach, and empower organizations worldwide to build cultures of integrity and success. Together, with the support of BC Partners, we are committed to accelerating growth, driving product advancements, and delivering unparalleled value to our global customer community.”
“NAVEX continues to set the standard for modern ethics and compliance programs,” said Mark Fariborz, Partner and Co-Head, Technology at BC Partners. “The NAVEX team has built something extraordinary, from the launch of NAVEX One to its global expansion. We’re excited to support this next chapter as NAVEX deepens its impact and helps more organizations build cultures rooted in trust, accountability, and resilience.”
As part of the transaction, Vista Equity Partners has exited its investment in the company. Details of the transaction were not disclosed.
Goldman Sachs Alternatives was advised by Weil, Gotshal & Manges LLP. NAVEX was advised by J.P. Morgan and Simpson Thacher & Bartlett LLP.
