BC Partners to sell majority stake in Navex to Goldman Sachs-led group
Investing.com -- BC Partners has agreed to sell a majority stake in Navex to a consortium led by Goldman Sachs Alternatives, which includes funds managed by Blackstone (NYSE:BX)’s private equity strategy for individual investors.
Under the terms of the deal, the private equity business at Goldman Sachs Alternatives will take a majority shareholding in Navex, while Blackstone will become a significant minority shareholder.
Funds managed by BC Partners will retain a significant minority shareholding in the company, while Vista Equity Partners will fully exit its investment.
Financial terms of the transaction were not disclosed. The deal is expected to close later this year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year..
In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies.
So if GS is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.
