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Blackstone to acquire govtech Civica

Private equity funds managed by Blackstone, the world’s largest alternative asset manager, are to acquire Civica, a global specialist in public sector software solutions, from private markets firm Partners Group.

Financial terms of the transaction have not been disclosed.

Civica was founded in 2001 and has since grown into one of the UK’s largest software companies providing automating and streamlining technology services to clients that range from local to central and federal government, health and social care providers and education.

The company’s product portfolio includes workflow and automation, risk and compliance, workforce management, financial management, and data analytics and insights.

Civica has over 6,000 customers, servicing more than 100 million citizens across the UK, Ireland, Australia, New Zealand, India, Singapore, the United States and Canada.

The transaction is expected to close in Q2 2024, subject to regulatory approvals.

Blackstone was advised by Barclays as lead financial advisor and DC Advisory as secondary financial advisor. Partners Group was advised by Clifford Chance and Arma Partners. Arma Partners acted as exclusive financial advisor to Civica and Management was advised by Travers Smith and Wyvern Partners.

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