Blackstone (BX) to Acquire Majority Stake in Priority Software

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Go back to Blackstone (BX) to Acquire Majority Stake in Priority Software

Blackstone to Acquire Majority Stake in Priority Software

May 16, 2024 8:36 AM EDT

Existing investors TA Associates (TA) and Fortissimo Capital to roll their stakes.

TEL AVIV, Israel--(BUSINESS WIRE)-- Blackstone today announced that Blackstone Growth and affiliated funds (collectively Blackstone) have entered into a definitive agreement to acquire a majority stake in Priority Software, a leading provider of mission-critical business software. Blackstones investment will help build on the companys position at the forefront of the ERP software market and support its further growth across industries and markets.

Priority Software offers robust mission-critical business applications and ERP solutions across various industries, enhancing business management through innovative, cloud-based... More