Major acquisition deal in the software industry
- Blackstone is close to acquiring software company Civica for $2.5 billion
- The seller, Partners Group, bought Civica for $1.3 billion in 2017
- The deal could be announced as early as Wednesday
- Partners Group had previously tried to sell Civica at least two other times
- Blackstone’s stock was down 0.6% in recent trades
Blackstone Inc. is reportedly finalizing a deal to acquire software developer Civica for $2.5 billion. The seller, Partners Group, had purchased Civica for $1.3 billion in 2017. The acquisition by Blackstone is expected to be announced soon. This marks Partners Group’s third attempt to sell Civica. Blackstone’s stock experienced a slight decline of 0.6% in recent trades.
Factuality Level: 8
Factuality Justification: The article provides specific details about the potential acquisition of software developer Civica by Blackstone Inc. It cites sources and mentions the involvement of Partners Group Holding AG as the seller. However, there is no confirmation from the companies involved, and the article does not provide any additional context or analysis.
Noise Level: 7
Noise Justification: The article provides information about Blackstone’s potential acquisition of Civica for $2.5 billion. It includes details about the seller, Partners Group, and the previous purchase price of Civica. The article also mentions that the purchase could be announced soon and provides information about the stock performance of Blackstone. However, it lacks analysis of long-term trends, antifragility, and accountability. It also does not provide evidence or actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Blackstone Inc. and Partners Group Holding AG
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The news article pertains to a financial acquisition by Blackstone Inc. and Partners Group Holding AG. There is no mention of an extreme event.
Public Companies: Blackstone Inc. (BX), Partners Group Holding AG ()
Private Companies: Civica
Key People:
Reported publicly:
www.marketwatch.com 
