Deal Details

Blackstone Makes Preferred Equity Investment In Buyers Edge Platform

Technology & Services

Blackstone preferred equity investment in BEP

Summary

Blackstone Tactical Opportunities (“Blackstone”) has made a preferred equity investment in Buyers Edge Platform (“BEP” or the "Company”). Terms of the transaction were not disclosed.

Baird served as exclusive financial advisor to Blackstone on this transaction.

About

Blackstone is the world’s largest alternative asset manager. Blackstone delivers compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone has more than $1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. Blackstone is headquartered in New York, New York.

BEP is a digital procurement solutions provider for the foodservice industry. Founded in 1998, BEP partners with stakeholders across the industry value chain, including operators, distributors and manufacturers, providing data visibility and purchasing transparency. Underpinned by over $60 billion of aggregated spend volume, the Company empowers stakeholders to reduce their costs, streamline supply chains and utilize technology to run their businesses more efficiently and profitably. BEP is headquartered in Waltham, Massachusetts.

Technology & Services

Blackstone preferred equity investment in BEP