Australian private capital manager Adamantem Capital (Adamantem) is pleased to announce it has reached an agreement to acquire a majority stake in leading IT services provider Nexon Asia Pacific (Nexon). Founded in 2000, Nexon delivers comprehensive end-to-end IT solutions to business, government and not for profit clients, with deep expertise in security, cloud, and digital solutions. Nexon services over 1,000 active clients across all core managed IT offerings including cloud services, network and communications management, cybersecurity and digital solutions. Adamantem Managing Director Katie Wood said the firm looks forward to partnering with Nexon’s co-founder and Chief Executive Officer, Barry Assaf, and his management team to support the business in its next phase of growth. “We’ve been impressed by Nexon’s journey so far and believe the business is well positioned for future growth,” she said. “Having invested successfully in the IT services sector in the past, we see a great opportunity for the business to continue to grow organically in the Australia and New Zealand markets, as well as to support the management team in its acquisition strategy.” The transaction is subject to customary conditions and approvals and will mark the eighth investment from Adamantem’s Fund II, alongside Retail Zoo, QANTM, and Advara Heartcare. -Ends- Media contact: Jess Bell 0415399272 Jess.bell@sodali.com

London / Amsterdam – August 13, 2025 – Bain Capital, a leading global private investment firm, today announced that it has signed an agreement to invest in HSO, a leading global Microsoft services partner. The transaction is subject to customary regulatory approvals and is expected to close in the coming months. Financial terms were not disclosed.

HSO is a world leading independent Microsoft Dynamics services partner and has been a member of Microsoft’s elite Inner Circle for 19 consecutive years. Founded in 1987, the company supports clients across North America, Europe, and Asia Pacific with end-to-end services across the Microsoft product suite including Dynamics 365, Power Platform, Azure, Data, and AI.

During the previous six years, global investment firm Carlyle worked in partnership with HSO’s leadership to support the company’s international expansion strategy, build out new service lines, align its go-to-market strategy with Microsoft’s cloud, data and AI priorities, and further strengthen the management team with a range of key hires. Value creation was further accelerated through the strategic acquisition of companies in the US, Canada, Netherlands and New Zealand.

Bain Capital will invest, via its European Private Equity fund, alongside Peter J. ter Maaten, who will remain a significant shareholder and board member.

Christophe Jacobs van Merlen, a Partner at Bain Capital, said: “HSO sits at the forefront of two secular trends reshaping enterprise technology: cloud migration and AI-led automation. Its exceptional relationship with Microsoft, deep vertical expertise, and global delivery capabilities differentiate it as the preeminent independent Microsoft Dynamics services partner today. We look forward to partnering with Peter and the team to help accelerate HSO’s global expansion and continuing to build-out its capabilities as Microsoft’s go-to partner for AI transformation.”

Peter J. ter Maaten, founder & CEO of HSO, said: “Carlyle has been an outstanding partner and I would like to thank the team for their role in HSO’s growth and global expansion since 2019, creating the leading international Microsoft Solutions Partner that HSO is today. We are excited to continue our momentum with Bain Capital, a long-term partner that also supports our vision and shares our ambition to build the world’s leading Microsoft services partner.”

Michael Wand, Head of Europe Private Equity at Carlyle, and Thibault Thevissen, Principal on the Carlyle Europe Technology Partners (“CETP”) investment advisory team, said: “HSO was a quintessential CETP deal, where we found a sub-scale European hidden champion and, together with the founder, developed the business into a top two Microsoft Dynamics Partner globally over our investment period. This is what CETP does best, partnering with founders and managers of aspirational European B2B Tech businesses and turning them into global leaders. We are very proud to have partnered with Peter and the HSO team over the past six years through what has been a remarkable collaborative effort, and we believe the business will continue to thrive in the future.”

Charles Lamanna, CVP, Business & Industry Copilot at Microsoft and HSO Executive Sponsor, said: “Agentic AI is transforming the way that companies operate, and Dynamics 365 and Business Applications sit front and center to this at Microsoft. We have always been a partner-led business, but in times like this rely even more on our leading partners to drive change in our customers’ organizations. HSO has been on the journey with us for over 20 years and today sits among our strongest partners globally with an exceptional level of trust and mutual respect between our teams. This trust will be critical as everyone reimagines their business with AI. We are very excited to see them embark on this next stage of growth.”

###

About HSO

HSO is a leading global business and AI transformation partner with deep Industry and Microsoft technology expertise. As the largest independent Microsoft Dynamics partner globally, HSO delivers enterprise-grade services across ERP, CRM, Power Platform, Azure, Data, and AI. Founded in 1987, HSO supports more than 1,400 customers in over 30 countries. The company is a member of Microsoft’s elite Inner Circle and operates across North America, Europe, and APAC. For more information, visit www.hso.com.

About Bain Capital

Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $185 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $465 billion of assets under management as of June 30, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,300 people in 27 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

London / Amsterdam – August 13, 2025 – Bain Capital, a leading global private investment firm, today announced that it has signed an agreement to invest in HSO, a leading global Microsoft services partner. The transaction is subject to customary regulatory approvals and is expected to close in the coming months. Financial terms were not disclosed.

HSO is a world leading independent Microsoft Dynamics services partner and has been a member of Microsoft’s elite Inner Circle for 19 consecutive years. Founded in 1987, the company supports clients across North America, Europe, and Asia Pacific with end-to-end services across the Microsoft product suite including Dynamics 365, Power Platform, Azure, Data, and AI.

During the previous six years, global investment firm Carlyle worked in partnership with HSO’s leadership to support the company’s international expansion strategy, build out new service lines, align its go-to-market strategy with Microsoft’s cloud, data and AI priorities, and further strengthen the management team with a range of key hires. Value creation was further accelerated through the strategic acquisition of companies in the US, Canada, Netherlands and New Zealand.

Bain Capital will invest, via its European Private Equity fund, alongside Peter J. ter Maaten, who will remain a significant shareholder and board member.

Christophe Jacobs van Merlen, a Partner at Bain Capital, said: “HSO sits at the forefront of two secular trends reshaping enterprise technology: cloud migration and AI-led automation. Its exceptional relationship with Microsoft, deep vertical expertise, and global delivery capabilities differentiate it as the preeminent independent Microsoft Dynamics services partner today. We look forward to partnering with Peter and the team to help accelerate HSO’s global expansion and continuing to build-out its capabilities as Microsoft’s go-to partner for AI transformation.”

Peter J. ter Maaten, founder & CEO of HSO, said: “Carlyle has been an outstanding partner and I would like to thank the team for their role in HSO’s growth and global expansion since 2019, creating the leading international Microsoft Solutions Partner that HSO is today. We are excited to continue our momentum with Bain Capital, a long-term partner that also supports our vision and shares our ambition to build the world’s leading Microsoft services partner.”

Michael Wand, Head of Europe Private Equity at Carlyle, and Thibault Thevissen, Principal on the Carlyle Europe Technology Partners (“CETP”) investment advisory team, said: “HSO was a quintessential CETP deal, where we found a sub-scale European hidden champion and, together with the founder, developed the business into a top two Microsoft Dynamics Partner globally over our investment period. This is what CETP does best, partnering with founders and managers of aspirational European B2B Tech businesses and turning them into global leaders. We are very proud to have partnered with Peter and the HSO team over the past six years through what has been a remarkable collaborative effort, and we believe the business will continue to thrive in the future.”

Charles Lamanna, CVP, Business & Industry Copilot at Microsoft and HSO Executive Sponsor, said: “Agentic AI is transforming the way that companies operate, and Dynamics 365 and Business Applications sit front and center to this at Microsoft. We have always been a partner-led business, but in times like this rely even more on our leading partners to drive change in our customers’ organizations. HSO has been on the journey with us for over 20 years and today sits among our strongest partners globally with an exceptional level of trust and mutual respect between our teams. This trust will be critical as everyone reimagines their business with AI. We are very excited to see them embark on this next stage of growth.”

###

Media Contacts

New York, NY – August 6, 2025 – Blackstone (NYSE: BX) announced today that private equity funds affiliated with Blackstone (“Blackstone”) have entered into a definitive agreement to acquire Enverus, a premier data analytics energy intelligence platform, from Hellman & Friedman and Genstar Capital.

Enverus was founded in 1999 and is a comprehensive data analytics platform empowering its customers’ capital allocation and asset optimization decisions across the entire energy ecosystem. Today, it is the largest and fastest-growing SaaS company and analytics provider dedicated to the energy market. It enables its 8,000 customers across 50 countries with real-time access to analytics, insights, and benchmark data from generative AI and partnerships with more than 95 percent of U.S. energy producers and 40,000 suppliers.

“This is more than a transaction – it’s a launchpad,” said Manuj Nikhanj, CEO of Enverus. “Blackstone shares our conviction that the future of energy will be defined by AI, real-time intelligence, and bold execution. Their global reach and deep expertise across energy, infrastructure, and data-rich industries will accelerate our momentum – helping us scale faster, build smarter, and deliver transformational outcomes for our customers. It is thanks to a strong partnership with H&F that Enverus is the company we are today. I am incredibly proud of what our team has built – especially our breakthrough work in power markets – and more excited than ever for what comes next.”

Eli Nagler and Bilal Khan, Senior Managing Directors at Blackstone, said: “As the leading energy-dedicated SaaS platform, Enverus’ advanced analytics and technology solutions are critical for its customers as they navigate unprecedented AI-driven electricity demand growth and the broader energy transition. We believe Blackstone’s energy market expertise and network can further enhance the company’s growth trajectory, and look forward to partnering with Manuj and the Enverus team.”

“After four years of tremendous partnership, Enverus stands as the clear SaaS, data, and analytics leader empowering the energy market,” said Ben Farkas, Partner at Hellman & Friedman. “We set out with a mission to build on the company’s core strengths, accelerate innovation, and expand its reach across the energy value chain. Today they are pioneering GenAI-powered solutions, scaling into new markets, and enabling smarter and more efficient decisions for customers worldwide. The company’s growth and culture of innovation have set a new standard for the industry. It’s been a privilege to partner with Manuj Nikhanj, Jeff Hughes, and the full Enverus team. We are confident Enverus is exceptionally well-positioned to shape the future of global energy.”

“Supporting Enverus through this exciting period of innovation and growth has been a great journey,” said Eli Weiss, Managing Partner of Genstar Capital. “We’re proud of the team’s achievements and are confident they are well positioned for continued success.”

Enverus represents the latest in a number of recent transactions Blackstone has announced behind its high-conviction investment themes in electricity demand growth and the ongoing energy transition, such as Potomac Energy Center, Sediver, Westwood Professional Services, Trystar, and others. Blackstone’s core private equity strategy, Blackstone Energy Transition Partners, and Blackstone’s private equity strategy for individual investors are each expected to invest in Enverus as part of this transaction.

Terms of the transaction were not disclosed. The transaction is expected to close by the end of the year, subject to customary conditions. Citi and Morgan Stanley & Co. LLC acted as financial advisors and Kirkland & Ellis LLP acted as legal advisor to Enverus and Hellman & Friedman. RBC Capital Markets, LLC served as financial advisor and Simpson Thacher & Bartlett LLP served as legal advisor to Blackstone.

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

About Enverus
Enverus is the energy industry’s most trusted source for decision intelligence. With petabytes of proprietary data, deep domain expertise, and AI-native technology, Enverus empowers customers to invest smarter, operate more efficiently, and scale faster — across upstream, midstream, minerals, power, and renewables — all while navigating the most complex energy market in history. Learn more at www.enverus.com.

About Hellman & Friedman
Hellman & Friedman is a preeminent global private equity firm with a distinctive investment approach focused on a limited number of large-scale equity investments in high-quality growth businesses. H&F seeks to partner with world-class management teams where its deep sector expertise, long-term orientation, and collaborative partnership approach enable companies to flourish. H&F targets outstanding businesses in select sectors, including technology, financial services, healthcare, consumer services & retail, and information, content & business services. Since its founding in 1984, H&F has invested in over 100 companies and has over $115 billion in assets under management as of December 31, 2024. Learn more about H&F’s defining investment philosophy and approach to sustainable outcomes at www.hf.com.

About Genstar Capital
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high-quality companies for over 35 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $50 billion of assets under management and targets investments focused on targeted segments of the financial services, software, healthcare, and industrials industries.

Media Contacts

Blackstone

Matt Anderson
Matthew.Anderson@Blackstone.com
(518) 248-7310

Jennifer Heath
Jennifer.Heath@Blackstone.com
(347) 603-9256

Enverus

Jon Haubert
Jon.Haubert@enverus.com
(303) 396-5996

Hellman & Friedman

Dan Abernethy
Dan.Abernethy@fgsglobal.com
(646) 238-3902

NEW YORK & SINGAPORE – August 8, 2025 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the close of its previously announced USD 1.3 billion preferred equity investment in Princeton Digital Group (“PDG” or the “Company”).

The investment, which underscores Stonepeak’s confidence in PDG’s strategy, leadership, and execution, strengthens the Company’s position as a leading provider of hyperscale infrastructure in Asia Pacific. With Stonepeak’s partnership and the continued support of Warburg Pincus, Ontario Teachers’ Pension Plan, and Mubadala, PDG is poised to continue expanding across established and emerging markets in APAC through greenfield development and M&A.

PDG represents Stonepeak’s third data center investment in Asia Pacific and its ninth globally, following previous investments in Digital Edge, AGP Sustainable Real Assets, Cologix, CoreSite, Montera Infrastructure, Cirion, and others, and adds significant scale to Stonepeak’s APAC data center portfolio and pipeline, which today spans more than 2.5 GW of capacity in operations or development.

Barclays served as financial advisor and Sidley Austin LLP served as legal counsel to Stonepeak. Goldman Sachs and J.P. Morgan served as financial advisor and Latham & Watkins served as legal counsel to PDG.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $76.3 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include transport and logistics, digital infrastructure, energy and energy transition, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

About Princeton Digital Group
Princeton Digital Group (PDG) is a leading developer and operator of Internet infrastructure. Headquartered in Singapore with presence and operations in Singapore, Japan, India, Indonesia, China, and Malaysia, its portfolio of data centers powers the expansion of hyperscalers and enterprises in the fastest-growing digital economies across Asia Pacific. For more information, visit www.princetondg.com or follow us on LinkedIn.

Contact

Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225

Princeton Digital Group
Selena Sheikh
Selena.sheikh@princetondg.com

Finn Partners for Princeton Digital Group
PDG.ASIA@finnpartners.com

Innovative, strategic partnership addresses escalating demand for AI and cloud workloads by delivering turnkey powered land and related energy generation solutions for data center development

MENLO PARK, Calif. & NEW YORK – Silver Lake, the global leader in technology investing, and Adam Fisher and Peter Rumbold, principals at Commonwealth Asset Management with deep expertise in real estate and infrastructure investing, today announced the launch of a digital infrastructure platform with $400 million of capital to assemble a global portfolio of strategically located powered land sites to address the key scarce input in meeting the escalating demand for data centers.

The company brings together Silver Lake’s extensive expertise in data center development and its deep relationships in the technology ecosystem with Messrs. Fisher and Rumbold’s proven track record across real estate and infrastructure, providing a comprehensive suite of solutions for cloud and artificial intelligence (“AI”) data center deployments. By integrating grid power and behind-the-meter generating solutions into scalable land sites, the platform’s approach ensures rapid energization and maximizes land site readiness, significantly enhancing strategic value for data center developers and technology companies.

The platform is currently operating in and targeting strategic, high-growth markets across the U.S., Canada and the U.K., where power access is becoming an increasingly scarce critical resource.

“This investment represents a long-term commitment to not only meeting the immediate needs of AI-driven data center growth but also positioning the company as a leader in the future of digital infrastructure and a one stop shop for rapidly growing developers and hyperscalers,” said Lee Wittlinger, Managing Director at Silver Lake. “Our innovative approach to land and power solutions, combined with strategic relationships with key energy partners, will enable us to meet the evolving demands of hyperscalers with a holistic, differentiated approach.”

“Data centers are a critical infrastructure in modern society and with the immense growth of AI and cloud computing, the ability to deploy large-scale data centers rapidly with secure, scalable power is crucial,” said Adam Fisher. “With our combined expertise at the cross section of real estate, infrastructure and technology, we’re excited to partner with Silver Lake to create a platform that is uniquely positioned to take advantage of this demand by providing turnkey land and power solutions in highly strategic global locations to transform the future of digital infrastructure.”

Global power demand from data centers is projected to increase 50% by 2027, with forecasts indicating a potential rise of up to 165% by the end of the decade, highlighting the growing need for efficient, scalable energy solutions¹. With a planned portfolio of over six gigawatts of power across multiple global markets, this new platform is well positioned to capitalize on the immense need for power being driven by hyperscalers.

About Silver Lake
Silver Lake is a global technology investment firm, with approximately $103 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe and Asia. Silver Lake’s portfolio companies collectively generate nearly $254 billion of revenue annually and employ approximately 456,000 people globally.

About Adam Fisher
Adam is the Founder and Chief Investment Officer of Commonwealth Asset Management. Over the last 18 years, Adam has successfully built and led numerous investment management practices across both public and private markets. Prior to launching Commonwealth, Adam served as the Global Head of Macro and Real Estate for a New York-based Family Office and founded and served as the CIO of Commonwealth Opportunity Capital, a global macro hedge fund.

About Peter Rumbold
Peter Rumbold is the President of Commonwealth Asset Management and oversees all of the firm’s real estate investment activities. With over 20 years of experience, Peter has held real estate investment roles at several firms including a New York-based Family Office, Winter Properties LLC, Cerberus Real Estate Capital Management, LLC and Sterling American Property, Inc.

¹ Goldman Sachs. (2025, February 4). AI to drive 165% increase in data center power demand by 2030. https://www.goldmansachs.com/insights/articles/ai-to-drive-165-increase-in-data-center-power-demand-by-2030. Accessed 15 May 2025.

Marks the firm’s 24^th private equity transaction in Asia since 2024, continuing its work to identify great companies, build businesses, and deliver for investors
 
TOKYO – August 6, 2025 – Blackstone (NYSE:BX) announced today that private equity funds and vehicles managed by Blackstone (“Blackstone”) have announced its intention to make a tender offer for all of the interests in TechnoPro, Japan’s leading IT services provider. This offer, valued at nearly $3.5 billion (~JPY 507 billion), will be the firm’s largest investment to date in Japan across strategies.

TechnoPro is Japan’s leading IT services provider, delivering mission-critical solutions in IT development and product R&D across hardware and software primarily to Japan’s large corporations. It has more than 28,000 engineers and researchers and 2,500 clients in industries such as automotive, IT services, and semiconductor.

Atsuhiko Sakamoto, Head of Private Equity Japan, Blackstone, said: “This is a compelling opportunity that aligns with our strategy of investing in Japan’s future. We are investing in a high-quality IT services provider, which is bolstered by secular tailwinds in the digitization of the economy and artificial intelligence. TechnoPro attracts some of the best talent in the industry and provides mission-critical services that empower Japan’s blue-chip companies. We are excited to bring the full breadth of Blackstone’s scale, resources, and expertise in IT services and AI to help accelerate the company’s growth and its continued success.”

Takeshi Yagi, President, Representative Director and CEO at TechnoPro, said: “Over the past 30 years, TechnoPro has achieved steady growth by leveraging its strengths in sales capabilities, technical expertise, recruitment power, and talent development. As a result, the company has earned the trust of its clients and established itself as a leading player in Japan’s IT services. By collaborating with Blackstone – which boasts a strong track record in AI and digitalization and deep insights into global technology trends – we are confident that TechnoPro is poised to reach even greater heights of success.”

This is Blackstone’s seventh Private Equity investment in Japan, representing significant momentum for the firm and its commitment to the country. This will be the third deal this year for Blackstone Japan’s Private Equity business following the closing of I’rom Group Co., Ltd. and CIMIC Co., Ltd. and its third deal in Japan’s technology sector following the 2024 closings of Sony Payment Services Inc. and Infocom Corporation.

Blackstone has made substantial investments in the Asia Pacific region over the last 20 years and been a builder of businesses. Since 2024, it has executed 24 Private Equity investments and sales across the region, driving transformation for the companies it invests in and working to deliver value for investors.

Blackstone expects to commence the tender offer on August 7, 2025. Please refer to the announcement issued today, titled “Notice Concerning Commencement of Tender Offer for Shares, Etc. of TechnoPro Holdings, Inc. (Code: 6028) by BXJE II Holding KK” for details regarding the terms and conditions of the tender offer.

This press release has been prepared for the purpose of informing the public of the tender offer and has not been prepared for the purpose of soliciting an offer to sell, or making an offer to purchase, any securities. If shareholders wish to make an offer to sell their shares in the tender offer, they should first read the tender offer explanation statement for the tender offer and offer their shares for sale at their own discretion. This press release shall neither be, nor constitute a part of, an offer to sell or purchase, or a solicitation of an offer to sell or purchase, any securities, and neither this press release (or a part thereof) nor its distribution shall be interpreted to be the basis of any agreement in relation to the tender offer, and this press release may not be relied on at the time of entering into any such agreement.

Unless otherwise specified, all procedures relating to the tender offer are to be conducted entirely in Japanese. If all or a part of the documentation relating to the tender offer is prepared in the English language and there is any inconsistency between the English-language documentation and the Japanese-language documentation, the Japanese-language documentation will prevail.
 
About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Media Contact
Mariko Sanchanta
Mariko.Sanchanta@Blackstone.com
080-8702-7386

Kekst CNC
Blackstone@Kekstcnc.com
090-3239-9348

Blackstone (NYSE: BX) announced today that private equity funds affiliated with Blackstone (“Blackstone”) have entered into a definitive agreement to acquire Enverus, a premier data analytics energy intelligence platform, from Hellman & Friedman and Genstar Capital.

Enverus was founded in 1999 and is a comprehensive data analytics platform empowering its customers’ capital allocation and asset optimization decisions across the entire energy ecosystem. Today, it is the largest and fastest-growing SaaS company and analytics provider dedicated to the energy market. It enables its 8,000 customers across 50 countries with real-time access to analytics, insights, and benchmark data from generative AI and partnerships with more than 95 percent of U.S. energy producers and 40,000 suppliers.

“This is more than a transaction – it’s a launchpad,” said Manuj Nikhanj, CEO of Enverus. “Blackstone shares our conviction that the future of energy will be defined by AI, real-time intelligence, and bold execution. Their global reach and deep expertise across energy, infrastructure, and data-rich industries will accelerate our momentum – helping us scale faster, build smarter, and deliver transformational outcomes for our customers. It is thanks to a strong partnership with H&F that Enverus is the company we are today. I am incredibly proud of what our team has built – especially our breakthrough work in power markets – and more excited than ever for what comes next.”

Eli Nagler and Bilal Khan, Senior Managing Directors at Blackstone, said: “As the leading energy-dedicated SaaS platform, Enverus’ advanced analytics and technology solutions are critical for its customers as they navigate unprecedented AI-driven electricity demand growth and the broader energy transition. We believe Blackstone’s energy market expertise and network can further enhance the company’s growth trajectory, and look forward to partnering with Manuj and the Enverus team.”

“After four years of tremendous partnership, Enverus stands as the clear SaaS, data, and analytics leader empowering the energy market,” said Ben Farkas, Partner at Hellman & Friedman. “We set out with a mission to build on the company’s core strengths, accelerate innovation, and expand its reach across the energy value chain. Today they are pioneering GenAI-powered solutions, scaling into new markets, and enabling smarter and more efficient decisions for customers worldwide. The company’s growth and culture of innovation have set a new standard for the industry. It’s been a privilege to partner with Manuj Nikhanj, Jeff Hughes, and the full Enverus team. We are confident Enverus is exceptionally well-positioned to shape the future of global energy.”

“Supporting Enverus through this exciting period of innovation and growth has been a great journey,” said Eli Weiss, Managing Partner of Genstar Capital. “We’re proud of the team’s achievements and are confident they are well positioned for continued success.”

Enverus represents the latest in a number of recent transactions Blackstone has announced behind its high-conviction investment themes in electricity demand growth and the ongoing energy transition, such as TXNM Energy, Potomac Energy Center, Sediver, Westwood Professional Services, Trystar, and others. Blackstone’s core private equity strategy, Blackstone Energy Transition Partners, and Blackstone’s private equity strategy for individual investors are each expected to invest in Enverus as part of this transaction.

Terms of the transaction were not disclosed. The transaction is expected to close by the end of the year, subject to customary conditions. Citi and Morgan Stanley & Co. LLC acted as financial advisors and Kirkland & Ellis LLP acted as legal advisor to Enverus and Hellman & Friedman. RBC Capital Markets served as financial advisor and Simpson Thacher & Bartlett LLP served as legal advisor to Blackstone.

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

About Enverus
Enverus is the energy industry’s most trusted source for decision intelligence. With petabytes of proprietary data, deep domain expertise, and AI-native technology, Enverus empowers customers to invest smarter, operate more efficiently, and scale faster — across upstream, midstream, minerals, power, and renewables — all while navigating the most complex energy market in history. Learn more at www.enverus.com.

About Hellman & Friedman
Hellman & Friedman is a preeminent global private equity firm with a distinctive investment approach focused on a limited number of large-scale equity investments in high-quality growth businesses. H&F seeks to partner with world-class management teams where its deep sector expertise, long-term orientation, and collaborative partnership approach enable companies to flourish. H&F targets outstanding businesses in select sectors, including technology, financial services, healthcare, consumer services & retail, and information, content & business services. Since its founding in 1984, H&F has invested in over 100 companies and has over $115 billion in assets under management as of December 31, 2024. Learn more about H&F’s defining investment philosophy and approach to sustainable outcomes at www.hf.com.

About Genstar Capital
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high-quality companies for over 35 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $50 billion of assets under management and targets investments focused on targeted segments of the financial services, software, healthcare, and industrials industries.

MEDIA CONTACTS: 

Blackstone
Matt Anderson
Matthew.Anderson@Blackstone.com
(518) 248-7310

Jennifer Heath
Jennifer.Heath@Blackstone.com
(347) 603-9256

Enverus
Jon Haubert
Jon.Haubert@enverus.com
(303) 396-5996

Hellman & Friedman
Dan Abernethy
Dan.Abernethy@fgsglobal.com
(646) 238-3902