Blackstone has reached a definitive agreement to acquire ‘GovTech’ platform Civica from private equity firm Partners Group.

Civica launched in 2001 and has since become one of the UK’s largest software companies and a global leader in software for the public sector, providing automation and streamlining technology services to clients that range from local to central and federal government, health and social care providers and education.

“Civica is a leader in the ‘GovTech’ space, with an excellent brand and an enviable market position and we are excited to be partnering with a stellar management team to help the business in this next phase of growth,” said Miguel García Gómez, principal at Blackstone. “This investment is a testament to our long-standing software experience, a significant focus area for the firm globally, and builds on our strong track record of investing here in the UK.”

Blackstone was advised by Barclays as lead financial advisor and DC Advisory as secondary financial advisor, with the deal expected to complete by spring 2024 subject to regulatory approvals.

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