Blackstone Completes Previously Announced Acquisition of Sphera, Leading Provider of ESG Software, Data, and Consulting Services GlobeNewswireBlackstone Completes Previously Announced Acquisition of Sphera, Leading Provider of ESG Software, Data, and Consulting Services GlobeNewswireBlackstone Completes Previously Announced Acquisition of Sphera, Leading Provider of ESG Software, Data, and Consulting Services GlobeNewswire
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NEW YORK, CHICAGO, September 14, 2021 (GLOBE NEWSWIRE). Sphera announced today that Blackstone’s private equity funds (NYSE: BX, “Blackstone”) has completed the previously announced acquisition Sphera, a world leader in environmental, social, and governance (ESG), software, data, and consulting services from Genstar Capital. The company’s value is $1.4 billion. This transaction continues Blackstone’s focus on ESG investment and provides Sphera capital to accelerate its growth and product offerings.
Sphera has over 80 countries and more than 3,000 customers. It combines software as a service with consulting services that are underpinned by proprietary data to help businesses worldwide manage and mitigate ESG risks. Its three product lines are Environment, Health, Safety & Sustainability, Operational Risk Management, and Product Stewardship. Sphera has appointed Kimberly Kolb (CHRO) as chief human resource officer (CHRO) to support its strategic growth. As Sphera’s chief human resources officer (CHRO), Kolb will be responsible to develop and support Sphera’s global workforce as it expands its reach worldwide. Kolb brings over 30 years’ experience in human resources, consulting, and marketing from technology, professional services, and financial service firms to the role. She has also held senior leadership positions at Whittman-Hart and CME Group. Paul Marushka is the CEO and president of Sphera. Sphera’s hard work, dedication, and effort have been the key to our successes. As Sphera takes its next step, I am proud to work with such a dedicated team. This partnership with Blackstone and the capital injection by Blackstone will enable us to move forward with our vision for ESG Software Integration with extensive data and top-quality consultancy services. Blackstone’s senior managing director Eli Nagler said that the partnership with Paul Marushka will help Sphera continue its strong momentum as a leader in ESG solutions. We look forward supporting the company as they expand their product offerings and innovate to best serve their global customers. Note to editors about Sphera
Sphera makes the world safer, more sustainable, and more productive. We are a global leader in providing ESG performance and risk management software, data and consulting services. Our focus is on Environment, Health, Safety & Sustainability, Operational Risk Management, Product Stewardship, and Safety. Visit www.sphera.com to learn more about Sphera. Follow Sphera on LinkedIn. Blackstone
Blackstone is a leading global investment firm. We aim to have a positive economic impact on the world and create long-term value for our shareholders, the companies that we invest in, as well as the communities where we work. We achieve this by employing extraordinary people and flexible capital to solve companies’ problems. The $684 billion of assets under management includes investment vehicles that focus on private equity, realty, public debt and equity, as well as real assets and secondary funds. All of this is done on a global scale. You can find more information at www.blackstone.com. Follow Blackstone on Twitter @Blackstone Contact: Sphera Solutions, Sphera@AspectusGroup.com
Blackstone Completes Previously Announced Acquisition of Sphera, Leading Provider of ESG Software, Data, and Consulting Services GlobeNewswire