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Slide #3. Blackstone — Sverica International's Majority Stake in Accuvant
Acquirer:
Blackstone (NYSE:BX)
Acquiree:
Sverica International's Majority Stake in Accuvant
Details:
Sverica International Management LLC ("Sverica"), a private equity investment firm, announced today it closed on its sale of a majority stake in Accuvant, Inc. ("Accuvant") to Blackstone (NYSE:BX) ("Blackstone"). Based in Denver, Colorado, Accuvant is a leading provider of information security solutions and services to enterprise-class organizations. Sverica will retain a minority interest in the business and remain active on the Board of Directors.
Blackstone is a holding company. Through its subsidiaries, Co. is an investment firm. Co.'s asset management businesses include investment vehicles.Co.'s business is organized into four segments: Real Estate, which comprises its management of opportunistic real estate funds, Core+ real estate funds, high-yield real estate debt funds, liquid real estate debt funds; Private Equity, which includes its corporate private equity business; Hedge Fund Solutions, which include GP Stakes Business; and Credit and Insurance, which consists principally of Blackstone Credit, which is organized into two overarching strategies: private credit and liquid credit.
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