Blackstone Growth, along with affiliated funds, has entered into a definitive agreement to acquire a majority stake in Priority Software, a leading provider of business software, particularly in the ERP space. This investment aims to bolster Priority Software’s market position and support its growth across various industries globally. Priority Software has developed a suite of business applications, including ERP solutions for sectors such as retail, hospitality, and education. It boasts over 17,000 customers and more than 300,000 end users worldwide. The CEO of Priority Software, Sagive Greenspan, emphasized the growth potential this partnership brings, while existing investors TA Associates and Fortissimo Capital will retain a stake and continue their support. The deal was facilitated by Evercore, with legal advisories from Goodwin, Gornitzky, Kirkland & Ellis, and Meitar. Financial terms of the transaction were not disclosed.

ERP Software, Private Equity,Israel, United States, Belgium

Blackstone to Acquire Majority Stake in Priority Software