- Blackstone (NYSE:BX) -1.5% announced that funds managed by Blackstone have acquired a majority share in Cloudreach, a leading global cloud enabler.
- The terms of the transaction were not disclosed.
- Viral Patel, Managing Director at Blackstone, said: “We are excited to partner with this innovative company and strong management team to help it expand moving forward. By combining Blackstone’s patient capital and Cloudreach’s industry-leading services, we see a significant opportunity to ignite dramatic growth in this business in the years ahead.”