Blackstone to acquire Civica

Heralding new chapter in company's journey to become a Global GovTech Champion

22nd November 2023

  • Blackstone, the world's largest alternative asset manager, has entered into a definitive agreement to acquire Civica from current Civica owner, Partners Group AG

  • Blackstone investment signals strong endorsement of Civica’s vision to become a global GovTech champion

  • Civica has been owned by Partners Group since 2017

  • Arma Partners acted as exclusive financial adviser to Civica

  • Financial terms of the transaction have not been disclosed


Today marks the beginning of an exciting new chapter in Civica’s journey to become a global GovTech champion, with Blackstone set to acquire Civica from current owners, Partners Group AG.

Blackstone, the world's largest alternative asset manager, will acquire Civica during a particularly buoyant period for the company. The company has enjoyed over 21 years of year-on-year growth across its global markets, with more than 6,000 customers now using its software.   

A key driver of this success has been a series of complementary acquisitions to continuously enhance the company’s software offering, including, most recently, the Australian cloud-based facilities management solution, booka.    

The move by Blackstone signals a strong endorsement of Civica’s growth strategy and its vision to become a global GovTech champion. The company’s innovative GovTech solutions are now used by more than 2.5 million professionals to serve the needs of 100+ million citizens in countries all around the world, from the UK to Asia-Pacific to North America.  

Commenting on today’s announcement, Civica CEO, Lee Perkins said: "At Civica, our aspiration is to become a global 'GovTech' champion, providing software that supports the needs of citizens and those that serve them. In partnership with Partners Group, we have significantly transformed our offering and increased growth momentum across cloud, digital enablement, software innovation, and data analytics. We have also cemented our position as an innovation leader. We now have over two decades of growth to build on and look forward to the next phase of our journey." 

Jonathan Murphy, Managing Director at Blackstone and Miguel García Gómez, Principal at Blackstone said: “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. 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”.  

Charles Rees, Member of Management, Private Equity Technology Industry Vertical, Partners Group, adds: "The thematic trends that underpinned our original investment in Civica remain strong. Civica's mission-critical and deeply specialized solutions, which are key in the public sector space where a high level of customer intimacy is required, continue to differentiate the Company from its competitors. Civica's growing international presence should also provide future growth channels. We wish the management team all the best." 

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To read full announcements from Blackstone and Partners Group, follow the links listed here:

Blackstone: Blackstone to Acquire Civica

Partners Group: Partners Group to sell Civica, a global provider of cloud software solutions for the public sector

About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors. We do this by relying on extraordinary people and flexible capital to help strengthen the companies we invest in. Our over $1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

About Partners Group
AG Partners Group is a leading global private markets firm. Since 1996, the firm has invested USD 200 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally. Partners Group seeks to generate superior returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create sustainable returns with lasting, positive impact for all its stakeholders. With USD 142 billion in assets under management as of 30 June 2023, Partners Group provides an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,800 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit or follow us on LinkedIn or Twitter.

About Civica Group  
We’re Civica and we make software that helps deliver critical services for citizens all around the world. From local government to central government, to education, to health and care, over 5,000 public bodies across the globe use our software to help provide critical services to over 100 million citizens. Our aspiration is to be a GovTech champion everywhere we work around the globe, supporting the needs of citizens and those that serve them every day. 

Press Information
Fintan Hastings
Head of Public Relations