Blackstone Energy Partners IV L.P. a fund managed by Blackstone Inc. (NYSE:BX) and Vista Equity Partners Management, LLC completed the acquisition of Energy Exemplar Pty Ltd from The Riverside Company.

Blackstone Energy Partners IV L.P. a fund managed by Blackstone Inc. (NYSE:BX) and Vista Equity Partners Management, LLC signed a definitive agreement to acquire Energy Exemplar Pty Ltd from The Riverside Company for AUD 1.6 billion on October 31, 2023. Energy Exemplar reported a EBITDA of AUD 40 million in year ending June 2023. As on January 25, 2024, The European Commission (EC) has cleared the acquisition by Blackstone (NYSE:BX) and Vista EquityPartners.

Lazard acted as financial advisor for Energy Exemplar on the transaction, conducting a global sale process led by Bennett Monson, Managing Director and Head of Industrial Software; Jones Day and Adam Charles, Andrew Clyne of Herbert Smith Freehills provided legal guidance. Deloitte acted as Accountant to Energy Exemplar Pty Ltd. Allan Kirk, Vlad Kroll, Randy Santa Ana, Rhett Van Syoc, Ari Levi,David Wheat,Joe Tobias, Mark Gardner, Jeff Ayer, Matthew Wheatley, Alasdair Balfour, Scott Scheele and Marin Boney of Kirkland & Ellis LLP acted as legal advisor to Blackstone Inc. and Vista Equity Partners Management, LLC. Jason Grove of Jones Day acted as financial advisor to The Riverside Company.

Blackstone Energy Partners IV L.P. a fund managed by Blackstone Inc. (NYSE:BX) and Vista Equity Partners Management, LLC completed the acquisition of Energy Exemplar Pty Ltd from The Riverside Company on May 9, 2024.