Blackstone Capital Partners VIII, L.P. and other private equity funds managed by The Blackstone Group Inc. (NYSE:BX) entered into a definitive agreement to acquire Sphera Solutions, Inc. from Genstar Capital, LLC in a transaction valued at approximately $1.4 billion on July 6, 2021. The acquisition would be made through Blackstone’s flagship private equity vehicle. Simpson Thacher & Bartlett LLP acted as the legal advisor to Blackstone. Nathan Graf and Jaison Thomas of Evercore Inc. (NYSE:EVR) acted as the financial advisor and Jeffrey Poss and Manuel Miranda of Willkie Farr & Gallagher LLP acted as the legal advisor to Genstar and Sphera. Vedder Price acted as the legal advisor to Sphera and Management in the transaction. Blackstone Capital Partners VIII, L.P. and other private equity funds managed by The Blackstone Group Inc. (NYSE:BX) completed the acquisition of Sphera Solutions, Inc. from Genstar Capital, LLC on September 14, 2021. Kimberly Kolb appointed as chief human resources officer (CHRO) and will be responsible for developing and supporting Sphera’s global workforce as the organization continues to grow its footprint worldwide.