Blackstone Makes Significant Minority Investment in ISN
December 17 2020 - 9:09AM
Dow Jones News
By Michael Dabaie
Blackstone Group Inc. said Thursday it made a significant
minority investment in ISN, a provider of third-party contractor
and supplier management software, valuing the company at more than
$2 billion.
The investment is led by Blackstone Growth. Since ISN is
employee-owned, Blackstone will be the only outside stockholder in
ISN.
Blackstone said its backing will help ISN with product
innovation and expansion into new markets and geographies.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
December 17, 2020 09:54 ET (14:54 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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