RELEX Solutions: Driven by Blackstone and TCV Investment
Deal News | Dec 10, 2024 | Blackstone
The article discusses the increased investment by Blackstone Growth and TCV in RELEX Solutions, a provider of unified supply chain and retail planning solutions. This transaction marks the exit of Summit Partners, who initially invested in RELEX in 2015, and it underscores Blackstone and TCV's strong confidence in RELEX's growth potential and strategic expansion plans. The move is set against the backdrop of RELEX's impressive growth in customer acquisition and revenue, highlighting its evolving market dynamics and business scalability. The company is focused on broadening its market to include consumer packaged goods and manufacturing following its acquisition of Optimity. With the additional investment, Blackstone and TCV aim to help RELEX strengthen its product offerings and expand further, thereby ensuring continued success in high-demand sectors.
Sectors
- Private Equity and Venture Capital
- Technology and Software
- Retail and Consumer Goods
Geography
- Finland – Helsinki, Finland is the headquarters of RELEX Solutions, mentioned as the location of the announcement.
- Global – RELEX Solutions aims to expand its solutions globally, with significant growth from international customer signings.
Industry
- Private Equity and Venture Capital – This sector is highlighted through Blackstone Growth and TCV's investment in expanding RELEX Solutions.
- Technology and Software – RELEX Solutions provides innovative supply chain and retail planning technology solutions.
- Retail and Consumer Goods – RELEX's strategic plans include expanding its solutions into the consumer packaged goods and manufacturing sectors.
Financials
- Not disclosed. – Financial details of the transaction between Blackstone, TCV, and RELEX were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| RELEX Solutions | Target | Company | A provider of unified supply chain and retail planning solutions. |
| Blackstone Growth | Investor | Private Equity Firm | Growth equity investing business of Blackstone, increasing investment in RELEX. |
| TCV | Investor | Venture Capital Firm | Investment firm focused on global technology companies, increasing investment in RELEX. |
| Summit Partners | Exiting Investor | Investment Firm | Original investor in RELEX, exiting after nearly a decade-long partnership. |