- Blackstone and Vista Equity purchase Energy Exemplar, with both firms holding a 50 per cent stake.
- The acquisition reflects a strategic move to invest in the energy transition, supporting the optimisation of production capacity and operational efficiency in the energy sector.
Blackstone and Vista Equity Partners have announced the purchase of Energy Exemplar, a prominent provider of energy market software, in an energy transition move. The acquisition, which involves the private equity firm Riverside Company cashing out, will see both buyout firms holding a 50 per cent stake in Energy Exemplar. This move strongly supports the energy transition trend. Utilities and developers increasingly use simulation software to boost energy production efficiency.
Based in North Adelaide, Energy Exemplar’s software is vital for over 500 companies in 79 countries, simulating and forecasting energy markets. Blackstone invests in Energy Exemplar via its energy transition arm and aims to raise funds for Blackstone Energy Transition Partners IV. As of August’s end, the fund had reached $2.2 billion, on its way to the $5.6 billion target, per the SEC.
Blackstone plans to invest $100 billion in energy transition and climate change projects over the next decade. In August, the firm unveiled the world’s largest energy transition credit fund, amassing $7.1 billion. Vista Equity Partners, known for its expertise in the software sector, is actively participating in this venture through its middle-market foundation strategy. With Blackstone and Energy Exemplar, Ryan Atlas of Vista Equity Partners looks forward to enhancing innovation and customer value, leveraging their expertise in scaling enterprise software firms.