Blackstone added a company from the IT sector to its investment portfolio

Investment corporation Blackstone plans to buy a controlling stake in IT company R Systems, the amount of the transaction is $359 million. The buyer argues that this decision is based on the prospects of the technology sector.
Blackstone intends to buy 52% of shares, which will make it the owner of the Indian company, which provides services in the field of IT. According to analysts at the investment corporation, R Systems has every chance to take a high position in the technology market, thanks to the trend of digitalization, which is becoming more popular. The company provides a wide range of outsourcing services, which in today’s world is an excellent solution for optimizing business processes for many companies.
Blackstone buys a stake from the founder of R Systems, Satinder Singh Rekha. The company itself has been on the market since 1993 and during this period has become one of the leaders in the IT services sector in India and in the Asia-Pacific region. The company helps optimize the operations of more than 250 clients in various industries, including telecommunications, financial services, media and others. The company employs about 4,400 people across 18 centers in India and the region.

Blackstone acquired R Systems

Blackstone is one of the largest investment groups in the U.S., which has operated since 1985, and in 2007 held an IPO on the New York Stock Exchange. Initially it operated in the consulting sector, specializing in mergers and acquisitions. Over time, however, she moved into investments. It has billions of dollars of capital under management and assets placed in different sectors. The structure includes a number of divisions, including private equity, consulting, real estate and others. Also under the management of the company are 6 investment funds, the total capital of which is $88 billion.
Last year, Blackstone acquired Crown Resorts, an operator of a chain of casinos and hotels. In 2021, Byju’s, an Indian startup engaged in Edtech services, entered the U.S. corporation’s portfolio. Blackstone also acquired medical equipment maker Medline Industries, one of the investor’s largest acquisitions in the past few years.
Blackstone has a separate focus on digital technology and cloud solutions. Experts of the corporation emphasize that these areas remain one of the most promising, and they plan to focus on investments in IT in the near future. Thus, in 2021, the company acquired a network of data centers QTS Realty Trust. In addition, Blackstone’s portfolio includes the largest U.S. IT provider, which was purchased in 2007.