Global buyout giant Blackstone hired Stevi Petrelli as head of Blackstone Innovations Investments (BXI Investments). The newly created role will work across the firm’s various sectors of investments including technology and innovation, growth, real estate, private wealth solutions and finance business.
Private equity major Thoma Bravo has agreed to take customer feedback software maker Medallia private in an all-cash transaction that values the company at $6.4bn. The firm said the deal would provide the company with additional resources to capitalize on a massive and growing market opportunity.
Levine Leichtman Capital Partners has continued its recent exit spree with the sale of FlexXray Holding to fellow private equity investor Warburg Pincus and Tilia Holdings.
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