NAVEX, a global leader in ethics, risk, and compliance management software, has announced a definitive agreement for Goldman Sachs Alternatives’ Private Equity division to acquire a majority stake from BC Partners and Vista Equity Partners. Funds managed by Blackstone’s private equity strategy will also invest significantly as a minority stakeholder.
BC Partners will retain a minority stake, while Vista will fully exit its investment in the company. This deal strengthens NAVEX’s strategy for international expansion and the growth of its NAVEX One integrated Governance, Risk, and Compliance (GRC) platform.
Based in Portland, Oregon, NAVEX serves over 13,000 organizations worldwide, providing comprehensive solutions that help clients effectively address ethics, risk, and compliance issues within a complex regulatory landscape.
Advisors: Goldman Sachs Alternatives was advised by Weil, Gotshal & Manges. NAVEX was advised by J.P. Morgan and Simpson Thacher & Bartlett.
KEY QUOTES:
“Goldman Sachs Alternatives is excited to enter into this new partnership with NAVEX. We would also like to thank BC Partners and Vista for their great stewardship over the past several years and we look forward to working closely with Blackstone and BC Partners in the Company’s next chapter ahead.”
Harsh Nanda, Partner and Head of Technology Private Equity within Goldman Sachs Alternatives
“NAVEX’s exceptional brand strength, global leadership position in its key offerings, and impressive customer base make it well-positioned for continued success and value creation. With support from Goldman Sachs’ global network and the Value Accelerator, together with Blackstone and BC Partners’ extensive track record and experience, we believe NAVEX will be able to bolster its position as the global leader in ethics, risk and compliance management software.”
Joon Park, Managing Director at Goldman Sachs Alternatives
“I am delighted to welcome Goldman Sachs Alternatives and Blackstone as new sponsors for NAVEX and to begin the next phase of our journey. This transaction demonstrates the extraordinary value and future potential of NAVEX. We look forward to working closely with Goldman Sachs Alternatives, Blackstone and BC Partners as we invest in our future growth, accelerate product innovations, and deliver increased value to our global customers.”
Andrew Bates, CEO of NAVEX
“NAVEX has established itself as a global leader in ethics, risk and compliance management software solutions, empowering companies to build stronger and more resilient organizations. We are thrilled to partner with Goldman Sachs Alternatives, BC Partners and management to support NAVEX’s continued innovation and long-term growth.”
David Schwartz, a Senior Managing Director at Blackstone
“Today, NAVEX is the global leader in ethics, risk and compliance management software. We are proud of the success we’ve achieved in partnership with management. Together, we launched NAVEX One, the industry’s leading integrated risk and compliance platform, expanded across Europe and North America, and executed several strategic acquisitions. We look forward to partnering with Goldman Sachs Alternatives and Blackstone to support the business in its next phase of growth.”
F. Mark Fariborz, Partner and Co-Head, Technology at BC Partners
“NAVEX has grown into a premier digital compliance platform that helps thousands of organizations around the world confidently manage complex risks. We are proud to have partnered with them to reach this milestone and wish them continued success moving forward.”
Michael Fosnaugh, Co-Head of Vista’s Flagship Fund and Senior Managing Director
