By Adria Calatayud

Switzerland's Partners Group Holding has agreed to sell U.K. software developer Civica to Blackstone, the U.S. firm's latest bet in the U.K.

The Wall Street Journal on Tuesday reported, citing people familiar with the matter, that Blackstone was in advanced talks to buy Civica for close to $2.5 billion including debt.

Partners Group acquired Civica in 2017 and has turned it into a software-focused company, pivoting away from its previous services such as IT management, the Swiss investment company said Wednesday.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

November 22, 2023 04:36 ET (09:36 GMT)

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