Blackstone is making moves in both commercial services and technology with two deals in the mix. Firstly, the PE giant has agreed to acquire Clarion Events from Providence Equity Partners. The London-based company has nearly 1,000 employees and organises exhibitions, conferences and tradeshows across several industries.
In addition, Israeli business newspaper Calcalist has reported that Blackstone is in advanced talks to buy 40% of spyware business NSO Group for $400 million. NSO, which was reportedly bought by Francisco Partners in 2014 for $120 million, was accused last year of creating a security flaw capable of breaching Apple's iPhones.
The NSO deal, if true, represents a further sign of private capital's demand for cybersecurity investments. Venture activity in the sector has surged in Europe and Israel over the last few years, and as the industry matures, larger investors are looking for a slice of the action—particularly as recent large-scale cyberattacks such as WannaCry and Petya showcase the space's importance. Indeed, the rumoured deal comes just two months after cybersecurity company Tanium raised $100 million at a $3.75 billion valuation in a round led by TPG Growth.
Read about more of Blackstone's recent dealings here.