Blackstone and TCV completed the acquisition of an additional stake in RELEX Solutions from Summit Partners.

Blackstone and TCV, two investment firms, completed the acquisition of an additional stake in RELEX Solutions, a provider of unified supply chain and retail planning solutions, from Summit Partners, a global alternative investment firm. Financial terms were not disclosed. “RELEX has cemented its position as a leading next-generation supply chain software player globally. RELEX has an impressive track record of strong growth, successful customer implementation and exceptional customer satisfaction. We are excited to reinvest in the company and look forward to our ongoing partnership to support their continued expansion into new markets and sectors,” Paul Morrissey and Nicolas Dupuis, Blackstone Growth Senior Managing Director and Principal.