Blackstone, the world’s largest alternative asset manager, has agreed to buy energy data and analytics provider Enverus, in a deal that could value the target at $6.5 billion. The transaction, expected to close by the end of 2025, reflects a revival in mergers and acquisitions amid easing economic uncertainty.

Enverus CEO Manuj Nikhanj stated, “Blackstone shares our conviction that the future of energy will be defined by AI, real-time intelligence, and bold execution.” The deal marks Blackstone’s latest investment in the energy sector, with the private equity firm committing between $6.1 billion and $6.4 billion to acquire Enverus.

Reuters reported in May that private equity firm Hellman & Friedman had launched a sale process for Enverus, which attracted interest from buyout firms and other companies. H&F had bought Enverus from another private equity firm Genstar Capital in a $4.25 billion deal in 2021, setting the stage for Blackstone’s acquisition.

RBC Capital Markets and Simpson Thacher & Bartlett advised Blackstone on the deal, while Citi, Morgan Stanley, and Kirkland & Ellis advised Enverus and H&F. The transaction is expected to close by the end of 2025, further solidifying Blackstone’s position in the energy data and analytics sector.

Read more at Yahoo Finance: Blackstone clinches $6.5 billion Enverus deal