Investment Will Fuel Expansion into International Markets and Enhance Product Offerings
PORTLAND, OR – July 21, 2025 – 9:00 AM ET –NAVEX (the “Company”), a leading global provider of ethics, risk and compliance management software, announces that it has entered into a definitive agreement under which the Private Equity business at Goldman Sachs Alternatives will acquire a majority stake in the Company from BC Partners and Vista Equity Partners (“Vista”). Funds managed by Blackstone’s private equity strategy for individual investors (“Blackstone”) will also become a significant minority investor in the Company. NAVEX’s current majority shareholder, BC Partners, will retain a significant minority stake. Vista will fully exit its investment in the company. The transaction affirms NAVEX’s strategy to bolster its market-leading position through international expansion, continued success of its NAVEX One integrated GRC platform, and strategic M&A activity.
Headquartered outside of Portland, Oregon, NAVEX works with over 13,000 businesses and organizations globally. The NAVEX One platform provides the world’s most comprehensive ethics, risk and compliance management solutions, allowing clients to proactively address related issues and to respond quickly and effectively in an increasingly complex regulatory landscape.
“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,” said 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,” added Joon Park, Managing Director at Goldman Sachs Alternatives. “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.”
“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,” said Andrew Bates, CEO 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.”
“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,” said David Schwartz, a Senior Managing Director at Blackstone. “We are thrilled to partner with Goldman Sachs Alternatives, BC Partners and management to support NAVEX’s continued innovation and long-term growth.”
“Today, NAVEX is the global leader in ethics, risk and compliance management software,” said F. Mark Fariborz, Partner and Co-Head, Technology at BC Partners. “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.”
“NAVEX has grown into a premier digital compliance platform that helps thousands of organizations around the world confidently manage complex risks,” said Michael Fosnaugh, Co-Head of Vista’s Flagship Fund and Senior Managing Director. “We are proud to have partnered with them to reach this milestone and wish them continued success moving forward.”
Details of the transaction were not disclosed.
Goldman Sachs Alternatives was advised by Weil, Gotshal & Manges. NAVEX was advised by J.P. Morgan and Simpson Thacher & Bartlett LLP.
About NAVEX
Trusted by over 13,000 organizations, including 75% of Fortune 100 and 500 companies, NAVEX is the global leader in ethics, risk and compliance management solutions. Its NAVEX One platform strengthens risk and compliance programs, empowering organizations with unparalleled industry benchmark data and insights. NAVEX One provides a 360-degree view of enterprise, third party and ecosystem risk for enhanced regulatory compliance and proactive risk management. Based in Lake Oswego, OR, with a global presence, NAVEX continues to shape the future of governance, risk and compliance. Visit our blog or follow us on LinkedIn, Facebook, and YouTube.
About Private Equity at Goldman Sachs Alternatives
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, hedge funds, and sustainability. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors, and individuals. Goldman Sachs has over $3.3 trillion in assets under supervision globally as of June 30, 2025. Established in 1986, Private Equity at Goldman Sachs Alternatives has invested over $75 billion since inception. The business combines a global network of relationships, unique insight across markets, industries and regions, and the worldwide resources of Goldman Sachs to build businesses and accelerate value creation across its portfolios. Follow us on LinkedIn.
About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our nearly $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.
About BC Partners
BC Partners is a leading investment firm with circa €40 billion in assets under management across private equity, private debt, and real estate strategies. Established in 1986, BC Partners has played an active role for nearly four decades in developing the European buy-out market. Today BC Partners’ integrated transatlantic investment teams work from offices in Europe and North America and are aligned across our four core sectors: TMT, Healthcare, Services & Industrials, and Food. Since its foundation, BC Partners has completed over 130 private equity investments and is currently investing its eleventh private equity buyout fund. For further information, please visit https://www.bcpartners.com/
For media enquiries:
For NAVEX:
Kim Blomgren
NAVEX
kim.blomgren@navex.com
For Goldman Sachs:
Victoria Zarella
victoria.zarella@gs.com
For Blackstone
Rebecca Flower
Rebecca.Flower@Blackstone.com
+44 (20) 7451 4005
Jennifer Heath
Jennifer.Heath@Blackstone.com
347-603-9256
For BC Partners:
Luke Charalambous
luke.charalambous@BCPartners.com
+44 7775 180 721