Energy Exemplar has been acquired by Blackstone and Vista Equity Partners
The deal is worth more than $US1bn ($1.6bn)
Energy Exemplar sells simulation software for energy, water, gas and renewable companies
Adelaide-based Energy Exemplar, which sells price prediction software, has been acquired by Blackstone and Vista Equity Partners in a deal worth more than $1.6 billion.
Major shareholder Riverside Company, a private equity firm, will cash out after spending years fending off interested parties looking for tools to better profit from the global energy transition.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
