The Service of the Commission for the Protection of Competition has received a notification of a concentration concerning the acquisition of part of the share capital of R Systems International Limited, by Blakstone Inc., via BCP Asia II Topco II Pte. Ltd.
BCP Asia II Topco II Pte. Ltd is a special purpose vehicle, duly registered under the laws of Singapore, with no prior activities, incorporated to operate as an acquisition company for the purposes of the Transaction. BCP Asia II Topco II Pte. Ltd is controlled by investment funds which are advised/managed by affiliated companies of Blackstone Inc..
Blackstone Inc. is a global alternative asset manager, listed in the New York Stock Exchange which operates as an investment management company and not as a conglomerate or as a decision-maker. Therefore, each company in Blackstone's investment portfolio is subject to separate management and financing and each has different investors (although investors from Blackstone's different investment funds may overlap). Each Blackstone holding company has its own management board, which often includes representatives of Blackstone.
R Systems International Limited is a leading provider of technology, artificial intelligence, analytics and knowledge services. R Systems works with customers to activate or upgrade their digital transformation with its diversified digital offerings. The services and solutions of the Target coverr five major business sectors, i.e. Technology, Telecommunications, Health & Life Science, Finance and Insurance and Retail and e-commerce.