Castrén & Snellman, together with Wilson Sonsini Goodrich & Rosati and Taylor Wessing, advised Blackstone Growth (BXG), Blackstone’s growth equity investing business, on the EUR 500 million funding round of Retail Logistics Excellence – RELEX Oy, a Finland-based provider of unified retail planning solutions.
The funding round, led by funds managed by Blackstone Growth (BXG), values Relex Solutions at EUR 5 billion and is the largest funding round raised by a Finnish growth company to date. The funding raised allows the company to continue its growth path by hiring hundreds of developers and experts to grow its technical team that already stands at over 400 people strong.
RELEX Solutions is a software company that automates and optimizes supply chain, merchandising, and operational decisions for retailers and consumer packaged goods companies. With the rise of both regulations and corporate initiatives to reduce waste and drive social, economic, and environmental benefits, RELEX Solutions is a key partner for companies to reach their sustainability goals without sacrificing customer experience. Headquartered in Helsinki, Finland, the company employs over 1,300 people globally.
Blackstone is the world’s largest alternative investment firm with assets under management of USD 881 billion.
