Simpson Thacher represented funds managed by Blackstone Tactical Opportunities in connection with a $425M preferred equity investment in Buyers Edge Platform from a consortium led by General Atlantic Credit’s Atlantic Park fund. Buyers Edge Platform intends to leverage the new funds to support the execution of its continued growth initiatives, including platform innovation, strategic M&A, and European expansion.~~Buyers Edge Platform is a leading software and analytics company that partners with stakeholders across the industry value chain to provide data visibility and purchasing transparency. Underpinned by over $60 billion of aggregated spend volume, Buyers Edge Platform empowers stakeholders to reduce their costs, streamline supply chains, and utilize technology to run their businesses more efficiently and profitably.~~The Simpson Thacher team includes Michael Chao, Anthony Vernace and Julia Tory (M&A); and Jonathan Goldstein, Sophie Staples, Lina Pan and Shareef Salfity (Tax).