He added, “We appreciate the guidance, confidence, and support of the entire Blackstone team in helping us fuel our continued growth over the past three years. Goldman Sach's private equity arm and Thomas H Lee Partners are to buy GCA Services Group from Blackstone Group, for an undisclosed amount, though sources suggest the purchase price is in the region of $1bn, including debt. The deal will see GSA, which has been working with a number of banks on its own IT services, take over GCA's operations as well as some of its staff.
Goldman Sach's private equity arm and Thomas H Lee Partners are to buy GCA Services Group from Blackstone Group, for an undisclosed amount, though sources suggest the purchase price is in the region of $1bn, including debt. The deal will see GSA, which has been working with a number of banks on its own IT services, take over GCA's operations as well as some of its staff.