Union Square Advisors Serves as Financial Advisor to Carlyle in its Majority Investment in Exiger

in its majority investment in
Business/Productivity Software
Supply Chain Technology
Artificial Intelligence
Machine Learning
Other Commercial Services
Consulting Services (B2B)

Demonstrates Union Square Advisors’ extensive platform, comprehensive advisory services and expertise in the risk management and supply chain management sectors

On December 19, 2023 Union Square Advisors announced it has served as financial advisor to Carlyle, a global investment firm, in its majority investment in Exiger, the market leading SaaS company revolutionizing the way corporations, government agencies and banks manage supply chains. Carlyle’s majority investment is made in partnership with Insight Partners, a global software investor. As part of the transaction, the company’s management, founders and existing investor Carrick Capital Partners will reinvest equity as well. Financial terms of the transaction were not disclosed.

Established in 2013, Exiger empowers global organizations to manage risk, reduce cost and improve resilience across supply chains and third-party ecosystems by providing mission-critical enterprise software that delivers visibility and insights. Utilizing its award-winning AI technology, Exiger leads the way in ESG, cyber, financial crime, third-party and supply chain management. The company has more than 700 employees in 10 global offices and serves more than 500 customers, including 150 of the Fortune 500. Exiger also supports more than 50 government agencies in their mission to protect the most critical supply chains, defense systems, and infrastructure.

The partnership between Carlyle, Insight Partners and the company will enable Exiger to continue investing in its award-winning product portfolio of AI solutions that are used in critical applications across government, defense and commercial markets.

“This partnership is a joint effort between Carlyle’s Technology and Government Services teams, a perfect example of our strategy to invest in areas where we believe the firm has deep expertise and can add meaningful value,” said Steve Bailey, a Managing Director on Carlyle’s Technology team, and Dayne Baird, a Managing Director on Carlyle’s Government Services team. “Leveraging Carlyle’s differentiated expertise in AI and its long history in backing high-growth businesses that sell into government and the commercial sectors in which Carlyle focuses including aerospace, government services, financial services, industrial, healthcare, and consumer, we are excited to partner with Exiger’s world-class management team to work to accelerate product innovation and customer engagement.”

“Exiger’s AI technology transforms the way organizations identify and manage risk, reduce cost and increase resilience across their supplier and third-party ecosystems. We are thrilled to partner with Carlyle and Insight Partners as we continue to invest in our 1Exiger platform which empowers our customers to make confident, deliberate decisions informed by real-time insights,” said Brandon Daniels, Exiger CEO.

“Union Square Advisors is incredibly pleased to partner with Carlyle in this transaction,” said Carter McClelland, Chairman at Union Square Advisors. “Today’s announcement represents another successful transaction in the risk and compliance sector and highlights our continued focus and success working with market-leading risk management and supply chain management companies serving both commercial and government sectors.”

The transaction is subject to customary regulatory approvals.

Read the full press release here.

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