Carlyle and software investor Insight Partners have made a majority investment in Exiger, a SaaS (software-as-a-service) company focused on the way corporations, government agencies and banks manage supply chains.
The partnership will help Exiger to continue investing in its product portfolio of AI services that are used in applications across government and commercial markets. The company’s management, founders and existing investor Carrick Capital Partners will reinvest equity as part of the transaction.
“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,” states Brandon Daniels, Exiger CEO.
Alvarez & Marsal, Boston Consulting Group, Nextfed, and PricewaterhouseCoopers served as advisors to Carlyle and Insight Partners. Union Square Advisors LLC and Latham & Watkins LLP also served as advisors to Carlyle, while Deutsche Bank and Willkie Farr & Gallagher LLP also served as advisors to Insight. Jefferies LLC served as financial advisor and Sidley Austin LLP served as legal advisor to Exiger. Ernst & Young and McKinsey & Co. also served as advisors to Exiger.