M&A Deal Summary

The Carlyle Group, Insight Partners and Carrick Capital Partners Acquire Exiger

On December 19, 2023, private equity firm The Carlyle Group, venture capital firm Insight Partners and growth capital firm Carrick Capital Partners acquired business services company Exiger from Carrick Capital Partners

Acquisition Highlights
  • This is The Carlyle Group’s 34th, Insight Partners’ 1st and Carrick Capital Partners’ 6th transaction in the Business Services sector.
  • This is The Carlyle Group’s 347th, Insight Partners’ 70th and Carrick Capital Partners’ 23rd transaction in the United States.
  • This is The Carlyle Group’s 25th, Insight Partners’ 6th and Carrick Capital Partners’ 4th transaction in New York.

M&A Deal Summary

Date 2023-12-19
Target Exiger
Sector Business Services
Buyer(s) The Carlyle Group
Insight Partners
Carrick Capital Partners
Sellers(s) Carrick Capital Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies (Financial)
Sidley
Ernst & Young - Law (Legal)

Target

Exiger

New York, New York, United States
Exiger is an operator of global regulatory and financial crime, risk and compliance company. Exiger arms financial institutions, multinational corporations and governmental agencies with the practical advice and technology solutions they need to prevent compliance breaches, respond to risk, remediate major issues and monitor ongoing business activities. Exiger was founded in 2013 and is based in New York City.

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Buyer(S) 3

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 741 of 742
Sector (Business Services) 34 of 34
Type (Secondary Buyout) 129 of 129
State (New York) 25 of 25
Country (United States) 347 of 348
Year (2023) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-23 GBTEC

Bochum, Germany

GBTEC is a provider of business process management, integrated risk management, and IT management. GBTEC is based in Bochum, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-20 CMC Networks

Sandton, South Africa

CMC Networks is a Pan-African provider of managed connectivity solutions for global telecoms providers. CMC has a network and office footprint spanning 50 countries in Africa, as well as an extensive Middle Eastern network and key connection points across the globe. Their propriety network allow global telecom companies to provide reliable and high-quality enterprise connectivity to corporate clients across Africa and the Middle East. CMC Networks was founded in 1989 and is based in Sandton, South Africa.

Sell -
Buyer

Insight Partners

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1995
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 88 of 89
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 21 of 22
State (New York) 6 of 6
Country (United States) 70 of 70
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-18 Alteryx

Irvine, California, United States

Alteryx is a provider of self-service data analytics software. Alteryx's software platform enables organizations to dramatically improve business outcomes and the productivity of their business analysts. Alteryx's subscription-based platform allows organizations to prepare, blend, and analyze data from a multitude of sources and more quickly benefit from data-driven decisions. The ease-of-use, speed, and sophistication that its platform provides is enhanced through intuitive and highly repeatable visual workflows. Alteryx was founded in 1997 and is based in Irvine, California.

Buy $4.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-14 Jama Software

Portland, Oregon, United States

Jama Software is a product development platform for companies building complex, smart and connected products. The Jama solution enables enterprises to accelerate development time, mitigate risk, slash complexity and verify regulatory compliance. Jama Software is based in Portland, Oregon.

Sell $1.2B
Buyer

Carrick Capital Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

Carrick Capital Partners is a private equity firm focused on 'tech-enabled' businesses (business process outsourcing, transaction processing, and software) where the firm can leverage its expertise in building value. Carrick typically makes direct investments in privately-held companies with proven potential for fast growth and/or profitability. Prospective companies generally have revenues of $20 to $100 million with gross margins in excess of 40%. Carrick Capital is based in San Francisco.


DEAL STATS #
Overall 24 of 24
Sector (Business Services) 6 of 6
Type (Secondary Buyout) 1 of 1
State (New York) 4 of 4
Country (United States) 23 of 23
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-12 Infinia ML

Durham, North Carolina, United States

Infinia ML is a provider of automating complex processes through the latest advances in machine learning. Infinia ML was founded in 2017 and is based in Durham, North Carolina.

Sell -

Seller(S) 1

SELLER

Carrick Capital Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

Carrick Capital Partners is a private equity firm focused on 'tech-enabled' businesses (business process outsourcing, transaction processing, and software) where the firm can leverage its expertise in building value. Carrick typically makes direct investments in privately-held companies with proven potential for fast growth and/or profitability. Prospective companies generally have revenues of $20 to $100 million with gross margins in excess of 40%. Carrick Capital is based in San Francisco.


DEAL STATS #
Overall 12 of 12
Sector (Business Services) 4 of 4
Type (Secondary Buyout) 4 of 4
State (New York) 1 of 1
Country (United States) 12 of 12
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-12 Infinia ML

Durham, North Carolina, United States

Infinia ML is a provider of automating complex processes through the latest advances in machine learning. Infinia ML was founded in 2017 and is based in Durham, North Carolina.

Sell -