Funds managed by global investment firm Carlyle and global software investor Insight Partners are to make a majority investment in Exiger, a SaaS company focused on helping corporations, government agencies and banks manage supply chains.
The investment will enable Exiger to continue investing in its product portfolio of AI solutions that are used in critical applications across government and commercial markets. The company’s management, founders, and existing investor Carrick Capital Partners will reinvest equity as part of this transaction.
Founded by Michael Cherkasky and Michael Beber, Exiger serves over 500 customers globally, including 150 of the Fortune 500. Exiger also supports more than 50 government agencies in the protection of the most critical supply chains, defence systems, and infrastructure. The 1Exiger AI platform addresses the entire risk landscape, including foreign ownership, control or influence, environmental, social & governance, cyber, financial health, reputational, national security, regulatory, product, and operational risks.
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 exclusive financial advisor and Sidley Austin LLP served as legal advisor to Exiger. Ernst & Young and McKinsey & Company also served as advisors to Exiger. The transaction is subject to customary closing conditions and regulatory approvals.
