January 28, 2023

FDI Forum

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KKR Completes Vast majority Investment in apexanalytix Along with Carousel Cash

NEW YORK & GREENSBORO, N.C.–(Enterprise WIRE)–KKR, a foremost worldwide investment company, and apexanalytix® (“apex” or the “Company”), a foremost supplier of source chain risk management software package and services, right now declared the completion of KKR’s buy of a greater part stake in the Organization. Following the order, apex’s most significant prior shareholder, Carousel Capital (“Carousel”), a personal expense business that invests in corporations located in the Southeastern United States, carries on to maintain a important minority stake in the Corporation alongside KKR.

apex is a pioneer in the source chain computer software, facts, and analytics marketplaces with details-powered application and providers for supplier administration, fraud prevention, and overpayment recovery. The Organization serves about 250 Fortune 500 and Forbes World-wide 2000 providers, protecting a lot more than $8 trillion of yearly spend across a lot of of the world’s most sophisticated supply chains. apex’s solutions support stop and recover much more than $8 billion for the Company’s buyers each individual calendar year. apex’s major suite of merchandise includes its revolutionary overpayment and fraud avoidance program, firststrike, as nicely as its provider management platform, apexportal, and smartvm, which gives a compliant grasp data management answer in global procure-to-shell out processes.

“We are so happy to welcome KKR as our most significant shareholder and a tremendous new strategic lover to assistance us accelerate our mission of staying the ultimate supplier info, threat and prospect administration alternative for the world’s most significant firms,” mentioned Steve Yurko, CEO of apex.

Akhilesh Agarwal, COO of apex’s World-wide P2P Solutions and Technological know-how, mentioned, “We are fired up about how KKR’s international existence, technological know-how and provide chain engineering solution knowledge will support us much better tackle the needs of our clients, partners and associates.” Phil Beane, COO of apex’s Worldwide Transaction Compliance Answers, added, “Our apex associates and leaders are also thrilled about how effectively KKR’s culture matches ours, such as their assist of our associates’ ongoing participation in the fairness growth of the organization.”

“apex supplies a effective platform to assistance business corporations address some of the most pressing troubles struggling with provide chains these days. The group at apex has designed a certainly modern solution to help some of the world’s greatest corporations, with the most sophisticated of source chain functions, reduce risk and increase effectiveness,” mentioned Webster Chua, Associate at KKR. “We are fired up to function with the remarkable crew at apex as they proceed offering most effective-in-class methods to shoppers all around the environment.”

“Over the earlier 8 yrs, we have appreciated working with apex and its management team to create the main technological innovation and expert services answer to handle the advanced offer chain management demands of business prospects,” reported Charles Grigg, Taking care of Husband or wife of Carousel Money. “We are fired up that KKR is investing as apex’s new strategic lover which will make it possible for the enterprise to keep on to accelerate the measurable benefit sent to its clients. And we are thrilled that we will go on as an equity associate and be ready to add to the long run development initiatives of this outstanding small business.”

KKR built the expenditure via its North The usa Fund XIII. Carousel at first invested in apex in 2014 out of its fourth fund and in 2020 sponsored a recapitalization of the business enterprise by way of a solitary asset continuation fund and its fifth fund. Economic terms of the transaction had been not disclosed.

UBS Financial investment Financial institution and Kirkland & Ellis served as advisors to KKR. William Blair and KL Gates served as advisors to apex and Carousel.

About apexanalytix

apexanalytix revolutionized recovery audit with state-of-the-art analytics and the introduction of firststrike overpayment and fraud prevention software package. Right now, apex also leads the entire world in provider administration innovation with apexportal® and smartvm®, now the most greatly utilised supplier onboarding and compliant master information administration alternative in global procure-to-shell out processes. With around 250 customers in the Fortune 500 and International 2000, apex gives businesses and their suppliers with the supreme supplier management working experience.

About KKR

KKR is a main global expenditure agency that features choice asset management as perfectly as money marketplaces and insurance coverage remedies. KKR aims to generate appealing financial investment returns by following a client and disciplined investment solution, utilizing entire world-course persons, and supporting expansion in its portfolio companies and communities. KKR sponsors investment cash that invest in private equity, credit history and genuine belongings and has strategic partners that manage hedge resources. KKR’s coverage subsidiaries present retirement, everyday living, and reinsurance goods underneath the administration of Global Atlantic Economic Team. References to KKR’s investments may possibly contain the routines of its sponsored resources and insurance subsidiaries. For more details about KKR & Co. Inc. (NYSE: KKR), please go to KKR’s web-site at www.kkr.com and on Twitter @KKR_Co.

About Carousel Funds

Based mostly in Charlotte, North Carolina, Carousel Cash is a personal investment firm that invests in organizations situated in the Southeastern United States. Carousel’s investor base involves institutional traders and an elite team of extra than 100 latest and former CEOs with deep connections in the area. Considering the fact that its inception in 1996, Carousel has invested in 48 companies largely in a few qualified progress sectors: organization products and services buyer services and health care solutions.