Carlyle and Insight Partners invest in Exiger at reported $1.2B valuation

Carlyle Group Inc.
CG,
-0.12%
and Insight Partners said Tuesday they agreed to invest an undisclosed sum for a majority stake in privately-held Exiger, a McLean, Va.-based supply chain software-as-a-service company. The investment values Exiger at $1.2 billion, according to a report by the Wall Street Journal citing two people familiar with the deal. Exiger’s current shareholder Carrick Capital Partners will also reinvest an undisclosed amount of equity in Exiger, which was founded by Michael Cherkasky and Michael Beber and is led by Chief Executive Brandon Daniels. Jefferies advised Exiger on the deal. Carlyle Group’s stock is up 40% in 2023, while the S&P 500
SPX,
+0.45%
has risen 23.5%.