Carlyle to sell down stake in Unison to Madison Dearborn, two years after buying back into business

Jul 13, 2022 | News

Carlyle has agreed to sell a majority stake in US government procurement and supply chain software provider Unison to Madison Dearborn Partners, two years after buying back into the business it previously owned in the 2000s.

Madison’s investment will see Carlyle retain a minority stake in Unison, which provides management software to help government agencies and contractors navigate the complex rules and compliance requirements of procurement and grants, program management and contract lifecycle management.

Madison Dearborn managing director Matt Norton said, “Unison is an innovative company with a longstanding track record of success and an established strong leadership position in the government procurement software market.

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“Unison sits right at the intersection of our team’s core focus areas, and we look forward to applying our extensive expertise to help drive Unison forward in the service of the US federal government and its key contractors.”

Carlyle managing director Steve Bailey added, ” The team has executed their plan and grown through investment in products, continued organic growth and the completion of two strategic acquisitions to expand their solutions and accelerate international growth.

“Our partnership with Unison is aligned with Carlyle’s long history of investing in leading industry-specific application software companies.”

The deal is anticipated to close in the third quarter of 2022.

Carlyle previously owned Unison between 2005 and 2010.

Source: AltAssets

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