APEX Analytix
Business Services
APEX Analytix is a leading provider of audit, recovery and compliance technology and services to global Fortune 1000 companies.
IV
Fund
IV
Fund
Fund IV
Location Greensboro, NC
Year of Investment 2014
CEO Steve Yurko
Status Exited 2020
Results
Increased revenue from SaaS solutions 150%+since 2014
Increased EBITDA by 2xduring Carousel's hold period
Added 75+new product development and implementation resources to support growth of the Company's software platform
Value Creation Initiatives
What did the business need?
In July 2014, Carousel partnered with management to recapitalize APEX and invest in management’s plan to transform and accelerate the growth of the Company’s software platform.
What outcomes did we achieve?
In August of 2020, Fund IV exited APEX via a continuation fund sponsored by Carousel entities, including Fund V.
How did we create value?
The team at Carousel have been great partners for me and the business since we undertook our recapitalization in 2014. Their understanding of APEX's business, and belief in and relationship with our team and its vision have enabled us to pursue and achieve growth and execute upon several strategic objectives that have made a significant impact for our customers. In addition to providing capital, I found that their knowledge, patience and partnership approach proved invaluable as we transformed our business from a services provider to a software and technology leader in the P2P industry. I have truly enjoyed the relationship on a personal level and the business results have been exceptional.
Steve Yurko, CEO, APEX Analytix
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Related News
August 18, 2020
Carousel Capital Sponsors New Investment in apexanalytixJuly 25, 2014
Carousel Capital Leads Acquisition of APEX Analytix