Our Partnerships

apexanalytix

Business Services

apexanalytix is a leading provider of supplier management, audit, recovery and compliance software and services.

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apexanalytix

Fund V

Location Greensboro, NC

Year of Investment 2020

CEO Steve Yurko

Status Exited 2022 (Partial)

Value Creation Initiatives

What did the business need?

In August 2020, Carousel partnered with management to acquire apexanalytix via a continuation fund to provide continued support through access to liquidity for the ongoing organic growth initiatives of the management team.

What outcomes did we achieve?

In July of 2022, Fund V (in parallel to several other Carousel-sponsored investment funds) completed a partial exit to KKR. 

How did we create value?

  • Invested significantly in the Company’s technology, sales and marketing teams
  • Supported the buildout of relationships with implementation partners to drive scalability
  • Acceleration of SaaS revenue growth

Fund IV

Location Greensboro, NC

Year of Investment 2014

CEO Steve Yurko

Status Exited 2020

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?

  • Instituted a management equity incentive plan to allow key management members to participate in the value creation they drive
  • Recruited new CFO to support existing management team
  • Supported transition of software platform from perpetual license to SaaS model 
  • Invested heavily in technology platform and human capital infrastructure to support development and rapid growth of new software solutions