KKR Completes Majority Investment in apexanalytix Alongside Carousel Capital

{{article.author.firstname}} {{article.author.lastname}}
Sarah Fane
Jul 26, 2022

KKR, a global investment firm, and apexanalytix (apex), a provider of supply chain risk management software and services, announced the completion of KKR’s purchase of a majority stake in the Company. Following the purchase, apex’s largest prior shareholder, Carousel Capital, continues to hold a significant minority stake in the Company alongside KKR.


apexanalytix is a pioneer in the supply chain software, data, and analytics markets with data-powered software and services for supplier management, fraud prevention, and overpayment recovery. The Company serves over 250 Fortune 500 and Forbes Global 2000 companies, protecting more than $8 trillion of annual spend across many of the world’s most complex supply chains. apex’s solutions help prevent and recover more than $8 billion for the Company’s customers every year.


“We are so pleased to welcome KKR as our largest shareholder and a tremendous new strategic partner to help us accelerate our mission of being the ultimate supplier information, risk and opportunity management solution for the world’s largest companies,” said Steve Yurko, CEO of apex.

Akhilesh Agarwal, COO of apex’s Global P2P Solutions and Technology, said, “We are excited about how KKR’s global presence, technical expertise and supply chain technology solution experience will help us better address the needs of our customers, partners and associates.” Phil Beane, COO of apex’s Global Transaction Compliance Solutions, added, “Our apex associates and leaders are also thrilled about how well KKR’s culture matches ours, including their support of our associates’ ongoing participation in the equity growth of the company.”


“apex provides a powerful platform to help enterprise organizations address some of the most pressing challenges facing supply chains today. The team at apex has built a truly innovative solution to help some of the world’s largest businesses, with the most complex of supply chain operations, reduce risk and increase efficiency,” said Webster Chua, Partner at KKR. “We are excited to work with the exceptional team at apex as they continue delivering best-in-class solutions to customers around the world.”


“Over the past eight years, we have enjoyed working with apex and its management team to build the leading technology and services solution to address the complex supply chain management needs of enterprise customers,” said Charles Grigg, Managing Partner of Carousel Capital. “We are excited that KKR is investing as apex’s new strategic partner which will allow the company to continue to accelerate the measurable value delivered to its customers. And we are thrilled that we will continue as an equity partner and be able to contribute to the future growth initiatives of this incredible business.”


KKR made the investment through its North America Fund XIII. Carousel initially invested in apex in 2014 out of its fourth fund and in 2020 sponsored a recapitalization of the business through a single asset continuation fund and its fifth fund. Financial terms of the transaction were not disclosed.

UBS Investment Bank and Kirkland & Ellis served as advisors to KKR. William Blair and KL Gates served as advisors to apex and Carousel.


To read this article you have to be registered.

Become a member to access all content and / or download it

We value your privacy

We use cookies to enhance your browsing experience and analyze our traffic. By clicking 'Accept All' you consent to our use of cookies.