Madison Dearborn Partners To Acquire Majority Stake In Unison From Carlyle

RTTNews | 1522 days ago
Madison Dearborn Partners To Acquire Majority Stake In Unison From Carlyle

(RTTNews) - Unison, a leading provider of procurement, supply chain, and contract management software to U.S. federal government agencies and government contractors, announced Tuesday that it will receive a strategic majority investment from funds affiliated with private equity investment firm Madison Dearborn Partners, LLC.

As part of the transaction, funds managed by global investment firm Carlyle Group (CG) will sell its majority stake to MDP, while remaining a strategic partner as a minority investor. MDP joins existing investors, Carlyle and Unison management, to provide additional resources and industry expertise to Unison. Financial terms were not disclosed.

The transaction is anticipated to close in the third quarter of 2022. Upon closing, funds associated with MDP will own a controlling stake in Unison, while Carlyle will retain a significant minority equity position.

Unison's management team will continue to serve in their current roles and members of Unison leadership will maintain a significant portion of their investment in Unison.

read more
Indian Shares End Off Day's Lows As Oil Prices Ease

Indian Shares End Off Day's Lows As Oil Prices Ease

Indian shares ended Friday's session lower as Middle East tensions persisted, and investors awaited key U.S. CPI data later in the day for additional clues on the Federal Reserve's rate trajectory.
RTTNews | 40 minutes ago
German Stocks Move Modestly Higher As Oil Prices Fall Sharply

German Stocks Move Modestly Higher As Oil Prices Fall Sharply

German stocks moved higher on Friday, recovering from losses posted in the previous two sessions, as oil prices fell sharply following the International Energy Agency (IEA) revising downward its world oil demand forecast for the year.
RTTNews | 55 minutes ago
NZ Dollar Rises Against Majors

NZ Dollar Rises Against Majors

The New Zealand dollar strengthened against other major currencies in the European session Friday.
RTTNews | 1h 36min ago