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Unison, a prominent provider of procurement and contract management software, is set to receive a majority investment from Madison Dearborn Partners (MDP). This investment will facilitate Unison's growth and software innovation in the government contracting sector. Existing investor Carlyle will sell its majority stake but will maintain a minority position. With over 200,000 end users, Unison serves all 15 U.S. cabinet-level agencies. The transaction is expected to close in Q3 2022, positioning Unison for accelerated development in federal government software solutions.
Positive
Strategic majority investment from Madison Dearborn Partners enhances financial resources and growth potential.
Carlyle retains a significant minority stake, indicating continued strategic support.
Unison's established position in the government contracting software market with over 200,000 users supports strong growth prospects.
Negative
None.
MDP Partners with Unison’s Management Team and Carlyle to Support the Company’s Software Innovation and Continued Growth in the Government Contracting and Procurement Sector
DULLES, Va.--(BUSINESS WIRE)--
Unison, a leading provider of procurement, supply chain, and contract management software to U.S. federal government agencies and government contractors, today announced that it will receive a strategic majority investment from funds affiliated with Madison Dearborn Partners, LLC (“MDP”), a leading private equity investment firm based in Chicago. As part of the transaction, funds managed by global investment firm Carlyle (NASDAQ: 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 help Unison continue to enhance its innovative software offerings and growth trajectory. Financial terms were not disclosed.
Founded in 1983, Unison is a leading provider of purpose-built procurement and contract management software solutions to U.S. federal government agencies and government contractors. Unison offers its clients differentiated solutions to help them transact and manage contracts more efficiently and comply with complex federal contracting requirements. A trusted partner with longstanding relationships and a track record of customer-led success, Unison currently serves all 15 U.S. cabinet-level agencies and has more than 200,000 product end users.
“We are thrilled to welcome our new partners from MDP and look forward to their support as we continue to execute our strategy to provide innovative and reliable software solutions for federal organizations and government contractors,” said Reid Jackson, CEO of Unison. “MDP brings a wealth of experience and additional financial resources that will allow Unison to accelerate our growth and deliver world-class software products to meet the evolving needs of our customers. MDP’s track record of successful partnerships with vertical enterprise software, procurement and supply chain, and government services and technology companies will greatly benefit Unison as we enter this pivotal new chapter in Unison’s history.”
“We are excited to enter into this partnership with the talented team at Unison and Carlyle. Unison is an innovative company with a longstanding track record of success and an established strong leadership position in the government procurement software market,” said Matt Norton, Managing Director and Head of the Business & Government Software and Services team at MDP. “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 U.S. federal government and its key contractors.”
Steve Bailey, Managing Director at Carlyle, said: “We have had the pleasure of working with Reid and the Unison team to help them grow into the market leader they are today. 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. We’re excited about the opportunity to partner with MDP during the next phase of Unison’s growth.”
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.
Baird is serving as the exclusive financial advisor, Latham & Watkins LLP is providing legal counsel, and PwC is providing financial advisory services for Unison and Carlyle. Lincoln International is acting as the exclusive financial advisor to MDP, while Kirkland & Ellis LLP and Crowell & Moring LLP are providing legal counsel for MDP. Committed financing for the transaction has been provided by Antares Capital.
About Unison
Unison’s secure cloud and on-premise software, marketplace, and information products “Power the Business of Government” by supporting more than 200,000 users in leading federal prime contractors, all U.S. cabinet-level agencies, and major Department of Defense programs.
For more than 30 years, Unison has continually advanced software and insight solutions to help customers efficiently achieve their missions. Unison is headquartered in Dulles, VA.
Madison Dearborn Partners, LLC (“MDP”) is a leading private equity investment firm based in Chicago. Since MDP’s formation in 1992, the firm has raised aggregate capital of over $28 billion and has completed over 150 investments. MDP invests across five dedicated industry verticals, including basic industries; business and government software and services; financial and transaction services; health care; and telecom, media and technology services. For more information, please visit www.mdcp.com.
About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $325 billion of Assets Under Management as of March 31, 2022, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs nearly 1,900 people in 26 offices across five continents. Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.
What investment is Unison receiving from Carlyle and MDP?
Unison is receiving a strategic majority investment from Madison Dearborn Partners, with Carlyle selling its majority stake while remaining a minority investor.
When is the Unison and MDP transaction expected to close?
The transaction is anticipated to close in the third quarter of 2022.
What is the strategic importance of the investment in Unison?
The investment aims to enhance Unison's software innovation and growth in the government contracting and procurement sectors.
How many users does Unison currently serve?
Unison serves over 200,000 end users across all 15 U.S. cabinet-level agencies.
What role will Carlyle play after the investment from MDP?
Carlyle will retain a significant minority equity position and continue as a strategic partner.
