The Carlyle Group has invested about $400m in ION Investment Group, a provider of mission-critical trading and workflow automation software solutions to financial institutions, central banks, and corporates.
The US-based alternative asset manager said that the latest investment aligns with its global commitment to technology, media and telecom, where it has invested over $22bn of equity since launch.
Equity for the deal with ION was provided mainly by Carlyle Partners VI, which is a $13bn fund investing in corporate buyouts and strategic minority investments.
Carlyle operating executive Renee James and Carlyle Global Technology, Media, and Telecommunications group managing director Cam Dyer have been added to ION’s board of directors.
"I look forward to working with ION’s world-class management team to help large enterprises digitize and automate their critical business processes through ION’s integrated and unified next generation technology architecture," James said.
ION CEO Andrea Pignataro added: "We are excited to partner with Carlyle tosupport our next phase of growth. Carlyle will bring significant value through its global network, M&A experience and capital, as well as its software and financial technology industry expertise."