TPG Announces $228 Million Strategic Growth Investment in Sayari, a Leading Counterparty & Supply Chain Risk Platform
16 Janvier 2024 - 3:00PM
Business Wire
Sayari, a counterparty and supply chain risk intelligence
provider trusted by government agencies, multinational
corporations, and financial institutions, and TPG (NASDAQ: TPG), a
global alternative asset management firm, today announced that they
have signed a definitive agreement for TPG Growth, the firm’s
middle market and growth equity platform, to make an up to $228
million strategic majority investment in Sayari. Sayari’s founders,
employees, and existing investors will retain a significant stake
in the company.
Founded in 2015, the Sayari platform integrates global corporate
and supply chain data to surface risk insights for investigations,
analytics, and supply chain risk management. Today, Sayari’s
platform is trusted by users from across global regulators, law
enforcement, and national security agencies, as well as over 100 of
the world's largest public and private companies. Sayari has seen
explosive growth since the release of its platform in 2020 with
consecutive rankings by Deloitte and Inc. Magazine as one of the
fastest growing technology companies in North America. The
partnership with TPG will accelerate Sayari’s global expansion in
2024 and support the launch of a new supply chain illumination
platform leveraging responsible AI to extract deeper insights from
Sayari’s industry-leading and authoritative supply chain data.
“As the global business landscape continues to evolve, companies
are facing an increasingly complex set of risks and are being held
accountable for the counterparties with which they partner,” said
Mike Zappert, Partner at TPG. “Sayari sits at the intersection of
these trends. Through its unique data assets built over many years,
Sayari’s platform drives greater insights into emerging threats and
gives organizations more power to protect the people, businesses,
and nations they serve. TPG has invested behind leading information
services and government technology businesses for more than two
decades, and we look forward to partnering with the Sayari team on
their journey.”
“Whether it’s a regulatory body or Fortune 500 company, our
platform arms leaders with the information they need to make
decisions that promote safer global commerce,” said Farley Mesko,
Co-Founder and CEO of Sayari. “This strategic partnership marks a
crucial milestone in Sayari’s journey to revolutionize the
landscape of risk intelligence technology as we launch our second
product, a new fully automated supply chain screening platform
leveraging our industry leading knowledge graph alongside cutting
edge technologies. We see a massive opportunity in the supply chain
risk space to drive down costs and deliver superior insights to
decision makers and we’re pleased to have a partner who shares our
vision. TPG brings tremendous resources, operational expertise, and
a customer-first philosophy that is truly unique.”
This investment comes at a time of considerable growth for
Sayari. In 2023, the company was awarded contracts in the U.S., UK,
Canada, Australia, and the EU, supporting trade enforcement, forced
labor risk, Military End Use restrictions, and complex
investigations. As regulatory scrutiny over global supply chains
has spread, the company’s expansion into international governments
has accelerated 950%1 over the past year. With momentum across
government and enterprise, TPG and Sayari aim to develop
groundbreaking technology that tackles the world’s most pressing
challenges.
The transaction is expected to close in the first quarter of
2024, following customary regulatory approvals.
Goldman Sachs & Co. LLC served as financial advisor to TPG,
and Kirkland & Ellis served as legal counsel. William Blair
served as financial advisor to Sayari, and Manatt, Phelps &
Phillips, LLP served as legal counsel.
About TPG
TPG (Nasdaq: TPG) is a leading global alternative asset
management firm, founded in San Francisco in 1992, with $212
billion2 of assets under management and investment and operational
teams around the world. TPG invests across a broadly diversified
set of strategies, including private equity, impact, credit, real
estate, and market solutions, and our unique strategy is driven by
collaboration, innovation, and inclusion. Our teams combine deep
product and sector experience with broad capabilities and expertise
to develop differentiated insights and add value for our fund
investors, portfolio companies, management teams, and communities.
For more information, visit www.tpg.com.
About Sayari Labs
Sayari is the counterparty and supply chain risk intelligence
provider trusted by government agencies, multinational
corporations, and financial institutions. Its intuitive network
analysis platform surfaces hidden risk through integrated corporate
ownership, supply chain, trade transaction and risk intelligence
data from over 250 jurisdictions. Sayari is headquartered in
Washington, D.C., and its solutions are used by thousands of
frontline analysts in over 35 countries. To learn how Sayari powers
safer global commerce, please visit sayari.com.
[1] Annual Recurring Revenue (ARR) growth [2] As of September
30, 2023, including AUM attributable to TPG Angelo Gordon on a pro
forma basis.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240115110871/en/
Media Contact Julia Sottosanti media@tpg.com (415)
743-1550
TPG (NASDAQ:TPG)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
TPG (NASDAQ:TPG)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024