DiscoverOrg announces strategic minority investment by Carlyle Group
DiscoverOrg announced that it has completed a strategic minority investment by global alternative asset manager The Carlyle Group along with additional investment to come from 22C Capital. TA Associates will maintain a significant equity stake in DiscoverOrg. DiscoverOrg's sales intelligence platform is designed to provide highly accurate data and insights that sales and marketing teams need to zero in on their unique target market, prioritize accounts and contacts based on likelihood to purchase, and engage the right buyer at the right time with the right conversation - leading to more customers and faster revenue growth. Equity for the investment came from Carlyle Partners VI, a $13B U.S. buyout fund. Raymond James & Associates and Cascadia served as financial advisors to DiscoverOrg. Goodwin Procter LLP served as legal advisors to DiscoverOrg and TA Associates. Debevoise & Plimpton served as legal advisors to Carlyle.