Carlyle provides about $400 mln to ION

By Iris Dorbian — 5 months ago

The Carlyle Group has acquired a minority stake in ION Investment Group for about $400 million. Evercore and Allen & Overy advised Carlyle on the transaction. In conjunction with this investment, Carlyle’s Renee James and Cam Dyer have been added to ION’s board of directors. ION is a provider of software for financial institutions and banks.