M&A Deal Summary

Cinven Acquires Jaggaer

On July 8, 2019, private equity firm Cinven acquired software company Jaggaer from Accel-KKR

Acquisition Highlights
  • This is Cinven’s 3rd transaction in the Software sector.
  • This is Cinven’s 14th transaction in the United States.
  • This is Cinven’s 3rd transaction in North Carolina.

M&A Deal Summary

Date 2019-07-08
Target Jaggaer
Sector Software
Buyer(s) Cinven
Sellers(s) Accel-KKR
Deal Type Secondary Buyout

Target

Jaggaer

Morrisville, North Carolina, United States
website
Jaggaer is a provider of procurement software for large and medium-sized enterprises. Jaggaer provides cloud-based Source-to-Pay eProcurement solutions for spend management, which enables a fluid supply chain for its customers, driven by powerful spend analytics, vendor sourcing, contract lifecycle management, savings tracking, and efficient accounts payable systems on a single platform. Jaggaer was founded in 1995 and is based in Morrisville, North Carolina.

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Buyer(S) 1

Buyer

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.


DEAL STATS #
Overall 159 of 181
Sector (Software) 3 of 6
Type (Secondary Buyout) 43 of 52
State (North Carolina) 3 of 5
Country (United States) 14 of 19
Year (2019) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-05 OMNES Education

Paris, France

OMNES Education operates 16 schools worldwide with campuses across France, the UK, the US, China, Switzerland and Monaco, as well as online education programmes. OMNES Education offers degrees and accreditation programmes principally in Management & Business, Engineering, Communications & Marketing and Political Science, providing courses for approx. 25,000 students annually. OMNES Education was founded in 1975 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-04 National Seating & Mobility

Franklin, Tennessee, United States

National Seating & Mobility is a provider of complex rehabilitation seating, mobility, and positioning systems. NSM provides personalised solutions to individuals with mobility challenges by bringing together industry-leading expertise, uniquely engineered systems, and breakthrough technologies. National Seating & Mobility was founded in 1992 and is based in Franklin, Tennessee.

Buy -

Seller(S) 1

SELLER

Accel-KKR

Menlo Park, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Accel-KKR is a private equity firm that seeks control and growth-oriented investments in middle-market technology companies. The Firm targets investments in public and private companies with revenues ranging from $15 to $150 million. Accel-KKR pursues transactions across multiple segments of the technology industry, including software, hardware and internet technologies, and IT enabled services. Accel-KKR's first fund was created in 2000 by Accel Partners and Kohlberg Kravis Roberts & Co. to invest in technology assets and businesses that were outside of each firm's core focus. Accel-KKR is based in Menlo Park, California.


DEAL STATS #
Overall 28 of 52
Sector (Software) 13 of 23
Type (Secondary Buyout) 10 of 15
State (North Carolina) 1 of 2
Country (United States) 21 of 41
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-28 Lemontech

Las Condes, Chile

Lemontech is a provider of SaaS software for law firms and corporate legal departments, with clients across 18 geographies in Latin American region. Lemontech’s main product offering includes time billing and case tracking, legal tech solutions geared toward tracking and managing billable hours to clients as well as judicial case management. Lemontech is based in Las Condes, Chile.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-24 Sandata Technologies

Port Washington, New York, United States

Sandata Technologies is a provider of information technology solutions and services, which include scheduling, time and attendance, billing, payroll, compliance and clinical applications, for the home healthcare industry. Sandata Technologies was founded in 1978 and is based in Port Washington, New York.

Buy -