Investment Summary

JMI Equity and KKR Invest In Level Access

On April 21, 2017, private equity firms JMI Equity and KKR invested in information technology company Level Access

Investment Highlights
  • This is JMI Equity’s 10th and KKR’s 9th transaction in the Information Technology sector.
  • This is JMI Equity’s 78th and KKR’s 100th transaction in the United States.
  • This is JMI Equity’s 8th and KKR’s 4th transaction in Virginia.

Investment Summary

Date 2017-04-21
Target Level Access
Sector Information Technology
Investor(s) JMI Equity
KKR
Deal Type Growth Capital

Target

Level Access

Vienna, Virginia, United States
website
Level Access is a provider of cloud digital accessibility software and services. Level Access' full scope of accessible technology regulations and standards including the ADA, WCAG, CVAA, AODA, EU directives on digital accessibility, and Section 508. Level Access was founded in 1997 and is based in Vienna, Virginia.

Search 192,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Investor(S) 2

Investor

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 91 of 125
Sector (Information Technology) 10 of 10
Type (Growth Capital) 25 of 49
State (Virginia) 8 of 9
Country (United States) 78 of 109
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-05 Healthx

Indianapolis, Indiana, United States

Healthx is a provider of Internet-enabled healthcare claims information to middle-market employers and their employees, small insurance brokers and third-party administrators. The Company's system creates a dynamic, customizable and cost-effective environment that accelerates the exchange of vital information used in the purchase of and payment for healthcare services via the Internet.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-22 Arena Solutions

Foster City, California, United States

Arena Solutions, Inc. is a cloud-based PLM company that provides an all-in-one product development platform that unites PLM, ALM, supply chain collaboration, and QMS for the design and manufacture of complex electronics. Its solution creates a collaborative development-to-production workflow tied to the product record that connects electrical, mechanical, and software engineers, allowing them to work seamlessly with product development, quality, and manufacturing teams. Arena Solutions was founded in Foster City, California.

Buy -
Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 233 of 428
Sector (Information Technology) 9 of 24
Type (Growth Capital) 37 of 63
State (Virginia) 4 of 4
Country (United States) 100 of 189
Year (2017) 17 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-20 Masan Nutri-Science

Ho Chi Minh City, Vietnam

Masan Nutri-Science is Vietnam’s largest fully integrated branded meat platform, focused on driving productivity in Vietnam’s animal protein industry and ultimately directly serving consumers with traceable, quality, and affordable meat products. Masan Nutri-Science is based in Ho Chi Minh City, Vietnam.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-26 Kokusai Electric

Tokyo, Japan

Kokusai Electric is a producer of semiconductor manufacturing equipment, class coating technology, delivering products and services to the world’s top manufacturers. Kokusai Electric is based in Tokyo, Japan.

Buy -