M&A Deal Summary

KKR Acquires Corel

On July 3, 2019, private equity firm KKR acquired software company Corel from Vector Capital

Acquisition Highlights
  • This is KKR’s 13th transaction in the Software sector.
  • This is KKR’s 5th transaction in Canada.
  • This is KKR’s 2nd transaction in Ontario.

M&A Deal Summary

Date 2019-07-03
Target Corel
Sector Software
Buyer(s) KKR
Sellers(s) Vector Capital
Deal Type Secondary Buyout
Advisor(s) Sidley (Legal)

Target

Corel

Ottawa, Ontario, Canada
website
Corel is an SMB and prosumer-focused software company with a portfolio of graphics, productivity, sales enablement, and desktop-as-a-service software solutions that enable the knowledge worker. Corel was founded in 1985 and is based in Ottawa, Ontario.

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Buyer(S) 1

Buyer

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 305 of 428
Sector (Software) 13 of 19
Type (Secondary Buyout) 63 of 102
State (Ontario) 2 of 3
Country (Canada) 5 of 9
Year (2019) 13 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 ClickTale

Ramat-Gan, Israel

ClickTale Ltd. is a provider of customer experience analytics solutions. Clicktale marries cognitive computing, machine learning and psychological research to automatically surface issues and answer questions that keep executives up at night. ClickTale Ltd. was formed in 2006 and is based in Ramat-Gan, Israel.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 Webhelp S.A.

Paris, France

Webhelp S.A.is a global business process outsourcer (BPO), specializing in customer experience and payment services in addition to sales and marketing services across voice, social and digital channels.

Sell -

Seller(S) 1

SELLER

Vector Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Vector Capital is a private equity firm specializing in spinouts, buyouts and recapitalizations of established technology businesses. Vector targets both public and private company investments. Prospective businesses typically have strong customer bases, high gross margins, and at least $30 million in sales. Vector Capital was formed in 1997, after spinning out from Ziff Brothers Investments. The Firm is based in San Francisco, California.


DEAL STATS #
Overall 26 of 33
Sector (Software) 10 of 13
Type (Secondary Buyout) 6 of 8
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2019) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-26 Cambium Networks

Hoffman Estates, Illinois, United States

Cambium Networks provides point-to-point (“PTP”) and point-to-multipoint (“PMP”) to a wide range of end markets including wireless internet service providers (WISPs), industrial communications, government, and enterprise campus environments. Cambium’s PTP solutions provide market leading performance in both licensed and unlicensed frequency bands. Cambium’s PMP solutions provide fixed wireless broadband access in rural areas. Cambium Networks was founded in 2011 and is based in Hoffman Estates, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 CollabNet

Alpharetta, Georgia, United States

CollabNet is a provider of collaborative software development and delivery solutions. CollabNet provides a suite of tools that allow software developers at companies of all sizes to more effectively collaborate on projects and manage the software development process. CollabNet was founded in 1999 and is based in Alpharetta, Georgia.

Sell -