M&A Deal Summary

KKR and Silver Lake Acquire Exact

On February 26, 2019, private equity firms KKR and Silver Lake acquired software company Exact from Apax

Acquisition Highlights
  • This is KKR’s 11th and Silver Lake’s 19th transaction in the Software sector.
  • This is KKR’s 12th and Silver Lake’s 2nd transaction in the Netherlands.

M&A Deal Summary

Date 2019-02-26
Target Exact
Sector Software
Buyer(s) KKR
Silver Lake
Sellers(s) Apax
Deal Type Secondary Buyout

Target

Exact

Delft, Netherlands
website
Exact is a provider of business software solutions. Its integrated solutions comprise traditional enterprise resource planning (ERP) as well as related software solutions such as human resource management (HRM), customer relationship management (CRM), corporate performance management (CPM), project management, and electronic workflow. Exact was founded in 1984 and headquartered in Delft, the Netherlands.

Search 191,421 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

Buyer(S) 2

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 298 of 426
Sector (Software) 11 of 19
Type (Secondary Buyout) 62 of 100
Country (Netherlands) 12 of 15
Year (2019) 6 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-26 Falcon Vision

Menlo Park, California, United States

Falcon Vision is an ophthalmology-focused platform supported by KKR. The platform will invest in and manage a diversified portfolio of emerging assets across medical devices and biopharmaceuticals. Falcon Vision’s strategy is to address the need for capital, access to executive talent, and operational guidance to support the advancement of innovative products for under-managed ophthalmic diseases and vision preservation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-12 Q-Park B.V.

Maastricht, Netherlands

Q-Park B.V. is a provider of parking facilities in Europe, with over 800,000 parking spaces in ten countries, in over 5,800 secure, clean and well-managed facilities. Q-Park Nordics customer base held by securing parking space concentrated in highly convenient metropolitan areas in each of the three countries. Q-Park B.V. was founded in 1998 and is based in Maastricht, Netherlands.

Sell -
Buyer

Silver Lake

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.


DEAL STATS #
Overall 94 of 125
Sector (Software) 19 of 26
Type (Secondary Buyout) 13 of 17
Country (Netherlands) 2 of 2
Year (2019) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 Influence Health

Birmingham, Alabama, United States

Influence Health, Inc. is a provider of patient engagement software and healthcare marketing analytics solutions to hospitals across the United States and Canada. The company's software platform helps healthcare organizations attract and retain patients and improves patient experience and care through enhanced patient-doctor communication and information accessibility.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-06 ForeFlight

Houston, Texas, United States

ForeFlight LLC is an integrated flight app on iPad, iPhone, and the web. Flight planning, aviation weather, maps and charts. ForeFlight's products help pilots and flight departments plan flights, increase flight safety and efficiency and are widely used across personal, corporate, air transport, and government operations. ForeFlight LLC was founded in 2007 and is based in Houston, Texas.

Sell -

Seller(S) 1

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from €1 to €5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 129 of 163
Sector (Software) 12 of 15
Type (Secondary Buyout) 44 of 60
Country (Netherlands) 5 of 7
Year (2019) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-21 AssuredPartners

Lake Mary, Florida, United States

AssuredPartners is a full-service insurance broker, offering property and casualty and employee benefits insurance products and services to middle-market businesses, public institutions, and high-net-worth individuals. AssuredPartners was founded in 2011 and is based in Lake Mary, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-25 Inmarsat

London, United Kingdom

Inmarsat is a global mobile satellite communications provider that owns and operates a diverse global portfolio of mobile telecommunications satellite networks, and holds a multi-layered, global spectrum portfolio, covering L-band, Ka-band, and S-band, enabling unparalleled breadth and diversity in the solutions it provides. Inmarsat's long-established global distribution network includes not only the world's leading channel partners but also its own strong direct retail capabilities, enabling end-to-end customer service assurance. The company has an unrivalled track record of operating reliable global mobile satellite telecommunications networks, sustaining business and mission critical safety and operational applications for more than 40 years. It is also a major driving force behind technological innovation in mobile satellite communications, sustaining its leadership through a substantial investment and a powerful network of technology and manufacturing partners. Inmarsat was formed in 1979 and is based in London.

Buy $3.4B