M&A Deal Summary

Accel-KKR Acquires Jaggaer

On May 31, 2016, private equity firm Accel-KKR acquired software company Jaggaer for 509M USD

Acquisition Highlights
  • This is Accel-KKR’s 22nd transaction in the Software sector.
  • This is Accel-KKR’s largest (disclosed) transaction.
  • This is Accel-KKR’s 34th transaction in the United States.
  • This is Accel-KKR’s 2nd transaction in North Carolina.
Investment Fate
  • Jaggaer was sold to a consortium of financial buyers in 2019.

M&A Deal Summary
Date 2016-05-31
Target Jaggaer
Sector Software
Buyer(s) Accel-KKR
Deal Type Going Private
Deal Value 509M USD
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)
Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan (Legal)

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

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 45 of 116
Sector (Software) 22 of 53
Type (Going Private) 1 of 1
State (North Carolina) 2 of 4
Country (United States) 34 of 80
Year (2016) 6 of 9
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-24 ClickDimensions

Atlanta, Georgia, United States

ClickDimensions is an email marketing and marketing automation solution for Microsoft Dynamics CRM. The company develops the ClickDimensions and Automational branded online marketing automation solutions that include email marketing, web intelligence, lead scoring, campaign management, web forms/surveys, social discovery, relationship management, and more. The ClickDimensions and Automational solutions enable organizations to discover who is interested in their products, quantify their level of interest, and take the appropriate actions. ClickDimensions is based in

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-11 ESO

Austin, Texas, United States

ESO is a provider of software to emergency medical services (EMS), fire departments, hospitals, and healthcare professionals nationwide. ESO has brought numerous breakthrough software products to the important markets it serves. Most recently, ESO launched its Electronic Health Record (EHR) software, an all-new version of its flagship Electronic Patient Care Report (ePCR) product for EMS agencies. ESO was founded in 2004 and is based in Austin, Texas.

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Mergr

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Legal