M&A Deal Summary

Accel-KKR Acquires Navis

On March 26, 2021, private equity firm Accel-KKR acquired software company Navis from Cargotec for 380M EUR

Acquisition Highlights
  • This is Accel-KKR’s 44th transaction in the Software sector.
  • This is Accel-KKR’s 2nd largest (disclosed) transaction.
  • This is Accel-KKR’s 67th transaction in the United States.
  • This is Accel-KKR’s 12th transaction in California.
Investment Fate
  • Navis merged with another company in 2022.

M&A Deal Summary

Date 2021-03-26
Target Navis
Sector Software
Buyer(s) Accel-KKR
Sellers(s) Cargotec
Deal Type Divestiture
Deal Value 380M EUR

Target

Navis

Oakland, California, United States
website
Navis provides enterprise software solutions for the maritime transportation and logistics industry. Navis is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Navis was founded in 1988 and is based in Oakland, California.

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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 93 of 116
Sector (Software) 44 of 53
Type (Divestiture) 8 of 9
State (California) 12 of 13
Country (United States) 67 of 80
Year (2021) 2 of 11
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-11 Seequent

Canterbury, New Zealand

Seequent is a provider in the visualization and interpretation of geological data for applications in the mining, minerals, energy, civil and environmental industries. Seequent provides software and consultancy solutions and has received wide acclaim for its flagship product, Leapfrog. Seequent was founded in 2003 and is based in Canterbury, New Zeland.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-07 Pegasus

Newcastle, Australia

Pegasus is a software as a service company that connects a competent workforce. Pegasus connects workers, contractors, and assets in real-time on nearly 2,500 worksites for companies including Woolworths, BHP, Visy, Lendlease, Aurizon, and Ausgrid. Pegasus was founded in 1998 and is based in Newcastle, Australia.

Sell -

Seller(S) 1

SELLER

Cargotec

Helsinki, Finland

website


Category Company
Founded 2005
Sector Machinery
Employees11,496
Revenue 3.3B EUR (2020)
DESCRIPTION

Cargotec is a provider of cargo and load handling solutions. Cargotec's business areas Kalmar, Hiab and MacGregor offer products and services that ensure our customers a continuous, reliable and sustainable performance. Cargotec was founded in 2005 and is based in Helsinki, Finland.


DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-21 Navis

Oakland, California, United States

Navis provides enterprise software solutions for the maritime transportation and logistics industry. Navis is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Navis was founded in 1988 and is based in Oakland, California.

Buy $190M