Investment Summary

Accel-KKR and Crescent Capital Group Invest In NAVTOR

On August 27, 2020, private equity firm Accel-KKR and mezzanine finance firm Crescent Capital Group invested in internet software and services company NAVTOR

Investment Highlights
  • This is Accel-KKR’s 22nd and Crescent Capital Group’s 1st transaction in the Internet Software and Services sector.
  • This is Accel-KKR’s 2nd and Crescent Capital Group’s 1st transaction in Norway.

Investment Summary

Date 2020-08-27
Target NAVTOR
Sector Internet Software and Services
Investor(s) Accel-KKR
Crescent Capital Group
Deal Type Growth Capital
Advisor(s) Pareto Securities AS (Financial)
Advokatfirmaet Schjødt (Legal)

Target

NAVTOR

Egersund, Norway
NAVTOR is a cloud-based e-navigation solutions including Electronic Navigational Charts (ENCs), digital maritime publications, route optimization and fleet management across an integrated platform – effectively providing all critical voyage information at the fingertips of navigators and solving the complex challenges of passage planning. NAVTOR is based in Egersund, Norway.

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Investor(S) 2

Investor

Accel-KKR

Menlo Park, California, United States

Investor Investor Investor Investor Investor


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 88 of 116
Sector (Internet Software and Services) 22 of 32
Type (Growth Capital) 39 of 52
Country (Norway) 2 of 2
Year (2020) 9 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-12 Recurly

San Francisco, California, United States

Recurly is a subscription management and recurring billing platform that provides businesses with tools to manage and automate their subscription billing processes. Recurly was founded in 2010 and is headquartered in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-29 Blue Mountain

State College, Pennsylvania, United States

Blue Mountain is a developer of enterprise asset management products and services for the Life Sciences industry. Blue Mountain was founded in 1989 and is based in State College, Pennsylvania.

Buy -
Investor

Crescent Capital Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1991
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $35 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.


DEAL STATS #
Overall 61 of 66
Sector (Internet Software and Services) 1 of 1
Type (Growth Capital) 5 of 6
Country (Norway) 1 of 1
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-24 F45 Training

Austin, Texas, United States

F45 Training is a provider of fitness training services. F45 Training was founded in 2013 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 Spy Alarms

Orpington, United Kingdom

Spy Alarms is a provider of electronic security and fire services to domestic and commercial settings across London and the South East of England. Spy installs, maintains, and monitors intruder alarms, CCTV, fire safety systems, and access control systems, using remote technology solutions to help safeguard its customers. Spy Alarms was founded in 2012 and is based in Orpington, United Kingdom.

Buy -