Accel-KKR Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Accel-KKR has acquired 15 companies. It has also invested in 23 others.

Accel-KKR’s most common sectors for investment are software (45%) and internet software and services (23%). The Firm’s most common investment types include growth capital (43%) and buyout (lbo, mbo, mbi) (27%). In total, Accel-KKR has invested in 23 US states and 12 different countries. Its largest (disclosed) acquisition occurred in 2016 when it acquired SciQuest for $509M.

In the last 3 years, Accel-KKR has exited 21 companies. The Firm’s most common exit type is trade sale (57%). Accel-KKR’s largest (disclosed) exit occurred in 2018 when it sold EPiServer Group AB for $1.2B.

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M&A Summary

  • M&A Total Activity128
    • M&A Buy Activity89
    • M&A Sell Activity39
  • Total Sectors Invested 12
  • Total Countries Invested 12
  • M&A Buy/Sell Connections 49
  • M&A Advisors 9

Accel-KKR

2180 Sand Hill Road, Suite 300,
Menlo Park, California 94025
United States
(650) 289-2460
www.accel-kkr.com
inquiries@accel-kkr.com

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.


Investment Criteria

Sectors of Interest: Business Services, Healthcare Services, Information Technology, Life Science, Publishing, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Growth Capital, Recapitalization, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 15 150
Target EBITDA - -
Investment Size - -
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (8.4/yr) # 47 4 11 11 13 3 89
vol $680M $428M $1.1B
Sell (4.8/yr) # 15 3 7 3 3 8 39
vol $3.7B $119M $1.2B $1.6B $6.5B
  128

Most Recent M&A

Company Date Value Type
Salsa Labs, Inc. 2021-06-02 - Add-on Acquisition
Bethesda, Maryland · www.salsalabs.com
Paymentus Holdings, Inc. 2021-05-26 - IPO
Redmond, Washington · www.paymentus.com
GPS Insight LLC 2021-05-19 - Secondary Buyout
Scottsdale, Arizona · www.gpsinsight.com
InSight Mobile Data, Inc. 2021-05-19 - Merger
California, Maryland · www.insightmobiledata.com
Track What Matters, LLC 2021-05-19 - Merger
Argyle, Texas · www.rhinofleettracking.com
Pegasus 2021-05-07 - Add-on Acquisition
Newcastle, Australia · www.pegasus.net.au
Navis LLC 2021-03-26 428M EUR Divestiture
Oakland, California · www.navis.com
Seequent Ltd. 2021-03-11 1.1B USD Add-on Acquisition
Canterbury, New Zealand · www.seequent.com
ShowingTime.com, Inc. 2021-02-10 500M USD Add-on Acquisition
Chicago, Illinois · www.showingtime.com
Endalia 2021-01-14 - Growth Capital
Zaragoza, Spain · www.endalia.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
GPS Insight LLC 2021-05-19 InSight Mobile Data, Inc. 2021-05-19 2
Scottsdale, Arizona · www.gpsinsight.com California, Maryland · www.insightmobiledata.com
GPS Insight LLC 2021-05-19 Track What Matters, LLC 2021-05-19 1
Scottsdale, Arizona · www.gpsinsight.com Argyle, Texas · www.rhinofleettracking.com
SugarCRM, Inc. 2018-08-15 W-Systems Corp. 2020-11-05 5
Cupertino, California · www.sugarcrm.com Cupertino, California · www.w-systems.com
Aircraft Technical Publishers 2015-11-17 Flightdocs, Inc. 2020-06-18 2
Brisbane, California · www.atp.com Bonita Springs, Florida · www.flightdocs.com
IntegriChain Inc. 2016-03-01 Cumberland Consulting Group LLC - Life Science Division 2020-04-13 4
Philadelphia, Pennsylvania · www.integrichain.com Franklin, Tennessee
iSolved HCM 2016-09-06 HK Payroll Services, Inc. 2019-05-15 5
Charlotte, North Carolina · www.isolvedhcm.com Dubuque, Iowa · www.hkpayroll.com
SugarCRM, Inc. 2018-08-15 Collabspot Pte Ltd. - Email Integration Products 2019-03-07 4
Cupertino, California · www.sugarcrm.com Singapore, Singapore
iSolved HCM 2016-09-06 The Sage Group plc - Sage Payroll Solutions 2019-01-15 4
Charlotte, North Carolina · www.isolvedhcm.com , United States
Infinisource, Inc. 2011-09-20 iSolved HCM 2016-09-06 1
Charlotte, North Carolina · www.infinisource.com Charlotte, North Carolina · www.isolvedhcm.com
Kerridge Commercial Systems Ltd. 2015-02-11 Mincron Software Systems 2016-06-30 9
Hungerford, United Kingdom · www.kerridgecs.com Houston, Texas · www.mincron.com

M&A by Sector

Sector Current # Value All-time # Value
Software 22 (45%) 491M (100%) 40 (45%) 1.1B (99%)
Internet Software and Services 11 (22%) - 20 (22%) 10M (1%)
Information Technology 11 (22%) - 17 (19%) -
Business Services 1 (2%) - 3 (3%) -
Staffing 1 (2%) - 2 (2%) -
Financial Services 1 (2%) - 1 (1%) -
Information Services 1 (2%) - 1 (1%) -
Life Science - - 1 (1%) -
Media 1 (2%) - 1 (1%) -
Medical Products - - 1 (1%) -
Publishing - - 1 (1%) -
Technology Hardware - - 1 (1%) -
Total 49 $491M 89 $1.1B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 36 (73%) 428M (87%) 68 (76%) 978M (88%)
  California 8 (16%) 428M (87%) 12 (13%) 469M (42%)
  Texas 3 (6%) - 7 (8%) -
  Massachusetts 2 (4%) - 6 (7%) -
  Georgia 4 (8%) - 5 (6%) -
  North Carolina 3 (6%) - 4 (4%) 509M (46%)
  Pennsylvania 3 (6%) - 4 (4%) -
  Colorado 1 (2%) - 4 (4%) -
  New Jersey 2 (4%) - 3 (3%) -
  Nebraska 2 (4%) - 2 (2%) -
  Florida 2 (4%) - 2 (2%) -
  Oregon 1 (2%) - 2 (2%) -
  New York 1 (2%) - 2 (2%) -
  Illinois 1 (2%) - 2 (2%) -
  Maryland - - 2 (2%) -
  Washington - - 2 (2%) -
  Virginia - - 2 (2%) -
  Tennessee 1 (2%) - 1 (1%) -
  Connecticut 1 (2%) - 1 (1%) -
  Arizona 1 (2%) - 1 (1%) -
  Kansas - - 1 (1%) -
  Indiana - - 1 (1%) -
  Idaho - - 1 (1%) -
  Wisconsin - - 1 (1%) -
United Kingdom 5 (10%) 63M (13%) 5 (6%) 63M (6%)
Australia 1 (2%) - 3 (3%) 10M (1%)
Canada - - 3 (3%) 58M (5%)
  Ontario - - 3 (3%) 58M (5%)
Chile 2 (4%) - 2 (2%) -
Norway 2 (4%) - 2 (2%) -
Germany 1 (2%) - 1 (1%) -
Spain 1 (2%) - 1 (1%) -
Colombia 1 (2%) - 1 (1%) -
Ireland - - 1 (1%) -
New Zealand - - 1 (1%) -
Sweden - - 1 (1%) -
Domestic 36 (73%) 428M (87%) 68 (76%) 978M (88%)
Cross-border 13 (27%) 63M (13%) 21 (24%) 131M (12%)
Total 49 $491M 89 $1.1B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 26 (53%) - 38 (43%) 10M (1%)
Buyout (LBO, MBO, MBI) 9 (18%) - 24 (27%) 41M (4%)
Secondary Buyout 6 (12%) 63M (13%) 10 (11%) 63M (6%)
Divestiture 5 (10%) 428M (87%) 8 (9%) 486M (44%)
Venture 1 (2%) - 4 (4%) -
Acquisition Financing - - 2 (2%) -
Stake Purchase 2 (4%) - 2 (2%) -
Going Private - - 1 (1%) 509M (46%)
Total 49 $491M 89 $1.1B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 13 (33%) 4.3B (66%)
Secondary Sale 11 (28%) 2.1B (33%)
Trade Sale 9 (23%) 52M (1%)
IPO 2 (5%) -
Merger 2 (5%) -
Bankruptcy 1 (3%) -
Divestiture 1 (3%) -
Total 39 $6.5B

Top M&A Advisors

Financial Deals
Houlihan Lokey
 1
Arma Partners LLP
 1
ABG Sundal Collier
 1
Legal Deals
Kirkland & Ellis LLP
 6
Simonsen Vogt Wiig AS
 1
Cuatrecasas, Gonçalves Pereira, SLP
 1

Deal Values

buy # Total
$100M to $1B 2 $937M
< $100M 4 $171M
TOTAL $1.1B
Largest SciQuest, Inc.
$509M (2016-05-31)
sell # Total
> $1B 2 $2.2B
$100M to $1B 11 $4.2B
< $100M 2 $87M
TOTAL $6.5B
Largest EPiServer Group AB
$1.2B (2018-09-06)

M&A Connections

Deals
Acquired from
Investor(s)
12%
11 (12%)
Strategic(s)
9%
8 (9%)
Exited to
Investor(s)
28%
11 (28%)
Strategic(s)
64%
25 (64%)

Investor Summary

Size

Mega

PE Assets

10.0B USD

Established

2000

Specialist/Generalist

Specialist

Leadership

Rob Palumbo

Founding Partner & Managing Director

Tom Barnds

Founding Partner & Managing Director

Dean Jacobson

Managing Director

Greg Williams

Managing Director

Jason Klein

Managing Director

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