Accel-KKR Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Accel-KKR has acquired 14 companies. It has also invested in 27 others.

Accel-KKR’s most common sectors for investment aresoftware (45%) and internet software and services (24%) . The Firm’s most common investment types include growth capital (49%) and buyout (lbo, mbo, mbi) (25%). In total, Accel-KKR has invested in 25 US states and 13 different countries. Its largest (disclosed) acquisition occurred in 2016 when it acquired Jaggaer for $509M.

In the last 3 years, Accel-KKR has exited 19 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 Activity148
    • M&A Buy Activity104
    • M&A Sell Activity44
  • Total Sectors Invested 12
  • Total Countries Invested 13
  • M&A Buy/Sell Connections 55
  • M&A Advisors 13

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 ≤ '17 '18 '19 '20 '21 '22 T
Buy (10.4/yr) # 52 11 13 14 11 3 104
vol $680M $428M $1.1B
Sell (5.2/yr) # 18 7 3 3 12 1 44
vol $3.8B $1.2B $1.6B $6.5B
  148

Most Recent M&A

Company Date Value Type
Teamcore 2022-08-30 - Buyout (LBO, MBO, MBI)
Santiago, Chile · www.teamcore.net
Singletrack Systems Ltd. 2022-06-27 - Growth Capital
London, United Kingdom · www.singletrack.com
Yes Energy LLC 2022-04-28 - Growth Capital
Boulder, Colorado · www.yesenergy.com
Envizi Pty Ltd. 2022-01-11 - Add-on Acquisition
Eveleigh, Australia · www.envizi.com
Delta Data Software, Inc. 2021-12-23 - Secondary Buyout
Columbus, Georgia · www.deltadatasoft.com
Entersekt 2021-12-09 - Growth Capital
Cape Town, South Africa · www.entersekt.com
Enmark Systems, Inc. 2021-11-16 - Growth Capital
Ann Arbor, Michigan · www.enmark.com
Agilence, Inc. 2021-10-27 - Secondary Buyout
Mount Laurel, New Jersey · www.agilenceinc.com
TEAM Software, Inc. 2021-09-14 - Add-on Acquisition
Omaha, Nebraska · www.teamsoftware.com
PropLogix LLC 2021-08-27 - Growth Capital
Sarasota, Florida · www.proplogix.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Springbrook Software, Inc. 2020-01-07 PUBLIQ LLC 2022-02-09 3
Portland, Oregon · www.springbrooksoftware.com Spartanburg, South Carolina · www.publiqsoftware.com
GPS Insight LLC 2021-05-19 FieldAware 2021-12-01 3
Scottsdale, Arizona · www.gpsinsight.com Plano, Texas · www.fieldaware.com
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 5
Philadelphia, Pennsylvania · www.integrichain.com Franklin, Tennessee
iSolved HCM 2016-09-06 HK Payroll Services, Inc. 2019-05-15 6
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 5
Charlotte, North Carolina · www.isolvedhcm.com , United States

M&A by Sector

Sector Current # Value All-time # Value
Software 25 (42%) 491M (100%) 46 (44%) 1.1B (99%)
Internet Software and Services 14 (24%) - 24 (23%) 10M (1%)
Information Technology 15 (25%) - 22 (21%) -
Business Services 1 (2%) - 3 (3%) -
Staffing 1 (2%) - 2 (2%) -
Financial Services 1 (2%) - 1 (1%) -
Life Science - - 1 (1%) -
Marketing 1 (2%) - 1 (1%) -
Media 1 (2%) - 1 (1%) -
Medical Products - - 1 (1%) -
Publishing - - 1 (1%) -
Technology Hardware - - 1 (1%) -
Total 59 $491M 104 $1.1B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 38 (64%) 428M (87%) 73 (70%) 978M (88%)
  California 9 (15%) 428M (87%) 13 (13%) 469M (42%)
  Texas 3 (5%) - 7 (7%) -
  Pennsylvania 4 (7%) - 5 (5%) -
  Massachusetts 2 (3%) - 5 (5%) -
  Georgia 2 (3%) - 5 (5%) -
  Colorado 2 (3%) - 5 (5%) -
  North Carolina 3 (5%) - 4 (4%) 509M (46%)
  Florida 3 (5%) - 4 (4%) -
  New Jersey 1 (2%) - 3 (3%) -
  Oregon 1 (2%) - 2 (2%) -
  New York 1 (2%) - 2 (2%) -
  Nebraska 1 (2%) - 2 (2%) -
  Illinois 1 (2%) - 2 (2%) -
  Washington - - 2 (2%) -
  Maryland - - 2 (2%) -
  Tennessee 1 (2%) - 1 (1%) -
  Ohio 1 (2%) - 1 (1%) -
  Michigan 1 (2%) - 1 (1%) -
  Connecticut 1 (2%) - 1 (1%) -
  Arizona 1 (2%) - 1 (1%) -
  Wisconsin - - 1 (1%) -
  Virginia - - 1 (1%) -
  Kansas - - 1 (1%) -
  Indiana - - 1 (1%) -
  Idaho - - 1 (1%) -
United Kingdom 9 (15%) 63M (13%) 9 (9%) 63M (6%)
Australia 2 (3%) - 5 (5%) 10M (1%)
Chile 3 (5%) - 3 (3%) -
Canada - - 3 (3%) 58M (5%)
  Ontario - - 3 (3%) 58M (5%)
Norway 2 (3%) - 2 (2%) -
New Zealand 1 (2%) - 2 (2%) -
Sweden - - 2 (2%) -
Germany 1 (2%) - 1 (1%) -
Spain 1 (2%) - 1 (1%) -
Colombia 1 (2%) - 1 (1%) -
South Africa 1 (2%) - 1 (1%) -
Ireland - - 1 (1%) -
Domestic 38 (64%) 428M (87%) 73 (70%) 978M (88%)
Cross-border 21 (36%) 63M (13%) 31 (30%) 131M (12%)
Total 59 $491M 104 $1.1B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 33 (56%) - 50 (48%) 10M (1%)
Buyout (LBO, MBO, MBI) 10 (17%) - 25 (24%) 41M (4%)
Secondary Buyout 8 (14%) 63M (13%) 12 (12%) 63M (6%)
Divestiture 5 (8%) 428M (87%) 8 (8%) 486M (44%)
Venture 1 (2%) - 4 (4%) -
Acquisition Financing - - 2 (2%) -
Stake Purchase 2 (3%) - 2 (2%) -
Going Private - - 1 (1%) 509M (46%)
Total 59 $491M 104 $1.1B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 14 (32%) 4.3B (66%)
Secondary Sale 13 (30%) 2.1B (33%)
Trade Sale 11 (25%) 52M (1%)
IPO 2 (5%) -
Merger 2 (5%) -
Bankruptcy 1 (2%) -
Divestiture 1 (2%) -
Total 44 $6.5B

Top M&A Advisors

Financial Deals
Houlihan Lokey
 1
Arma Partners LLP
 1
KPMG Corporate Finance LLC
 1
Legal Deals
Kirkland & Ellis LLP
 6
Morales & Besa
 2
Simonsen Vogt Wiig AS
 1

Deal Values

buy # Total
$100M to $1B 2 $937M
< $100M 4 $171M
TOTAL $1.1B
Largest Jaggaer
$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)
13%
13 (13%)
Strategic(s)
8%
8 (8%)
Exited to
Investor(s)
30%
13 (30%)
Strategic(s)
64%
28 (64%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

10.0B USD

Established

2000

Specialist/Generalist

Specialist

Leadership

Tom Barnds

Founding Partner & Managing Director

Rob Palumbo

Co-Managing Partner

Dean Jacobson

Managing Director

Greg Williams

Managing Director

Jason Kurtz

Managing Director

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