Accel-KKR Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Accel-KKR has acquired 13 companies. It has also invested in 13 others.

Accel-KKR’s most common sectors for investment aresoftware (45%) and internet software and services (30%) . The Firm’s most common investment types include growth capital (46%) and buyout (lbo, mbo, mbi) (25%). In total, Accel-KKR has invested in 26 US states and 15 different countries. Its largest (disclosed) acquisition occurred in 2016 when it acquired Jaggaer for $509M.

In the last 3 years, Accel-KKR has exited 23 companies. The Firm’s most common exit type is trade sale (52%). Accel-KKR’s largest (disclosed) exit occurred in 2023 when it sold Kerridge Commercial Systems for $1.2B.

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M&A Summary

  • M&A Total Activity171
    • M&A Buy Activity117
    • M&A Sell Activity54
  • Total Sectors Invested 10
  • Total Countries Invested 15
  • M&A Buy/Sell Connections 61
  • M&A Advisors 17

Accel-KKR

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, Internet Software and Services, 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, Canada, United Kingdom, Eastern Europe, Africa, Asia/Pacific, Australia/New Zealand, Latin/South America, Middle East

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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (7.6/yr) # 79 12 11 6 5 4 117
vol $680M $428M $1.1B
Sell (5.2/yr) # 28 3 14 2 5 2 54
vol $5.0B $1.6B $1.7B $8.2B
  171

Most Recent M&A

Company Date Value Type
Sandata Technologies LLC 2024-10-16 - Trade Sale
Hicksville, New York · www.sandata.com
LeagueApps, Inc. 2024-10-11 - Growth Capital
New York, New York · www.leagueapps.com
INX Software 2024-07-24 - Buyout (LBO, MBO, MBI)
West Perth, Australia · www.inxsoftware.com
Aico Group Oy 2024-04-03 - Secondary Buyout
Espoo, Finland · www.aico.ai
Accertify, Inc. 2024-01-16 - Divestiture
Itasca, Illinois · www.accertify.com
Surgical Information Systems LLC 2024-01-01 - Secondary Sale
Alpharetta, Georgia · www.sisfirst.com
Ntracts, Inc. 2023-12-13 - Growth Capital
Chattanooga, Tennessee · www.ntracts.com
IntegriChain, Inc. 2023-11-08 - Secondary Sale
Philadelphia, Pennsylvania · www.integrichain.com
Ocuco, Inc. 2023-08-17 - Growth Capital
Manchester, Connecticut · www.ocuco.com
FM:Systems, Inc. 2023-07-17 455M USD Trade Sale
Raleigh, North Carolina · www.fmsystems.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
GPS Insight LLC 2021-05-19 Certified Tracking Solutions 2022-10-11 4
Scottsdale, Arizona · www.gpsinsight.com Edmonton, Alberta · www.titangps.ca
Springbrook Software, Inc. 2020-01-07 PUBLIQ LLC 2022-02-09 4
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 6
Cupertino, California · www.sugarcrm.com Cupertino, California · www.w-systems.com
Veryon 2015-11-17 Flightdocs, Inc. 2020-06-18 3
Malaga, Spain · www.veryon.com Bonita Springs, Florida · www.flightdocs.com
isolved, Inc. 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 5
Cupertino, California · www.sugarcrm.com Singapore, Singapore
isolved, Inc. 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 27 (45%) - 52 (44%) 1.1B (99%)
Internet Software and Services 21 (35%) - 34 (29%) 10M (1%)
Information Technology 9 (15%) - 21 (18%) -
Business Services 1 (2%) - 3 (3%) -
Staffing 1 (2%) - 2 (2%) -
Life Science - - 1 (1%) -
Marketing 1 (2%) - 1 (1%) -
Medical Products - - 1 (1%) -
Publishing - - 1 (1%) -
Technology Hardware - - 1 (1%) -
Total 60 - 117 $1.1B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 34 (57%) - 81 (69%) 978M (88%)
  California 6 (10%) - 12 (10%) 469M (42%)
  Texas 4 (7%) - 8 (7%) -
  Georgia 1 (2%) - 7 (6%) -
  Massachusetts 2 (3%) - 6 (5%) -
  Florida 4 (7%) - 5 (4%) -
  Colorado 2 (3%) - 5 (4%) -
  North Carolina 1 (2%) - 5 (4%) 509M (46%)
  Pennsylvania 1 (2%) - 4 (3%) -
  Illinois 2 (3%) - 3 (3%) -
  New York 1 (2%) - 3 (3%) -
  New Jersey 1 (2%) - 3 (3%) -
  Tennessee 2 (3%) - 2 (2%) -
  Connecticut 1 (2%) - 2 (2%) -
  Oregon 1 (2%) - 2 (2%) -
  Nebraska 1 (2%) - 2 (2%) -
  Maryland - - 2 (2%) -
  Arizona 1 (2%) - 1 (1%) -
  Ohio 1 (2%) - 1 (1%) -
  New Hampshire 1 (2%) - 1 (1%) -
  Michigan 1 (2%) - 1 (1%) -
  Wisconsin - - 1 (1%) -
  Washington - - 1 (1%) -
  Virginia - - 1 (1%) -
  Kansas - - 1 (1%) -
  Indiana - - 1 (1%) -
  Idaho - - 1 (1%) -
United Kingdom 9 (15%) - 10 (9%) 63M (6%)
Australia 3 (5%) - 6 (5%) 10M (1%)
Chile 3 (5%) - 3 (3%) -
Canada 1 (2%) - 3 (3%) 58M (5%)
  Ontario 1 (2%) - 3 (3%) 58M (5%)
Spain 2 (3%) - 2 (2%) -
Norway 2 (3%) - 2 (2%) -
New Zealand 1 (2%) - 2 (2%) -
Sweden - - 2 (2%) -
Colombia 1 (2%) - 1 (1%) -
Finland 1 (2%) - 1 (1%) -
Mexico 1 (2%) - 1 (1%) -
Poland 1 (2%) - 1 (1%) -
South Africa 1 (2%) - 1 (1%) -
Ireland - - 1 (1%) -
Domestic 34 (57%) - 81 (69%) 978M (88%)
Cross-border 26 (43%) - 36 (31%) 131M (12%)
Total 60 - 117 $1.1B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 33 (55%) - 53 (45%) 10M (1%)
Buyout (LBO, MBO, MBI) 10 (17%) - 29 (25%) 41M (4%)
Secondary Buyout 12 (20%) - 18 (15%) 63M (6%)
Divestiture 5 (8%) - 9 (8%) 486M (44%)
Venture - - 4 (3%) -
Acquisition Financing - - 2 (2%) -
Going Private - - 1 (1%) 509M (46%)
Stake Purchase - - 1 (1%) -
Total 60 - 117 $1.1B

Exits by Deal Type

Type Total # Value
Secondary Sale 16 (30%) 3.4B (41%)
Trade Sale - Public Company 15 (28%) 4.8B (58%)
Trade Sale 15 (28%) 52M (1%)
IPO 3 (6%) -
Merger 3 (6%) -
Bankruptcy 1 (2%) -
Divestiture 1 (2%) -
Total 54 $8.2B

Top M&A Advisors

Financial Deals
ABG Sundal Collier
 1
Aeris Partners LLC
 1
Arma Partners LLP
 1
Legal Deals
Kirkland & Ellis
 7
Morales & Besa
 2
Brodies
 2

Deal Values

buy # Total
$100M to $1B 2 $937M
< $100M 4 $171M
TOTAL $1.1B
Largest Jaggaer
$509M (2016-05-31)
sell # Total
> $1B 3 $3.4B
$100M to $1B 12 $4.7B
< $100M 2 $87M
TOTAL $8.2B
Largest Kerridge Commercial Systems Ltd.
$1.2B (2023-07-13)

M&A Connections

Deals
Acquired from
Investor(s)
16%
19 (16%)
Strategic(s)
8%
9 (8%)
Exited to
Investor(s)
30%
16 (30%)
Strategic(s)
59%
32 (59%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

19.0B USD

Established

2000

Specialist/Generalist

Specialist

Leadership

Tom Barnds

Founding Partner & Managing Director

Rob Palumbo

Co-Managing Partner

Sam DeKoven

Head of Debt Capital Markets

Ann McCloskey

Managing Director

David Cusimano

Managing Director

FAQ

When was Accel-KKR founded?

Accel-KKR was founded in 2000.

What type of investor is Accel-KKR?

Accel-KKR is a private equity firm.

Where is Accel-KKR headquartered?

Accel-KKR is headquartered in Menlo Park, California.

How much capital does Accel-KKR have under management?

Accel-KKR has 19.0B USD under management.

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