M&A Deal Summary

KKR Acquires Ness Digital Engineering

On October 27, 2022, private equity firm KKR acquired information technology company Ness Digital Engineering from The Rohatyn Group

Acquisition Highlights
  • This is KKR’s 23rd transaction in the Information Technology sector.
  • This is KKR’s 179th transaction in the United States.
  • This is KKR’s 6th transaction in New Jersey.

M&A Deal Summary

Date 2022-10-27
Target Ness Digital Engineering
Sector Information Technology
Buyer(s) KKR
Sellers(s) The Rohatyn Group
Deal Type Secondary Buyout

Target

Ness Digital Engineering

Teaneck, New Jersey, United States
Ness Digital Engineering is a provider of IT services and end-to-end solutions designed to help clients improve their competitiveness and efficiency. Ness' portfolio of solutions and services includes outsourcing, system integration, custom application development, consulting, quality assurance and training. Ness Digital Engineering was established in 1998 and is based in Teaneck, New Jersey.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 413 of 437
Sector (Information Technology) 23 of 25
Type (Secondary Buyout) 95 of 109
State (New Jersey) 6 of 7
Country (United States) 179 of 194
Year (2022) 14 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-27 Minnesota Rubber & Plastics

Minneapolis, Minnesota, United States

Minnesota Rubber & Plastics is a full-service provider of high-value rubber and plastic molded components and assembly solutions. MRP offers highly engineered elastomer and thermoplastic solutions for medical, water, industrial, and other end markets globally. Minnesota Rubber and Plastics was founded in 1945 and is based in Minneapolis, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-09 Five Star Business Finance

Chennai, India

Five Star Business Finance is a non-bank finance company providing loans to nearly 40,000 customers. The company focuses on lending to the under-banked population, which typically lacks the financial records necessary to participate in the organized financial sector. Five Star Business Finance was founded in 1984 and is headquartered in Chennai, India.

Sell -

Seller(S) 1

DESCRIPTION

The Rohatyn Group is a multi-strategy asset management firm focused on emerging markets. The Firm's investment areas include private equity, infrastructure, fixed income, currencies, forestry, and agriculture. Rohatyn's private equity group looks to invest alongside entrepreneurs, families and management teams in middle-market businesses that benefit from increasing levels of disposable income, improved access to healthcare and education, and increasing connectivity to developed markets. The Rohatyn Group was formed in 2002 and is headquartered in New York City.


DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 Leader 96

Plovdiv, Bulgaria

Leader 96 is a producer of e-bikes in Europe with sales across the continent. Leader 96 produces a broad range of e-bikes including touring, trekking, mountain, folding, and gravel bike models. Leader 96 was founded in 1996 and is based in Plovdiv, Bulgaria.

Buy -