M&A Deal Summary

Permira Acquires Cielo

On December 20, 2018, private equity firm Permira acquired staffing company Cielo from Accel-KKR

Acquisition Highlights
  • This is Permira’s 1st transaction in the Staffing sector.
  • This is Permira’s 28th transaction in the United States.
  • This is Permira’s 2nd transaction in Wisconsin.

M&A Deal Summary

Date 2018-12-20
Target Cielo
Sector Staffing
Buyer(s) Permira
Sellers(s) Accel-KKR
Deal Type Secondary Buyout

Target

Cielo

Brookfield, Wisconsin, United States
Cielo is a pure-play recruitment process outsourcing (RPO) provider. Cielo offers customized solutions that help clients align talent strategies to business objectives. Cielo was founded in 2005 and is based in Brookfield, Wisconsin.

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Buyer(S) 1

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 125 of 159
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 29 of 42
State (Wisconsin) 2 of 2
Country (United States) 28 of 44
Year (2018) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-13 Minted

San Francisco, California, United States

Minted is an online design marketplace that connects you to independent artists to create something one-of-a-kind. Minted’s unique crowd-sourced model represents a modern marketplace – one where the community decides what goods are showcased and sold. Minted was founded in 2007 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-25 Teraco

Johannesburg, South Africa

Teraco is a provider of carrier and cloud-neutral colocation data centers and with over 18 000 cross-connects. As the first provider of highly resilient, vendor-neutral data environments in sub-Saharan Africa, Teraco brings global content closer to the digital edge. Teraco was founded in 2008 and is based in Johannesburg, South Africa.

Sell -

Seller(S) 1

SELLER

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 25 of 52
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 7 of 15
State (Wisconsin) 1 of 1
Country (United States) 18 of 41
Year (2018) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 group.ONE

Malmö, Sweden

group.ONE is a provider of online presence solutions via mass hosting and business software products to small-and medium-sized enterprises (‘SMEs’) and small-office home-offices (‘SOHOs’) through brands including one.com, Hostnet and WP Media. group.ONE was founded in 2002 and is based in Malmö, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Cloud 9 Software

Roswell, Georgia, United States

Cloud 9 Software is a provider of cloud-based practice management systems for orthodontists, pediatric dentists, and dental/orthodontic service organizations. Cloud 9 Software was formed in 2009 and is based in Roswell, Georgia.

Buy -