M&A Deal Summary

Accel-KKR and Juuri Partners Acquire Aico

On April 3, 2024, private equity firms Accel-KKR and Juuri Partners acquired software company Aico from Juuri Partners

Acquisition Highlights
  • This is Accel-KKR’s 51st and Juuri Partners’ 2nd transaction in the Software sector.
  • This is Accel-KKR’s 1st and Juuri Partners’ 22nd transaction in Finland.

M&A Deal Summary
Date 2024-04-03
Target Aico
Sector Software
Buyer(s) Accel-KKR
Juuri Partners
Sellers(s) Juuri Partners
Deal Type Secondary Buyout

Target

Aico

Espoo, Finland
Aico develops solutions that allow companies to devote more time in their core business by increasing the efficiency of work and decision-making through the automation of day-to-day routines and processes. Aico provides faster, more accurate and controlled financial closing with intelligent automation of account reconciliations, financial close tasks, manual journal entries and requests such as manual invoices and payments. Aico is based in Espoo, Finland.

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Buyer(S) 2

Buyer

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 115 of 117
Sector (Software) 51 of 52
Type (Secondary Buyout) 18 of 18
Country (Finland) 1 of 1
Year (2024) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Accertify

Itasca, Illinois, United States

Accertify is a provider of fraud prevention, chargeback management, account protection, and payment gateway solutions. Accertify's technologies help protect many businesses and increase their operational efficiency. Accertify is based in Itasca, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-24 INX Software

West Perth, Australia

INX Software enables businesses in fast-paced and complex industries to mobilize their workforce and navigate health, safety, and environmental challenges to better protect people and the planet. INX Software is based in West Perth, Australia.

Buy -
Buyer

Juuri Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

Juuri Partners is a private equity group focused on acquiring and providing financing for growth oriented companies operating in Finland. The Firm looks to commit €5 to €12 million in small to mid-sized companies with €5 to €50 million of revenue. Funds are typically used to support growth opportunities, changes of ownership, or other discontinuation events. Juuri Partners was established in 2015 and is headquartered Helsinki, Finland.

DEAL STATS #
Overall 22 of 23
Sector (Software) 2 of 2
Type (Secondary Buyout) 2 of 2
Country (Finland) 22 of 23
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 Kylmästi Paras

Vantaa, Finland

Kylmästi Paras is specialized in temperature controlled foodstuffs logistics. The company has built up nationwide service coverage with high quality and technology-based service concepts. Kylmästi Paras is based in Vantaa, Finland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-09 Alvar Pet

Helsinki, Finland

Alvar Pet provides individually tailored dog diets, designed by veterinarians and nutrition experts. The company specializes in individually tailored feeding plans utilizing its database and machine learning. Alvar Pet was formed in 2020 and is based in Helsinki, Finland.

Buy -

Seller(S) 1

SELLER

Juuri Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

Juuri Partners is a private equity group focused on acquiring and providing financing for growth oriented companies operating in Finland. The Firm looks to commit €5 to €12 million in small to mid-sized companies with €5 to €50 million of revenue. Funds are typically used to support growth opportunities, changes of ownership, or other discontinuation events. Juuri Partners was established in 2015 and is headquartered Helsinki, Finland.

DEAL STATS #
Overall 5 of 5
Sector (Software) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Finland) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 Kylmästi Paras

Vantaa, Finland

Kylmästi Paras is specialized in temperature controlled foodstuffs logistics. The company has built up nationwide service coverage with high quality and technology-based service concepts. Kylmästi Paras is based in Vantaa, Finland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-09 Alvar Pet

Helsinki, Finland

Alvar Pet provides individually tailored dog diets, designed by veterinarians and nutrition experts. The company specializes in individually tailored feeding plans utilizing its database and machine learning. Alvar Pet was formed in 2020 and is based in Helsinki, Finland.

Buy -
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