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’ 3rd transaction in the Software sector.
  • This is Accel-KKR’s 1st and Juuri Partners’ 23rd 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 is a software company providing a SaaS platform for financial close automation, enabling large enterprises to streamline account reconciliations, journal entries, and closing tasks with real-time ERP integration. 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 123
Sector: Software M&A 51 of 55
Type: Secondary Buyout M&A Deals 18 of 20
Country: Finland M&A 1 of 1
Year: 2024 M&A 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 -
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 €150 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 23 of 26
Sector: Software M&A 3 of 4
Type: Secondary Buyout M&A Deals 2 of 2
Country: Finland M&A 23 of 26
Year: 2024 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Kiho

Kuopio, Finland

Kiho is a software company that specializes in developing innovative solutions for field work management. Kihon products help companies improve their efficiency and operational transparency. Kiho is based in Kuopio, Finland.

Buy -
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

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 €150 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 6
Sector: Software M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Finland M&A 5 of 6
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Kiho

Kuopio, Finland

Kiho is a software company that specializes in developing innovative solutions for field work management. Kihon products help companies improve their efficiency and operational transparency. Kiho is based in Kuopio, Finland.

Buy -
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 -