M&A Deal Summary

Accel-KKR Acquires isolved Benefit Services

On September 20, 2011, private equity firm Accel-KKR acquired information technology company isolved Benefit Services

Acquisition Highlights
  • This is Accel-KKR’s 5th transaction in the Information Technology sector.
  • This is Accel-KKR’s 15th transaction in the United States.
  • This is Accel-KKR’s 2nd transaction in North Carolina.

M&A Deal Summary
Date 2011-09-20
Target isolved Benefit Services
Sector Information Technology
Buyer(s) Accel-KKR
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Martinwolf (Financial)

Target

isolved Benefit Services

Charlotte, North Carolina, United States
isolved Benefit Services is a benefits administration technology and services company. The Company provides a wide array of employer services to its small and medium sized business customers, including COBRA, FSA, HRA, and Benefit Enrollment & Eligibility administration, as well as Payroll services. isolved Benefit Services was founded in 1986 and is based in Charlotte, North Carolina.

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Buyer(S) 1

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 17 of 117
Sector (Information Technology) 5 of 22
Type (Buyout (LBO, MBO, MBI)) 10 of 29
State (North Carolina) 2 of 5
Country (United States) 15 of 81
Year (2011) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-15 Paymentus

Charlotte, North Carolina, United States

Paymentus provides a unified, SaaS electronic bill payment and presentment, enterprise customer communication and self-service, and revenue management platform. Paymentus’ next-generation, real-time bill payment network continues to redefine the industry by providing strategic and innovative solutions that simplify, automate and streamline the bill payment and revenue management processes. The Company’s platform is capable of supporting a broad spectrum of industry segments including: utilities, municipalities, counties and governmental agencies, insurance, healthcare, financial services, property management and other commercial enterprises. Paymentus was founded in 2004 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-05 N-able

Burlington, Massachusetts, United States

N-able is a provider in remote monitoring and management automation solutions for managed service providers (“MSPs”) and IT departments. N-able’s N-central software and complementary toolsets are proven to reduce IT support costs, improve network performance and increase productivity through the proactive monitoring, management and optimization of IP-enabled devices and IT infrastructure. N-able was founded in 2000 and is based in Burlington, Massachusetts.

Buy -
Mergr

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