M&A Deal Summary

Accel-KKR Acquires Kerridge

On February 11, 2015, private equity firm Accel-KKR acquired software company Kerridge from NVM Private Equity for 41M GBP

Acquisition Highlights
  • This is Accel-KKR’s 16th transaction in the Software sector.
  • This is Accel-KKR’s 2nd largest (disclosed) transaction.
  • This is Accel-KKR’s 1st transaction in the United Kingdom.
Investment Fate
  • Kerridge was sold to a consortium of financial buyers in 2023 for 800M GBP.

M&A Deal Summary

Date 2015-02-11
Target Kerridge
Sector Software
Buyer(s) Accel-KKR
Sellers(s) NVM Private Equity
Deal Type Secondary Buyout
Deal Value 41M GBP

Target

Kerridge

Hungerford, United Kingdom
Kerridge provides software to over customers across the world in a number of vertical markets including building materials and supplies, automotive, industrial, electrical, food and beverage, pharmaceuticals, rental equipment and other distributive trade verticals. Kerridge was founded in 1976 and is based in Hungerford, United Kingdom.

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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 34 of 123
Sector: Software M&A 16 of 55
Type: Secondary Buyout M&A Deals 5 of 20
Country: United Kingdom M&A 1 of 11
Year: 2015 M&A 1 of 6
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-08 Optimizely

New York City, New York, United States

Optimizely provides an integrated digital experience platform (DXP) with tools for website optimization, content management, e-commerce, A/B testing, and personalization. Optimizely was founded in 1994 and is based in New York City, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-27 Applied Predictive Technologies

Arlington, Virginia, United States

Applied Predictive Technologies, Inc. is a cloud-based analytics provider. APT’s Test & Learn® platform helps companies tailor investments and maximize bottom-line impact by harnessing analytics to design, measure and calibrate marketing, merchandising, operations and capital initiatives.

Sell $600M

Seller(S) 1

SELLER

NVM Private Equity

Newcastle Upon Tyne, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 290M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

NVM Private Equity is an investor in growth-oriented UK-based companies. NVM does not have any sector preferences and looks to invest £2 to £10 million equity per transaction. NVM will consider a variety of transaction situations, including MBOs, MBIs, development capital financings, turnarounds, recapitalizations and early stage financings. NVM Private Equity was established in 1984 and was formerly known as Northern Venture Managers Ltd. NVM is based in Newcastle with additional offices in Edinburgh, Manchester, and Reading.


DEAL STATS #
Overall 15 of 37
Sector: Software M&A 2 of 3
Type: Secondary Buyout M&A Deals 4 of 13
Country: United Kingdom M&A 15 of 37
Year: 2015 M&A 2 of 3
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-12 Promatic

Wirral, United Kingdom

Manufacture/distribution of clay pigeon shooting target launchers/traps

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-09 CloserStill

London, United Kingdom

CloserStill is a provider in business trade show operator focusing on the healthcare, learning, and technology, and veterinary sectors. CloserStill was founded in 2008 and is based in London, United Kingdom.

Buy -