M&A Deal Summary

Accel-KKR Acquires OrthoFi

On May 3, 2019, private equity firm Accel-KKR acquired software company OrthoFi from Boathouse Capital

Acquisition Highlights
  • This is Accel-KKR’s 34th transaction in the Software sector.
  • This is Accel-KKR’s 52nd transaction in the United States.
  • This is Accel-KKR’s 5th transaction in Colorado.

M&A Deal Summary
Date 2019-05-03
Target OrthoFi
Sector Software
Buyer(s) Accel-KKR
Sellers(s) Boathouse Capital
Deal Type Secondary Buyout

Target

OrthoFi

Denver, Colorado, United States
OrthoFi is a technology-enabled service platform designed to leverage customer relationship management software and industry-leading revenue cycle management services to stimulate growth and streamline operations for orthodontic practices. OrthoFi has partnered with over 550 practice locations throughout the US and has helped over 300,000 patients find a quality, affordable Orthodontic care. OrthoFi was founded in 2013 and is headquartered in Denver, Colorado.

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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 70 of 117
Sector (Software) 34 of 52
Type (Secondary Buyout) 8 of 18
State (Colorado) 5 of 6
Country (United States) 52 of 81
Year (2019) 6 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 Masabi

London, United Kingdom

Masabi offers fare payments-as-a-service to public transit agencies and authorities of all sizes around the globe. This enables the delivery of fare payment innovations quickly, using a platform that is constantly updating and adding new features. Masabi was founded in 2001 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-08 Safeguard Global

Austin, Texas, United States

Safeguard Global engages in driving long-term growth through constant innovation of global workforce deployment for businesses. Leveraging more than 10 years of global outsourcing expertise and technology development, Safeguard Global offers products and technologies, including Global Employment Outsourcing (GEO) and Global Managed Payroll (GMP), that empower businesses to grow and scale quickly and efficiently. Safeguard Global was founded in 2008 and is headquartered in Austin, Texas.

Buy -

Seller(S) 1

SELLER

Boathouse Capital

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Boathouse Capital is a provider of mezzanine and equity capital to lower middle-market companies in a variety of industries. The Firm works in partnership with management teams and private equity firms in funding private equity sponsored buyouts, management buyouts, recapitalizations, refinancings, and growth capital financings. Boathouse can commit up to $25 million per transaction and generally pursues companies with 'exceptional' management, sustainable competitive advantages, growing end markets, 'sticky' business models, and diversified customers. Boathouse seeks companies with at least $10 million in revenues and at least $5 million of EBITDA. Boathouse is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 13 of 23
Sector (Software) 3 of 4
Type (Secondary Buyout) 2 of 7
State (Colorado) 1 of 1
Country (United States) 13 of 23
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Energy Planning Associates

Sanford, Florida, United States

Energy Planning Associates Corp (“EPAC”) is a custom manufacturer of energy efficient lighting fixtures for commercial applications. The company's products improve the efficiency of lighting produced by fluorescent and light-emitting diode (LED) lamps in order to reduce the fixtures in use and lower energy consumption. EPAC offers more than 300 products for indoor and outdoor applications and is a supplier to several of the world's leading lighting manufacturers and lighting contractors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-05 Finch

Salt Lake City, Utah, United States

Finch is a paid digital media automation platform for marketing professionals. Finch leverages artificial intelligence to automate previously manual processes and improve decision making for paid search, display, and shopping advertising on Google, Bing, Yahoo, Display Networks, and Amazon. Finch was founded in 2009 and is based in Salt Lake City, Utah.

Buy -
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