M&A Deal Summary

Accel-KKR Acquires Phocas

On October 15, 2025, private equity firm Accel-KKR acquired software company Phocas

Acquisition Highlights
  • This is Accel-KKR’s 55th transaction in the Software sector.
  • This is Accel-KKR’s 7th transaction in Australia.

M&A Deal Summary

Date 2025-10-15
Target Phocas
Sector Software
Buyer(s) Accel-KKR
Deal Type Buyout (LBO, MBO, MBI)

Target

Phocas

Sydney, Australia
Phocas provides business intelligence (BI), financial planning and analysis (FP&A), and data analytics solutions for mid‑market companies. Phocas is based in Sydney, Australia.

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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 123 of 123
Sector: Software M&A 55 of 55
Type: Buyout (LBO, MBO, MBI) M&A Deals 33 of 33
Country: Australia M&A 7 of 7
Year: 2025 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-23 Arbiter

Sandy, Utah, United States

Arbiter offers school and athletic program management, supporting schools, leagues, and organizations nationwide. Offering solutions for scheduling, registration, payments, assigning, eligibility, facilities management, and athletic websites, it empowers schools and communities to manage activities with confidence. Arbiter is based in Sandy, Utah.

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