Investment Summary

Accel-KKR and The Carlyle Group Invest In Abrigo

On July 22, 2015, private equity firms Accel-KKR and The Carlyle Group invested in software company Abrigo

Investment Highlights
  • This is Accel-KKR’s 17th and The Carlyle Group’s 35th transaction in the Software sector.
  • This is Accel-KKR’s 29th and The Carlyle Group’s 270th transaction in the United States.
  • This is Accel-KKR’s 3rd and The Carlyle Group’s 47th transaction in Texas.

Investment Summary

Date 2015-07-22
Target Abrigo
Sector Software
Investor(s) Accel-KKR
The Carlyle Group
Deal Type Growth Capital

Target

Abrigo

Austin, Texas, United States
Abrigo is a technology provider of compliance, credit risk, and lending solutions that community financial institutions use to manage risk and drive growth. Abrigo's software automates key processes – from anti-money laundering to fraud detection to lending solutions – empowering customers by addressing their enterprise risk management needs. Abrigo is based in Austin, Texas.

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Investor(S) 2

Investor

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 36 of 117
Sector (Software) 17 of 52
Type (Growth Capital) 12 of 53
State (Texas) 3 of 8
Country (United States) 29 of 81
Year (2015) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-28 group.ONE

Malmö, Sweden

group.ONE is a provider of online presence solutions via mass hosting and business software products to small-and medium-sized enterprises (‘SMEs’) and small-office home-offices (‘SOHOs’) through brands including one.com, Hostnet and WP Media. group.ONE was founded in 2002 and is based in Malmö, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-15 Vitu

Agoura Hills, California, United States

Vitu is a provider of electronic vehicle registration software. Focused on developing innovative process management SaaS solutions, including electronic registration and titling (ERT) platforms, Vitu partners with state government agencies and businesses across the United States. Vitu is based in Agoura Hills, California.

Buy -
Investor

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 532 of 744
Sector (Software) 35 of 56
Type (Growth Capital) 82 of 113
State (Texas) 47 of 51
Country (United States) 270 of 349
Year (2015) 22 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-02 Lauderdale Marine Center

Ft. Lauderdale, Florida, United States

Lauderdale Marine Center is a premier US destination and service provider for the superyacht industry. Located in Fort Lauderdale on the New River, visible from I-95 and close to Fort Lauderdale/Hollywood International Airport, LMC is a 50-acre facility consisting of a boatyard, marina, and marine service center. It accommodates boats up to 200 feet with 19 covered sheds and 156 wet slips, has three marine travel lifts with a haul-out capacity of up to 330 tons, and features 7,000 linear feet of dockage. LMC’s business model includes leasing workspace and commercial office space to approximately 60 on-site contractors providing various marine-related services such as fiberglass repair, electrical, painting, brokerage, and insurance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-27 Telecable de Asturias S.A.U.

Gijon, Spain

Telecable de Asturias S.A.U. offers cable broadcasting and telecommunication services. It provides cable transmission, mobile and landline communication, and broadband services.

Sell €640M