Investment Summary

Accel-KKR Invests In Safeguard Global

On May 8, 2019, private equity firm Accel-KKR invested in staffing company Safeguard Global

Investment Highlights
  • This is Accel-KKR’s 2nd transaction in the Staffing sector.
  • This is Accel-KKR’s 53rd transaction in the United States.
  • This is Accel-KKR’s 6th transaction in Texas.

Investment Summary
Date 2019-05-08
Target Safeguard Global
Sector Staffing
Investor(s) Accel-KKR
Deal Type Growth Capital
Advisor(s) Needham & Co. LLC (Financial)

Target

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.

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Investor(S) 1

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 71 of 117
Sector (Staffing) 2 of 2
Type (Growth Capital) 31 of 53
State (Texas) 6 of 8
Country (United States) 53 of 81
Year (2019) 7 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-03 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-18 Cendyn

Boca Raton, Florida, United States

Cendyn is a cloud-based software and services provider that develops integrated technology platforms for driving sales and marketing performance in the travel and hospitality industry. The Cendyn Hospitality Cloud offers the most complete set of innovative software and services in the industry, covering hotel marketing, guest engagement, group sales, and event management. Cendyn was founded in 1996 and is based in Boca Raton, Florida.

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