Investment Summary

Accel-KKR Invests In TEAM Software

On September 19, 2018, private equity firm Accel-KKR invested in software company TEAM Software

Investment Highlights
  • This is Accel-KKR’s 31st transaction in the Software sector.
  • This is Accel-KKR’s 51st transaction in the United States.
  • This is Accel-KKR’s 2nd transaction in Nebraska.
Investment Fate
  • TEAM Software was sold to a strategic buyer in 2021.

Investment Summary

Date 2018-09-19
Target TEAM Software
Sector Software
Investor(s) Accel-KKR
Deal Type Growth Capital
Advisor(s) Mooreland Partners LLC (Financial)

Target

TEAM Software

Omaha, Nebraska, United States
TEAM Software is a developer of financial, operations, and workforce management solutions for contractors with distributed workforces of any size, with a focus on the building service and security industries. TEAM Software was founded in 1989 and is based in Omaha, Nebraska.

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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 63 of 123
Sector: Software M&A 31 of 55
Type: Growth Capital M&A Deals 26 of 53
State: Nebraska M&A 2 of 2
Country: United States M&A 51 of 86
Year: 2018 M&A 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-18 Oildex

Denver, Colorado, United States

Oildex offers premier cloud-based oil and gas accounting software with workflow automation and electronic document exchange designed specifically for the oil and gas industry. More than 1,100 operators, 74,000 registered service providers, dozens of financial institutions and millions of mineral rights owners use the Oildex Network to seamlessly and securely collaborate with their business partners, automate critical business processes, eliminate the high cost and errors associated with the handling of paper, and obtain access to key data to make more informed business decisions. Oildex is headquartered in Denver and has offices in Calgary; Houston; Austin; Fayetteville, Arkansas, and Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-11 PointRight

Cambridge, Massachusetts, United States

PointRight, Inc. provides cloud-based analytics that shows a 360⁰ view of long-term and post-acute (LTPAC) facility performance and clinical outcomes. Equipped with these insights, LTPAC Provider and Payers can lower rehospitalization rates, improve clinical outcomes, and build and manage high-performing networks. PointRight was founded in 1995 and is based in Cambridge, Massachusetts.

Buy -