M&A Deal Summary

CapVest Acquires Kerridge

On July 13, 2023, private equity firm CapVest acquired software company Kerridge from Accel-KKR for 800M GBP

Acquisition Highlights
  • This is CapVest’s 2nd transaction in the Software sector.
  • This is CapVest’s largest (disclosed) transaction.
  • This is CapVest’s 9th transaction in the United Kingdom.

M&A Deal Summary

Date 2023-07-13
Target Kerridge
Sector Software
Buyer(s) CapVest
Sellers(s) Accel-KKR
Deal Type Secondary Buyout
Deal Value 800M GBP
Advisor(s) Arma Partners LLP
Stifel, Nicolaus & Co., Inc. (Financial)
Kirkland & Ellis
Addleshaw Goddard (Legal)

Target

Kerridge

Hungerford, United Kingdom
Kerridge provides software to over customers across the world in a number of vertical markets including building materials and supplies, automotive, industrial, electrical, food and beverage, pharmaceuticals, rental equipment and other distributive trade verticals. Kerridge was founded in 1976 and is based in Hungerford, United Kingdom.

Search 201,893 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

CapVest

London, United Kingdom

Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

CapVest is a UK-based private equity firm that targets investments in mid-market businesses across Europe. CapVest focuses on profitable companies with growth potential and strong management. Specific areas of interest include food/beverages (especially frozen food sector), healthcare, real estate, retail, media, hotel/leisure, and telecommunication services. CapVest is affiliated with junior capital investor, MezzVest. CapVest was formed in 1999 and is based in London.


DEAL STATS #
Overall 22 of 23
Sector (Software) 2 of 2
Type (Secondary Buyout) 14 of 15
Country (United Kingdom) 9 of 9
Year (2023) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-23 Calyx

Nottingham, United Kingdom

Calyx is a provider of mission-critical software and tech-enabled services to the fast-growing clinical research market. The business is structured around three key specialist areas comprising Medical Imaging (MI), tech-enabled Interactive Response Technology (IRT), and Enterprise Technologies (Clinical Trial Management System, Regulatory Information Management software, and Electronic Data Capture software). Calyx is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-06 Recochem

Montreal, Quebec, Canada

Recochem producer, contract packager and wholesale distributor of household and transportation fluids. The Company’s product portfolio spans branded, private label and bulk offerings and includes coolant, windshield wash fluid, diesel exhaust fluid and a broad range of household fluids and industrial chemicals. Recochem was founded in 1951 and is based in Montreal, Quebec.

Buy -

Seller(S) 1

SELLER

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 50 of 54
Sector (Software) 22 of 23
Type (Secondary Buyout) 14 of 16
Country (United Kingdom) 1 of 1
Year (2023) 3 of 5
Size (of disclosed) 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 Loftware

Portsmouth, New Hampshire, United States

Loftware is a provider of cloud-based Enterprise Labeling and Artwork Management solutions. Loftware was founded in 1986 and is based in Portsmouth, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-17 FM:Systems

Raleigh, North Carolina, United States

FM:Systems is a provider of Integrated Workplace Management Systems (IWMS) and Computer-Aided Facility Management (CAFM) software. FM:Systems’ over 300 blue-chip customer base spans six continents and a diverse range of industries, including healthcare, higher education, technology, manufacturing, retail, banking and the public sector. FM:Systems is headquartered in Raleigh, North Carolina, and conducts business throughout the Americas, Africa, Europe and Asia Pacific.

Sell $455M