M&A Deal Summary

KKCG a.s. Acquires Avenga

On December 15, 2023, KKCG a.s. acquired information technology company Avenga from Cornerstone Investment Management and Oaktree Capital Management

Acquisition Highlights
  • This is KKCG a.s.’s 1st transaction in the Information Technology sector.
  • This is KKCG a.s.’s 1st transaction in Germany.

M&A Deal Summary
Date 2023-12-15
Target Avenga
Sector Information Technology
Buyer(s) KKCG a.s.
Sellers(s) Cornerstone Investment Management
Oaktree Capital Management
Deal Type Add-on Acquisition

Target

Avenga

Cologne, Germany
Avenga is a global IT platform, offering a full-service business solutions and supporting global organizations in their digital transformation. The Company understands the complexities of modern markets and translates them into real business solutions for pharma & life sciences, insurance, finance, automotive, and real estate. Avenga is based in Cologne, Germany.

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Buyer(S) 1

Buyer

KKCG a.s.

Prague, Czech Republic
Category Company
Sector Business Services
DESCRIPTION

KKCG a.s. is a private investment group focused on four business segments entertainment, oil &gGas, technology, and investments. These key segments are complemented by strategic, long-term investments in tourism, mechanical engineering, and real estate development projects.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Germany) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-18 Conectart s.r.o.

Prague, Czech Republic

Conectart s.r.o. is a Business Process Outsourcing (BPO) services provider offering all-inclusive contact center services to domestic and foreign clients in the Czech Republic. Conectart was formed in 2012 and is based in Prague, Czech Republic.

Sell -

Seller(S) 2

SELLER

Cornerstone Investment Management

Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 7.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cornerstone Investment Management is a private equity firm focused on acquiring mid-sized companies in Poland and Eastern Europe. The Firm is a generalist investor and looks to back experienced management teams to grow and transform their businesses. Cornerstone Investment Management was formed in 2001 and is headquartered in Warsaw.

DEAL STATS #
Overall 2 of 3
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Germany) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-17 Ecowipes

Mazowieckie, Poland

Ecowipes is a producer of bio-degradable wet wipes. Ecowipes has a track record of introducing ingenious products and is a pioneer in the field of producing bio-degradable wet wipes made from sustainable natural materials with minimal environmental impact. Ecowipes was formed in 2011 and is based in Mazowieckie, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-26 SMYK

Warsaw, Poland

SMYK is a kids brand, offering toys, clothes and accessories for children available in over 250 shops in Poland, Romania, Ukraine and the Middle East and additionally SMYK's own brand products are available in 14 European countries and Asia. SMYK was founded in 2000 and is based in Warsaw, Poland.

Sell -
SELLER

Oaktree Capital Management

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1995
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.

DEAL STATS #
Overall 74 of 77
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 29 of 31
Country (Germany) 4 of 4
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Saber Power Service

Rosharon, Texas, United States

Saber Power Service is a fully integrated electrical power system services firm offering end-to-end solutions for substations and medium-and high-voltage infrastructure across utility, renewables/battery storage, industrial, and other markets. Saber Power Service was founded in 2010 and is based in Rosharon, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-11 MWH Constructors

Broomfield, Colorado, United States

MWH Constructors is a global project delivery company with a focus on water and energy. MWH Constructors provides single-source, integrated design and construction services and a full range of project delivery methods. MWH Constructors is based in Broomfield, Colorado.

Sell -
Mergr

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