M&A Deal Summary

KKR Acquires IQGeo Group

On September 24, 2024, private equity firm KKR acquired information technology company IQGeo Group for 333M GBP

Acquisition Highlights
  • This is KKR’s 27th transaction in the Information Technology sector.
  • This is KKR’s 97th largest (disclosed) transaction.
  • This is KKR’s 31st transaction in the United Kingdom.

M&A Deal Summary

Date 2024-09-24
Target IQGeo Group
Sector Information Technology
Buyer(s) KKR
Deal Type Going Private
Deal Value 333M GBP

Target

IQGeo Group

Cambridge, United Kingdom
IQGeo Group is an enterprise location intelligence solution provider. It work with manufacturing, communications and utilities companies, enabling them to improve operational effectiveness, increase efficiency and boost profitability. IQGeo Group was founded in 2002 and is based in Cambridge, United Kingdom.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 486 of 502
Sector: Information Technology M&A 27 of 28
Type: Going Private M&A Deals 39 of 41
Country: United Kingdom M&A 31 of 34
Year: 2024 M&A 19 of 21
Size (of disclosed) 97 of 110
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-26 Varsity Brands

Farmers Branch, Texas, United States

Varsity Brands provides goods and services to the school spirit industry. The company designs, markets, and manufactures cheerleading and dance team uniforms and accessories. It elevates the student experience, promotes participation, and celebrates achievement through three unique but interrelated businesses: BSN SPORTS; Varsity Spirit; and Herff Jones. Together, these businesses promote personal, school, and community pride through their customizable products and programs to elementary and middle schools, high schools, colleges and universities, church organizations, professional and collegiate sports teams, and corporations. Varsity Brands is based in Farmers Branch, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-26 GeoStabilization

Commerce City, Colorado, United States

GeoStabilization is a provider of complex geotechnical maintenance services for critical infrastructure across the U.S. and Canada. The company develops and implements innovative solutions that protect from dangers associated with geohazards that have either caused or have the potential to cause, catastrophic infrastructure failures and significant economic disruption. GeoStabilization was founded in 2002 and is based in Commerce City, Colorado.

Sell -