M&A Deal Summary

KKR Acquires Lightcast

On September 11, 2019, private equity firm KKR acquired software company Lightcast from Providence Equity Partners

Acquisition Highlights
  • This is KKR’s 17th transaction in the Software sector.
  • This is KKR’s 138th transaction in the United States.
  • This is KKR’s 4th transaction in Massachusetts.

M&A Deal Summary
Date 2019-09-11
Target Lightcast
Sector Software
Buyer(s) KKR
Sellers(s) Providence Equity Partners
Deal Type Secondary Buyout

Target

Lightcast

Boston, Massachusetts, United States
Lightcast is a provider of labor market analytics software that delivers real-time data and planning tools to educators, employers, and public sector constituents. Lightcast was founded in 1999 and is based in Boston, Massachusetts.

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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 320 of 484
Sector (Software) 17 of 23
Type (Secondary Buyout) 65 of 107
State (Massachusetts) 4 of 9
Country (United States) 138 of 210
Year (2019) 25 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 EuroKids India

Mumbai, India

EuroKids India is a private education services providers serving 120,000 students served across 1,100+ pre-schools and 35 K-12 schools. They target mass-premium and prestige segments across 4 brands - EuroKids, EuroSchools, Kangaroo Kids, and Billabong High. EuroKids India was founded in 1993 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-16 Lenskart

Gurgaon, India

Lenskart is an eyewear category. Lenskart has a pan-India presence through its footprint of over 700 franchisee managed stores spread across 115 cities and towns across all major states in India. Lenskart was founded in 2010 and is based in Gurgaon, India.

Buy -

Seller(S) 1

SELLER

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.

DEAL STATS #
Overall 76 of 100
Sector (Software) 3 of 9
Type (Secondary Buyout) 20 of 31
State (Massachusetts) 5 of 6
Country (United States) 49 of 68
Year (2019) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 TimeClock Plus

San Angelo, Texas, United States

TimeClock Plus is a provider of workforce software management and time and labor solutions. TimeClock Plus is based in San Angelo, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-18 n2y

Huron, Ohio, United States

n2y is a developer of education curricula and teaching materials for K-12 students with special needs. n2y offers its products to teachers and school administrators through a cloud-based subscription platform. n2y’s core products include Unique Learning System, a standards-based curriculum program designed specifically for students with special needs; news-2-you, a weekly current events newspaper; and SymbolStix, a symbol-based language used in learning materials. n2y was founded in 1997 and is based in Huron, Ohio.

Buy -
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