M&A Deal Summary

KKR Acquires Zinnia

On January 1, 2019, private equity firm KKR acquired software company Zinnia

Acquisition Highlights
  • This is KKR’s 12th transaction in the Software sector.
  • This is KKR’s 132nd transaction in the United States.
  • This is KKR’s 1st transaction in Kansas.

M&A Deal Summary
Date 2019-01-01
Target Zinnia
Sector Software
Buyer(s) KKR
Deal Type Buyout (LBO, MBO, MBI)

Target

Zinnia

Topeka, Kansas, United States
Zinnia is a life and annuity insurance technology and digital services company. The Company’s vision for Open Insurance empowers clients through intuitive technology solutions that decrease processing time, drive product innovation, and bring new products to market faster, enabling more people to protect and enrich their financial futures. Zinnia is based in Topeka, Kansas.

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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 510.0B 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 297 of 483
Sector (Software) 12 of 23
Type (Buyout (LBO, MBO, MBI)) 44 of 66
State (Kansas) 1 of 1
Country (United States) 132 of 210
Year (2019) 2 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Energy Transfer Canada

Calgary, Alberta, Canada

Energy Transfer Canada operates three world-class sour gas plants with a combined licensed processing capacity of 1.7 bcf/d, and three sweet gas processing plants with a combined licensed processing capacity of over 800 mmcf/d. Energy Transfer Canada is based in Calgary.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-07 OneStream

Birmingham, Michigan, United States

OneStream is a provider of cloud or on-premise Corporate Performance Management (CPM) solutions for mid-sized to large enterprises. OneStream was founded in 2012 and is based in Birmingham, Michigan.

Buy -
Mergr

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