Accel-KKR, a Menlo Park, CA-based technology-focused private equity firm, closed a fundraising for two funds – Accel-KKR Capital Partners VII LP and Accel-KKR Emerging Buyout Partners II LP- totalling $5.3 Billion.
Its investor base includes government employee pension plans, medical research institutes, college endowments, charitable foundations, and integrated health delivery networks.
In details:
- Fund VII will continue Accel-KKR’s long-term focused strategy of making majority buyout investments in lower-middle market and middle-market software and IT-enabled services companies well-positioned for top-line and bottom-line growth,
- Emerging Buyout fund will continue Accel-KKR’s long-standing strategy of investing in software and tech-enabled services companies, with a special focus on small-cap companies.
Led by Co-Managing Partners Tom Barnds, and Rob Palumbo, Accel-KKR is a technology-focused investment firm with $19 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses developing partnerships with the management teams of its portfolio companies by leveraging the resources available through its network. The firm focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs and going-private transactions.
The close of Fund VII and Emerging Buyout II comes amidst a period of significant activity for Accel-KKR in terms of new investments, add-on acquisitions by portfolio companies and realizations of investments. Recent new platform investments include:
- Humanforce, an Australia-based workforce management software;
- Basware, a Norway-based global accounts payable and invoice automation software platform, in a take-private transaction;
- Salary.com, a US-based pioneer in compensation data and analytics;
- PayProp, a UK-based processor of rental payments for the property management industry;
- Yes Energy, a US-based provider of North American power market data and software solutions;
- Pegaso Tecnologia, a Mexico-based digital compliance and e-invoicing software company;
- StoreForce, a US-based retail execution and workforce management solution for specialty retailers; and,
- Loftware, a global leader in enterprise labeling and artwork management solutions.
FinSMEs
03/04/2023