Accel-KKR
 | |
| Private Ownership | |
| Industry | Private Equity |
| Founded | 2000 |
| Headquarters |
Sand Hill Road Menlo Park, California, U.S. |
| Total assets | $2.5 billion |
| Website |
www |
Accel-KKR is a technology-focused private equity firm with over $2.5 billion in capital under management. The firm invests primarily in software and IT-enabled businesses well positioned for top-line and bottom-line growth. At the core of Accel-KKR's investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle market companies, providing capital for buyouts and growth investments across a range of opportunities including recapitalizations, divisional carve-outs and going private transactions.
The firm was founded in February 2000 as a partnership between venture capital firm Accel Partners and Kohlberg Kravis Roberts, one of the oldest and largest leveraged buyout firms.[1] However, the firm operates independently of either firm today.
Accel-KKR raised over $2.5 billion of investor commitments, including $850 million for its fourth fund, which closed in 2012, and $600 million for its third fund which closed in September 2008.[2] Companies owned by Accel-KKR include:[3]
- Abila
- Access
- Applied Predictive Technologies
- Ektron
- EPiServer
- HighWire Press
- Infinisource
- Layered Technologies
- MEA/NEA
- Model N, Inc.
- North Plains Systems
- On-Center Software
- PageUp People
- Paymentus
- Pinstripe
- RiseSmart
- YourEncore
- ZincAhead
Previous investments from which Accel-KKR has since exited include:
- iTradeNetwork Sold to Roper Industries for $525 MM in 2010
- Endurance International Group[4] sold to Warburg Pincus for $1 billion in 2011
- Saber Corporation sold to Electronic Data Systems for $463 MM in 2007
- IntrinsiQ sold to AmerisourceBergen in 2011
- CRS Retail Systems sold to Epicor for $121 MM in 2005
- Savista sold in two transactions to Torex and Accenture for $100 MM in 2006
- Systems & Software, Inc. sold to Constellation Software in 2007
- Alias Systems Corporation sold to Autodesk for $197 MM in 2006
- Kana Software sold to Verint Systems for $514 MM in 2014
- N-able sold to Solar Winds for $127 MM in 2013
On February 15, 2013, it was announced that Accel-KKR intended to buy Sage Nonprofit Solutions, a division of The Sage Group plc that produces software designed for nonprofit organizations and governmental agencies.[5]
References
- ↑ What's An Aging 'Barbarian' To Do?. New York Times, August 26, 2001
- ↑ Accel-KKR Closes on $600 Million Fund. New York Times, September 11, 2008
- ↑ "Accel-KKR Portfolio". Archived from the original on 30 November 2009. Retrieved 2009-12-01.
- ↑ http://www.thewhir.com/web-hosting-news/accel-kkr-group-sells-web-hosting-giant-endurance-international-for-1-billion
- ↑ "Sage Nonprofit Solutions To Be Acquired By Accel-KKR". TheNonProfitTimes. February 15, 2013.
- KKR and Accel Open Atlanta Office. New York Times, July 31, 2006
External links
- Accel-KKR (company website)