Accel-KKR

Accel-KKR
Private Ownership
Industry Private Equity
Founded 2000
Headquarters Sand Hill Road
Menlo Park, California, U.S.
Total assets $4 billion
Number of employees
 38
Website www.accel-kkr.com

Accel-KKR is a technology-focused private equity firm with $4 billion in capital under management. The firm invests primarily in software and technology-enabled services businesses. 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 company has offices in Menlo Park, California, (headquarters), Atlanta, Georgia, and London, UK.

History

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 since the mid-2000s. The firm's Founding Partner is Tom Barnds, who is based in Menlo Park. Tom, and his co-Managing Partner Rob Palumbo, were both All-American lacrosse players at Princeton University.

Accel-KKR raised $4 billion of investor commitments. The company is currently[2] investing from its fifth buyout fund (Accel-KKR Capital Partners V), a $1.3 billion fund raised in 2015, and its second minority equity fund (Accel-KKR Growth Capital Partners II), a $350 million fund raised in 2013. Accel-KKR has invested in or acquired over 100 software and technology-enabled services companies, with the majority of such companies in the United States, but Accel-KKR has also acquired or invested in 18 European companies, six Canadian companies, and one Australian company.

Company ownership

Companies owned by Accel-KKR include:[3]

  • Abila
  • Banker's Toolbox
  • Cendyn
  • Cielo
  • Clavis Insight
  • Clevest
  • ClickDimensions
  • DataPipe
  • Delta Data
  • Episerver
  • ESG
  • ESO Solutions
  • HighJump Software
  • HighWire Press
  • Infinisource
  • IntegriChain
  • Kerridge Commercial Systems
  • MVSC
  • North Plains Systems
  • Oildex
  • One.com
  • Opera Solutions
  • PageUp People
  • Paymentus
  • PrismHR
  • SciQuest
  • Smart Communications
  • Swiftpage
  • TELCOR
  • VYNE

Previous investments

Previous investments from which Accel-KKR has since exited include:

  • RiseSmart sold to Randstad for $100 MM in 2015[4]
  • Zinc Ahead sold to Veeva for $130 MM in 2015[5]
  • On Center Software sold to Roper Industries for $157 MM in 2015
  • Applied Predictive Technologies sold to MasterCard for $600 MM in 2015[6]
  • iTradeNetwork sold to Roper Industries for $525 MM in 2010
  • Endurance International Group sold to Warburg Pincus for $1 billion in 2011[7]
  • Saber Corporation sold to Electronic Data Systems for $463 MM in 2007
  • IntrinsiQ sold to AmerisourceBergen for $35 MM in 2011[8]
  • 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
  • Model N, which went public on the NYSE under the ticker symbol MODN in 2013

References

Further reading

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