Accel-KKR

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Accel-KKR
Type 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.com

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]

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

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[edit]

  1. ^ What's An Aging 'Barbarian' To Do?. New York Times, August 26, 2001
  2. ^ Accel-KKR Closes on $600 Million Fund. New York Times, September 11, 2008
  3. ^ "Accel-KKR Portfolio". Archived from the original on 30 November 2009. Retrieved 2009-12-01. 
  4. ^ http://www.thewhir.com/web-hosting-news/accel-kkr-group-sells-web-hosting-giant-endurance-international-for-1-billion
  5. ^ "Sage Nonprofit Solutions To Be Acquired By Accel-KKR". TheNonProfitTimes. February 15, 2013. 

External links[edit]