||This article needs to be updated. (August 2016)|
|Headquarters||Sand Hill Road
Menlo Park, California, U.S.
|Total assets||$4 billion|
Number of employees
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.
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. 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 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.
Companies owned by Accel-KKR include:
- Banker's Toolbox
- Clavis Insight
- Delta Data
- ESO Solutions
- HighJump Software
- HighWire Press
- Kerridge Commercial Systems
- North Plains Systems
- Opera Solutions
- PageUp People
- Smart Communications
Previous investments from which Accel-KKR has since exited include:
- RiseSmart sold to Randstad for $100 MM in 2015
- Zinc Ahead sold to Veeva for $130 MM in 2015
- On Center Software sold to Roper Industries for $157 MM in 2015
- Applied Predictive Technologies sold to MasterCard for $600 MM in 2015
- iTradeNetwork sold to Roper Industries for $525 MM in 2010
- Endurance International Group 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 for $35 MM 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
- Model N, which went public on the NYSE under the ticker symbol MODN in 2013
- What's An Aging 'Barbarian' To Do?. New York Times, August 26, 2001
- "DEFM14A". Retrieved 3 September 2016.
- "Portfolio - Accel-KKR". Retrieved 3 September 2016.
- "RANDSTAD BUYS OUTPLACEMENT FIRM RISESMART FOR $100 MILLION". Retrieved 2 October 2016.
- "Veeva scoops up rival Zinc Ahead to create mega-content management platform". Retrieved 2 October 2016.
- "MasterCard Announces Acquisition of Applied Predictive Technologies - Business Wire". Retrieved 3 September 2016.
- "Accel-KKR Group Sells Web Hosting Giant Endurance International for $1 Billion - Web Host Industry Review". Retrieved 3 September 2016.
- "AmerisourceBergen Buys Chemo I.T. Vendor IntrinsiQ". Retrieved 2 October 2016.
- KKR and Accel Open Atlanta Office. New York Times, July 31, 2006
- Accel-KKR (company website)