Accel-KKR, a private equity firm that specializes in technology-focused buyouts, has recently announced the successful closing of two new buyout funds, totaling $5.3 billion in capital commitments. The funds, known as Accel-KKR Capital Partners V and Accel-KKR Growth Capital Partners III, will be used to invest in high-growth technology companies across North America and Europe.
Accel-KKR has a long history of investing in technology companies, with a focus on software and IT services. The firm was founded in 2000 as a joint venture between Accel Partners and Kohlberg Kravis Roberts & Co. (KKR), and has since become one of the leading private equity firms in the technology sector.
The new funds raised by Accel-KKR are among the largest ever raised for technology-focused buyouts. According to the firm, the funds were oversubscribed, with strong demand from both existing and new investors. The funds will be used to invest in companies with strong growth potential, particularly those that are looking to expand their market share or enter new markets.
In a statement announcing the new funds, Accel-KKR co-founder and managing partner Tom Barnds said, “We are thrilled to have closed our fifth and third growth capital funds, respectively, with strong support from our existing investors and significant interest from new investors. We believe that the current environment presents attractive investment opportunities for our team, and we look forward to partnering with exceptional management teams to create value for all stakeholders.”
Accel-KKR has a track record of successful investments in technology companies, including several high-profile exits. In 2019, the firm sold its stake in cybersecurity company SecureLink to Orange Business Services for €515 million. Other notable investments include software companies Jaggaer and Infinisource, as well as IT services provider Cendyn.
The new funds raised by Accel-KKR come at a time when the technology sector is experiencing significant growth and disruption. The COVID-19 pandemic has accelerated the adoption of digital technologies, creating new opportunities for companies that provide software, IT services, and other technology solutions. With its focus on high-growth technology companies, Accel-KKR is well-positioned to take advantage of these trends and generate strong returns for its investors.
In conclusion, Accel-KKR’s successful closing of two new buyout funds totaling $5.3 billion is a testament to the firm’s strong reputation in the technology sector and its ability to attract capital from investors. The funds will be used to invest in high-growth technology companies across North America and Europe, with a focus on companies that are looking to expand their market share or enter new markets. With its track record of successful investments in technology companies, Accel-KKR is well-positioned to generate strong returns for its investors in the years ahead.
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