Accel-KKR


Accel-KKR is an American technology-focused private equity firm with $8 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,, Atlanta, Georgia, Mexico City, and London.

History

The firm was founded in February 2000 as a partnership between the venture capital firm Accel Partners and Kohlberg Kravis Roberts, one of the oldest and largest leveraged buyout firms. Despite that, the firm has operated independently of either firm since the mid-2000s. The firm was founded by George R Roberts, Jim Breyer, Paul Hazen, Rob Palumbo, and Tom Barnds with headquarters in the San Francisco Bay Area.
Accel-KKR raised $8 billion of investor commitments. The company invested from its fifth buyout fund, a $1.5 billion fund raised in 2015, and its third minority equity fund, a $685 million fund raised in 2018. In April 2017, the company sold Abila Inc to Community Brands. In May, Goldman Sachs Asset Management's Petershill unit took a minor stake in Accel-KKR. In January 2020, the firm provided $50 million financial support to Partnerize, a company that specializes in automation solutions for global brands. The same year, in February, Rob Salvagno, the former vice president of Cisco Systems, was appointed as a co-head of Accel-KKR's technology business.
Accel-KKR has invested in or acquired over 200 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 24 European companies, six Canadian companies, and five companies based in Australia/New Zealand and four companies based in Latin America.

Current Portfolio Companies

Accel-KKR’s current portfolio companies include:
Previous investments from which Accel-KKR has since exited include: