Private equity firms

Fast-growing BankTech Software Provider Abrigo Announces Strategic Growth Investment from Carlyle

Retrieved on: 
Tuesday, August 3, 2021
Financial services, Finance, Private equity firms, Kohlberg Kravis Roberts, Accel-KKR, Asset and liability management, Accel

AUSTIN, Texas and NEW YORK, Aug. 3, 2021 /PRNewswire/ --Abrigo, a leading technology provider of compliance, risk, and lending solutions for financial institutions, announced today it has secured a strategic growth investment from funds managed by Carlyle (NASDAQ: CG).

Key Points: 
  • AUSTIN, Texas and NEW YORK, Aug. 3, 2021 /PRNewswire/ --Abrigo, a leading technology provider of compliance, risk, and lending solutions for financial institutions, announced today it has secured a strategic growth investment from funds managed by Carlyle (NASDAQ: CG).
  • Abrigo will use the investment to accelerate its commitment to helping financial institutions manage risk and drive growth.
  • The strategic growth investment from Carlyle in partnership with Accel-KKR will enable Abrigo to further accelerate sales growth, deepen its strong customer relationships, and pursue significant and transformational M&A.
  • Abrigo is a leading technology provider of compliance, credit risk, lending, and asset/liability management solutions that financial institutions use to manage risk and drive growth.

Unimarket, High-Growth eProcurement Platform, Announces Majority Growth Investment from Accel-KKR

Retrieved on: 
Monday, August 2, 2021
Private equity firms, Investment, Alternative investment management companies, Kohlberg Kravis Roberts, Accel-KKR, Accel, Procurement software, Procurement

MENLO PARK, Calif. and AUCKLAND, New Zealand, August 2, 2021 /PRNewswire-PRWeb/ --Unimarket, a fast-growing provider of procurement software and services, today announced that it has received a majority growth investment from Accel-KKR, a leading global technology-focused investment firm.

Key Points: 
  • MENLO PARK, Calif. and AUCKLAND, New Zealand, August 2, 2021 /PRNewswire-PRWeb/ --Unimarket, a fast-growing provider of procurement software and services, today announced that it has received a majority growth investment from Accel-KKR, a leading global technology-focused investment firm.
  • The investment will build on Unimarket's success by driving product innovation and strategic acquisitions to create more value for its customers across Australia, New Zealand and the United States.
  • "Given our extensive experience investing in procurement and spend management software, we know we can bring material value to Unimarket's growth strategy.
  • eProcurement: Solution that allows clients to easily find and buy products and services, plus manage purchase orders, approvals and requisitions.

CVC Credit prices third new CLO of 2021

Retrieved on: 
Thursday, July 29, 2021
Private equity firms, Investment, Citigroup, Finance, R, CVC Capital Partners

This is third new CLO fund CVC Credit has priced globally this year and will increase its assets under management to approximately $29 billion.

Key Points: 
  • This is third new CLO fund CVC Credit has priced globally this year and will increase its assets under management to approximately $29 billion.
  • Kevin O'Meara, Partner and Portfolio Manager at CVC Credit, said: "We are pleased to have priced our second new U.S. CLO of 2021.
  • CVC Credit is the credit management business of CVC.
  • CVC Credit is a global credit asset manager with offices in the U.S. and Europe, over 60 investment professionals.

Drips Receives Significant Strategic Growth Investment from Accel-KKR

Retrieved on: 
Wednesday, July 28, 2021
Mobile, Wireless, Social media, Internet, Search engine marketing, Consumer electronics, Technology, Other Communications, Marketing, Advertising, Audio, Video, Communications, Other Technology, Telecommunications, Private equity firms, Investment, Alternative investment management companies, Kohlberg Kravis Roberts, Accel-KKR, Accel

Drips , the founders of Conversational Texting, today announced it has secured a significant investment from Accel-KKR to fuel the next era of growth of its first-to-market conversational AI platform.

Key Points: 
  • Drips , the founders of Conversational Texting, today announced it has secured a significant investment from Accel-KKR to fuel the next era of growth of its first-to-market conversational AI platform.
  • Drips focus on empowering brands to capture intent and drive meaningful conversations has sparked rapid growth since the company was founded in 2016.
  • This year, Drips will reach nearly three times our 2019 revenues and our strong financial performance is what made this investment possible.
  • With Accel-KKR as our partner, we are positioned to catapult into our next phase of growth and product innovation, said Aaron Christopher (A.C.) Evans, Drips CEO.

FRISS Raises $65 Million Series B Funding Led by Accel-KKR

Retrieved on: 
Wednesday, July 28, 2021
Professional services, Data management, Technology, Insurance, Finance, Software, Private equity firms, Investment, Finance, Accel-KKR, Kohlberg Kravis Roberts, Accel, Insurance fraud, Insurance

FRISS , the most widely adopted provider of AI-powered end-to-end fraud prevention and detection solutions for P&C insurers worldwide, today announced it closed a $65 million Series B funding round led by Accel-KKR , advised by FT Partners and endorsed by existing investor, Aquiline .

Key Points: 
  • FRISS , the most widely adopted provider of AI-powered end-to-end fraud prevention and detection solutions for P&C insurers worldwide, today announced it closed a $65 million Series B funding round led by Accel-KKR , advised by FT Partners and endorsed by existing investor, Aquiline .
  • The funding will fuel the companys rapid growth with additional product innovations, deep market penetration and lines of business expansions.
  • View the full release here: https://www.businesswire.com/news/home/20210728005113/en/
    FRISS Raises $65 Million Series B Funding Led By Accel-KKR (Graphic: Business Wire)
    Insurance fraud is a large and growing problem faced by insurance companies, with estimates of fraud in as much as 10-17% of total claims paid annually a staggering $80 billion annual loss in the US insurance market alone1.
  • Jeroen Morrenhof , CEO and Co-Founder of FRISS said, Weve been around for 15 years and completed over 200 implementations.

Harris Williams Advises Worldwide Express, LLC on its Sale to CVC Capital Partners

Retrieved on: 
Tuesday, July 27, 2021
Professional services, Maritime, Transport, Logistics, Supply chain management, Finance, Banking, Private equity firms, CVC Capital Partners, Citigroup, Investment, Finance, Providence Equity, R, CVC

Harris Williams , a global investment bank specializing in M&A advisory services, announces it advised Worldwide Express, LLC (Worldwide Express), a portfolio company of Ridgemont Equity Partners (Ridgemont), on its sale to CVC Capital Partners (CVC).

Key Points: 
  • Harris Williams , a global investment bank specializing in M&A advisory services, announces it advised Worldwide Express, LLC (Worldwide Express), a portfolio company of Ridgemont Equity Partners (Ridgemont), on its sale to CVC Capital Partners (CVC).
  • CVC will merge Worldwide Express with GlobalTranz Enterprises, LLC (GlobalTranz), another leading non-asset based provider of 3PL solutions.
  • The combination is sponsored by a consortium led by CVC and GlobalTranzs current lead investors, Providence Equity Partners (Providence) and PSG.
  • Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

GHO Capital Announces Final Close of Fund III With Over €2 Billion of Capital to Invest

Retrieved on: 
Tuesday, July 20, 2021
Biotechnology, Finance, Other Health, Health, Professional services, Alternative investment management companies, Private equity firms, Investment

GHO Capital (Global Healthcare Opportunities), the European specialist investor in global healthcare, announces the final close of its third fund, GHO Capital III LP (the Fund or Fund III), less than four months after entering the market, with over 2 billion of capital available to invest.

Key Points: 
  • GHO Capital (Global Healthcare Opportunities), the European specialist investor in global healthcare, announces the final close of its third fund, GHO Capital III LP (the Fund or Fund III), less than four months after entering the market, with over 2 billion of capital available to invest.
  • Double the size of its 2019 predecessor, Fund III saw strong support from both existing and new investors.
  • The fully virtual fundraise was significantly oversubscribed and substantially exceeds its target of 1.25 billion, taking total assets under management (AUM) to c.5 billion.
  • The Fund will maintain GHOs thematic focus in identifying attractive healthcare subsectors, building businesses of strategic global value.

Lincoln Road Global Management and Peninsula Capital Partners Complete the Sale of Republic Fire Protection

Retrieved on: 
Wednesday, July 7, 2021
Finance, Money, Economy, Corporate finance, Investment, Private equity, Private equity firms

MIAMI, July 7, 2021 /PRNewswire/ --Lincoln Road Global Management, LLC ("Lincoln Road"), a private equity firm focused on lower middle-market companies, and Peninsula Capital Partners, LLC ("Peninsula Capital"), a private equity firm focused on providing customized subordinated debt and equity solutions, today announced the sale of Republic Fire Protection, Inc. ("Republic Fire" or "the Company"), a full-service provider of fire safety and protection services.

Key Points: 
  • MIAMI, July 7, 2021 /PRNewswire/ --Lincoln Road Global Management, LLC ("Lincoln Road"), a private equity firm focused on lower middle-market companies, and Peninsula Capital Partners, LLC ("Peninsula Capital"), a private equity firm focused on providing customized subordinated debt and equity solutions, today announced the sale of Republic Fire Protection, Inc. ("Republic Fire" or "the Company"), a full-service provider of fire safety and protection services.
  • Lincoln Road partnered with Peninsula Capital to form Republic Fire as a highly scalable platform company to acquire complementary fire protection products and services businesses in the Southeastern U.S.
  • Under the guidance of Lincoln Road and Peninsula Capital, the Company established a compelling business model for owners of fire protection businesses.
  • "We would like to thank Peninsula Capital and Lincoln Road for being outstanding partners and providing us with the resources and operational guidance to support Republic Fire's exceptional growth," said Michael McLeod, CEO of Republic Fire Protection.

Accel-KKR Completes Acquisition of Navis

Retrieved on: 
Friday, July 2, 2021
Software, Internet, Data management, Technology, Other Manufacturing, Trucking, Rail, Maritime, Air, Transport, Other Technology, Logistics, Supply chain management, Manufacturing, Private equity firms, Finance, Investment, Accel, Kohlberg Kravis Roberts, Navis, LLC, Accel-KKR, NAVIS, LLC, ACCEL-KKR

Navis, together with Accel-KKR, is well-positioned to accelerate organic and strategic investments to bring greater efficiency, control and predictability to ocean and landside logistics through advanced technology.

Key Points: 
  • Navis, together with Accel-KKR, is well-positioned to accelerate organic and strategic investments to bring greater efficiency, control and predictability to ocean and landside logistics through advanced technology.
  • The acquisition marks a thrilling new chapter for the entire Navis team and our customers we proudly serve around the world, said Benoit de la Tour, President and CEO, Navis.
  • Accel-KKRs acquisition, which will complete the transfer of all business units by the end of 2021, includes Navis full software portfolio, including N4, Master Terminal and Octopi by Navis terminal operating systems (TOS), Navis Carrier & Vessel Solutions (NCVS), as well as Navis Rail Intermodal TOS and Freight Rail Planning & Scheduling, powered by Biarri Rail.
  • Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results.

Insight Partners Announces Deployment of $15M Vision Capital 2020 LP Fund

Retrieved on: 
Monday, June 21, 2021
Finance, Investment, Private equity firms, Insight Partners, Venture capital

NEW YORK, June 21, 2021 /PRNewswire/ -- Insight Partners , a leading global venture capital and private equity software investor,announced today it has raised and deployed a $15M Vision Capital 2020 Limited Partner Fund (Vision Capital 2020) to invest in diverse-led, early-stage funds.

Key Points: 
  • NEW YORK, June 21, 2021 /PRNewswire/ -- Insight Partners , a leading global venture capital and private equity software investor,announced today it has raised and deployed a $15M Vision Capital 2020 Limited Partner Fund (Vision Capital 2020) to invest in diverse-led, early-stage funds.
  • Vision Capital 2020 supports funds led by General Partners (GP) identifying as Black, Latinx, female or LGBTQ+, who are raising a first or second fund.
  • Vision Capital 2020 LP was featured at Insight Partners' Juneteenth Webinar, Voices with Vision .
  • "Insight Partners is proud to have raised and deployed Vision Capital 2020 and recognizes the need to take swift action to close the disproportionate diversity gap across the venture capital field," said Richard Wells, Managing Director, Insight Partners.