Accel-KKR, Long Path Partners and Briarwood Complete Tender Offer to Take Basware Private

A consortium led by Accel-KKR with investors Long Path Partners and Briarwood Capital Partners completed a voluntary public tender offer to acquire Basware, resulting in approximately 96.2% of shares and votes tendered. The transaction begins the process of taking Basware private to accelerate product innovation and growth in e-invoicing, accounts payable and procure-to-pay automation under long-term ownership.