Accel-KKR Takes Majority Growth Stake in Duett AS

Duett Software Group (Accel-KKR-backed) Acquires Danish Cloud ERP Provider Skyhost ApS

April 20, 2021

Cloud & SaaS

Duett Software Group has acquired Danish cloud-based software company Skyhost ApS to expand its ERP product capabilities into resource planning, fleet management and adjacent verticals in Denmark and Scandinavia. The deal is the first acquisition by Duett since receiving a majority equity investment from Accel-KKR in December 2019; both companies will continue to operate under their existing brands and management teams.

Accel-KKR Makes Majority Growth Investment in NAVTOR

August 27, 2020

Cloud & SaaS

Accel-KKR has made a majority growth investment in NAVTOR to accelerate the company's organic growth and support transformative M&A expansion. NAVTOR, headquartered in Egersund, Norway, is a leader in cloud-based e-navigation solutions (ENCs, digital publications, route optimization and fleet management); Crescent Capital Group LP partnered on financing for the deal.

Accel-KKR Takes Majority Stake in Lemontech

June 28, 2019

Cloud & SaaS

Accel-KKR has made a majority investment in Lemontech, the Santiago-based legaltech SaaS provider, to accelerate the company's international expansion, product development and talent growth. As part of the transaction, Accel-KKR principals will join Lemontech’s board and provide strategic and operational support to scale the business across Latin America and beyond.

Accel-KKR Makes Majority Growth Investment in Unimarket

August 3, 2021

Cloud & SaaS

Accel-KKR has made a majority growth investment in Unimarket, a cloud-based eProcurement and source-to-pay software provider founded in Auckland. The capital will be used to accelerate Unimarket's international expansion, drive product innovation, and support strategic M&A activity while the existing management team, led by CEO Peter Kane, stays in place.

Accel-KKR Takes Majority Stake in Kimble Applications

March 16, 2021

Cloud & SaaS

Kimble Applications, a cloud-based professional services automation (PSA) provider, closed a significant growth investment from Accel-KKR on March 16, 2021, with Accel-KKR becoming a majority interest holder. The new capital is intended to accelerate product innovation, go-to-market initiatives—particularly in North America—and support continued global growth and strategic M&A.

Accel-KKR Acquires Majority Stake in Recurly

August 12, 2020

Cloud & SaaS

Accel-KKR has made a majority equity investment in Recurly, a San Francisco-based provider of subscription management and billing software. The investment will provide capital and resources to accelerate Recurly's product innovation, expand global payments capabilities and scale its go-to-market efforts.