Capstone Partners is the placement agent, I’m hearing.
Founded in 1997, Kennet has offices in London and Foster City, Calif. The PE firm’s last fund, Kennet III, collected $315 million in 2008. Kennet focuses on companies in technology, services and digital media spread through Europe and North America, according to the firm’s web site.
Kennet is considered a growth/technology buyout firm with a split European and U.S. strategy, one person says. The firm typically invests from $10 million to $100 million equity per deal, the Kennet web site says.
Capstone declined to comment, while Kennet Partners did not return calls.
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