KKR acquires hybrid IT services firm Ensono

KKR has acquired Ensono, a hybrid IT services provider.

KKR has acquired Ensono, a hybrid IT services provider. No financial terms were disclosed. UBS Investment Bank and Guggenheim Securities LLC served as financial advisors to Ensono on the transaction while Morgan Stanley and RBC Capital Markets LLC served as financial advisors to KKR.

PRESS RELEASE

DOWNERS GROVE, Ill., June 4, 2021 – KKR, a leading global investment firm, and Ensono, a leading hybrid IT services provider, today announced the closing of the previously announced acquisition of Ensono by KKR. Ensono provides a comprehensive suite of services that help enterprises manage, optimize and modernize their IT systems across mainframe, cloud and hybrid infrastructure.

“Joining the KKR family strengthens our position as a leading managed service provider and enables us to grow and drive innovation to meet the changing needs of our clients,” said Jeff VonDeylen, CEO of Ensono. “We have a great partner in KKR who shares our values, our vision, and is committed to our success.”

“Ensono is a true leader in digital transformation and creating innovative solutions that meet clients’ business needs,” said Webster Chua, Partner at KKR. “We are excited to begin working with the Ensono team as they double down on their hybrid solutions strategy and look to enter a new chapter of accelerated growth.”

Charlesbank Capital Partners and M/C Partners acquired Ensono in 2015 and, in partnership with management, have scaled the business, expanding the Company’s customer base and services significantly. KKR is making the investment primarily from its Americas XII Fund.

UBS Investment Bank and Guggenheim Securities, LLC served as financial advisors to Ensono. Morgan Stanley & Co LLC and RBC Capital Markets, LLC served as financial advisors to KKR. Goodwin Procter LLP provided legal counsel to Ensono and Simpson Thacher & Bartlett LLP served as KKR’s legal counsel. Jamieson Corporate Finance and Arnold & Porter advised Ensono management on the transaction.

For more information about Ensono visit www.ensono.com.

About Ensono
Ensono helps IT leaders be the catalyst for change by harnessing the power of hybrid IT to transform their businesses. We accelerate digital transformation by increasing agility and scalability through infrastructure modernization and migration to public cloud. Our broad services portfolio, from mainframe to cloud, is powered by an award-winning IT insights platform and is designed to help our clients operate for today and optimize for tomorrow. We are certified experts in AWS and Azure and recognized as Microsoft Datacenter Transformation Partner of the Year. Ensono has over 2,500 associates around the world and is headquartered in greater Chicago. Visit us at www.ensono.com.

About KKR
KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.