KKR has closed its buy of a 25 percent stake in SoftwareONE. Financial terms of the deal, which was announced in August, weren’t announced. SoftwareONE’s four founding partners, existing shareholders as well as management will retain a 75 percent stake in the company. Stans, Switzerland-based SoftwareONE provides software portfolio management solutions.
STANS, Switzerland & LONDON–(BUSINESS WIRE)–SoftwareONE, one of the leading global providers of software portfolio management solutions and KKR, a leading global investment firm, announced today the closing of the transaction, announced on 17 August 2015.
KKR provides growth capital and acquires a 25% stake position in SoftwareONE. The four founding partners and existing shareholders together with the management team and the employees retain a 75% stake in the company.
The investment in SoftwareONE has been made primarily by the KKR European Fund IV.
Privately owned since 1985, SoftwareONE is the leading global provider of Software Portfolio Management (SPM) services. By combining our commercial, technology, compliance and governance expertise covering the full lifecycle of our clients’ software needs, we support our customers by ensuring their IT investments are cost-effectively road mapped towards their unique business needs. Our SPM Framework helps IT leaders to define their digitized technology roadmap and cost-efficiently manage their software assets through the lifecycle. Globally headquartered in Stans, Switzerland with sales in 115 countries, our certified consultants help our customers optimize their software spend through our elite sales designations and deep-rooted relationships with top publishers such as Microsoft, Adobe, IBM, VMware, Oracle, Citrix, Symantec, McAfee, and many more. To learn more about SoftwareONE, visit us at www.softwareone.com.
KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world‐class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners’ capital and brings opportunities to others through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.