Accel-KKR Fund V raises $1.3 bln

Accel-KKR said Monday that it closed its fifth buyout fund with $1.3 billion in committed capital. Accel-KKR Capital Partners V LP will invest in lower-middle market and middle-market software and IT-enabled services companies. Fund V also includes a $100 million commitment from the firm’s general partners.


Accel-KKR invests in Motor Vehicle Software Corp.

Accel-KKR has made a growth equity investment in Motor Vehicle Software Corp. Financial terms weren’t announced. Agoura Hills, California-based Motor Vehicle provides process management software for state government agencies and businesses.


Accel-KKR invests in Banker’s Toolbox

Accel-KKR has made a strategic growth investment in Banker’s Toolbox Inc. financial terms weren’t announced. Austin-based Banker’s Toolbox provides Bank Secrecy Act anti-money laundering compliance and fraud prevention solutions for the financial industry.


PE-owned Oildex buys ADP’s P2P business

Accel-KKR-owned Oildex has acquired Automatic Data Processing’s procure-to-pay business. No financial terms were disclosed. The newly combined company will operate as Oildex and provide solutions in the accounts payable and business-to-business automation segment within the financial supply chain automation industry.


HighJump buys Nexternal

HighJump, which is backed by Accel-KKR, has acquired Nexternal. Financial terms weren’t announced. Carlsbad, California-based Nexternal provides an ecommerce platform for manufacturers, distributors and retailers. News of the deal was announced by Software Equity Group which advised Nexternal.

Cross named CFO of Abila

Abila, a portfolio company of Accel-KKR, said Tuesday that Jeff Cross was named CFO. Most recently, Cross served in a consulting role with DigitalGlobe.


Accel-KKR merges EPiServer and Ektron

EPiServer and Ektron, both of which are backed by Accel-KKR, have merged to launch a “global digital experience leader of scale.” The newly combined company will operate under the EPiServer name but use both the EPiServer and Ektron brands. No financial terms were disclosed. Mark Duffell has been named president and CEO of the new company while James Norwood is joining as executive vice president of strategy and chief marketing officer. Also, Martin Henricson will become executive chairman.


Carrick Capital promotes two to managing director

Carrick Capital Partners has promoted Alex Mason to managing director and Steve Unterberger to managing director of operations. Mason was formerly a director at Carrick and a member of the founding team, Prior to Carrick, Mason worked at Accel-KKR as a vice president. He also worked at Technology Crossover Ventures. Unterberger had formerly been chief technology officer at Carrick, prior to which he held several positions at Exult, Inc.


Ektron fetches additional funding from Accel-KKR

Nashua, New Hampshire-based Ektron, a provider of digital management solutions, has received additional funding from Accel-KKR. No financial terms were disclosed for this investment, which follows Accel-KKR’s earlier funding last April.


Davison gets growth equity backing from Accel-KKR

F.W. Davison & Company, a provider of software solutions has received a minority growth equity investment from Accel-KKR. In conjunction with the investment, Greg Williams, managing director at Accel-KKR and David Cusimano, vice president at Accel-KKR, will join the board of directors.


Accel-KKR invests in Delta Data Software

Accel-KKR has made a minority investment in Delta Data Software, a software business focusing on mutual fund trading, data management, revenue/expense management, compliance and analytics. Terms of the deal were not disclosed. Greg Williams, managing director at Accel-KKR, and David Cusimano, vice president, will join Delta’s board of directors.


Accel-KKR invests in HighWire Press

Accel-KKR has acquired a majority stake in HighWire Press. No financial terms were disclosed. Stanford University, which founded HighWire Press in 1995, will retain its “significant” minority stake. Based in Redwood City, Calif., HighWire Press is a provider of tech solutions to scholarly publishers.


Accel-KKR leads funding round for Ektron

Ektron, a web content and digital management solutions provider in Nashua, New Hampshire, has received an undisclosed amount of funding. Accel-KKR led the round. According to the company, the capital infusion will be used for product development and expansion. Concurrent with the funding, Greg Williams and David Cusimano of Accel-KKR will join the firm’s board of directors.


Accel-KKR raises second structured capital fund

Accel-KKR has closed Accel-KKR Structured Capital Partners II with $325 million in committed capital, exceeding its target. The new fund continues the predecessor fund’s focus on making minority equity investments in growing technology companies via senior equity and other structured securities.

Oildex gets Accel-KKR backing

Transzap, a provider of Oildex smart information management solutions for the oil and gas industry has received a majority equity investment to support its strategic growth from Accel-KKR. The new partnership enables Oildex to make continued investments in its customers, existing solutions, new product development initiatives and market expansion. Oildex has offices in Denver and Houston.

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