KKR invests in SoftwareONE

KKR is investing in SoftwareONE and will have a 25 percent minority stake in the company. Financial terms 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.


Aricent acquires SmartPlay for $180 mln

Venture-backed Aricent, a Redwood City, Calif.-based provider of product engineer services, has acquired SmartPlay, a chip design services company based in India, for a reported $180 million. The acquisition bolster’s Aricent’s R&D efforts in software, hardware and network products for the Internet of Things. Aricent has raised funding from KKR and Sequoia Capital.


KKR leads $45 mln round for DoubleDutch

Mobile app event company DoubleDutch has raised $45 million in funding. KKR led the round with participation from other investors that included Bessemer Venture Partners and Index Ventures.


FIS to buy SunGard in $9.1 bln deal

Fidelity National Information Services Inc (FIS) said Wednesday that it has agreed to buy SunGard in a deal valued at $9.1 billion, including the assumption of debt. Wayne, Pennsylvania-based SunGard is a financial software company with $2.8 billion in annual revenue. Seven private equity firms – Silver Lake, TPG, Bain Capital, KKR, Blackstone Group, Providence Equity Partners and Goldman Sachs’ private equity unit – acquired SunGard in 2005 in a $11.3 billion deal. BofA Merrill Lynch and Centerview Partners LLC acted as financial advisors to FIS. Goldman Sachs & Co., J.P. Morgan Securities LLC, Barclays, Deutsche Bank Securities Inc. and Credit Suisse acted as financial advisors to SunGard.


KKR to invest $150 mln in JBF Group

KKR has agreed to invest $150 million into JBF Group, which owns JBF Industries Ltd. A portion of the $150 million will be used by KKR to buy a 20 percent stake in JBF, which is traded on BSE Ltd and the National Stock Exchange of India. KKR will use the remaining proceeds to buy zero-coupon convertible preference shares with 14.5% voting rights in JBF Global Pte. Limited, Singapore, an unlisted subsidiary. Mumbai-based JBF makes polyester value-chain products. Fortune Financial & Equities Services Pvt. Ltd advised JBF.


Cylance rakes in more than $42 mln Series C

Cylance Inc, which uses artificial intelligence to predict and prevent cyber attacks, has raised more than $42 million in Series C funding. DFJ Growth led the round with participation from KKR, Dell Ventures, CapitalOne Ventures, Thomvest,  DraperNexus, Blackstone, Fairhaven Capital, Khosla Ventures and TenEleven Ventures. In addition to the funding, Mark Bailey, co-founder and managing director of DFJ Growth, has been added to Cylance’s board of directors.


Ireland Strategic Investment Fund and KKR launch Activate Capital

The Ireland Strategic Investment Fund along with KKR Credit have launched a 500 million Euro(US$551.6 mln) joint venture. The ISIF is contributing €325 million Euros (US$358.6 mln) towards the joint venture while KKR is providing the remaining 175 million Euros (US$193.1 mln). The J.V., called Activate Capital, will focus exclusively on lending to Irish residential development projects. Robert Gallagher, a KKR Director, will be CEO of Activate while Dan O’Connor will be chairman. O’Connor is the former President and Chief Executive Officer of GE Consumer Finance – Europe.


KKR, Borealis Maritime to buy Hanseatic Ship Asset for $254.5 mln

KKR and Borealis Maritime said Thursday it acquired Hanseatic Ship Asset Management GmbH for $254.5 million. Commerzbank AG is the seller. Hanseatic controls a modern fleet of 13 mid-size container vessels and 5 mid-size dry bulk vessels. In 2013, KKR and Borealis Maritime formed a joint venture to invest in distressed shipping assets.


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First Read starts your day with news that Toshiba’s CEO has resigned over the company’s accounting scandal, KKR’s First Data has filed for an IPO and NFL revenue soars to $12 billion last season, a 14.3 percent increase from the previous year.

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