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Private Equity
FINANCIAL | Investment Firms & Funds
accel-kkr.com

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Investments

72

Portfolio Exits

41

Funds

18

Partners & Customers

2

Service Providers

1

About Accel-KKR

Founded in 2000, Accel-KKR is a private equity financing firm. Accel-KKR invests in early stage, growth, mature companies with a preference for companies located in the midwest US, northeast US, southeast US, west. They primarily engage in the following transaction types: acquisition / expansion financing, buyout (lbo, mbo, mbi), divestiture, going private, recapitalization. Companies with revenues between $15 and $150 million are within the range that Accel-KKR seeks.

Accel-KKR Headquarter Location

2500 Sand Hill Road Suite 100

Menlo Park, California, 94025,

United States

650-289-2460

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Latest Accel-KKR News

TrueCommerce Acquires DiCentral

Sep 13, 2021

TrueCommerce Acquires DiCentral September 13, 2021 09:30 ET Cranberry Township, Pennsylvania, UNITED STATES PITTSBURGH, Sept. 13, 2021 (GLOBE NEWSWIRE) -- TrueCommerce, a leading global cloud provider of supply chain and trading partner connectivity, integration, and omnichannel solutions, announced today that it has acquired DiCentral, a leading global B2B and API solutions provider. This acquisition enables TrueCommerce to fuel the growth of its leading global network, deepen its solutions portfolio, and expand its global geographic footprint. This acquisition further cements TrueCommerce’s position as a leader in the digital supply chain collaboration and connectivity space. By leveraging the combined company’s expertise in automation, digitalization, and integration, TrueCommerce is uniquely positioned to transform the way its customers do business, with value-added solutions designed to tackle complex supply chain and eCommerce challenges, streamline operations, and increase profitability. Known for simplifying complex API and EDI business challenges, DiCentral adds 30,000 connections to TrueCommerce’s Global Commerce Network, plus nearly 5,000 customers from a diverse base. The combined TrueCommerce network now expands to 160,000 connections and nearly 18,000 customers. Combining the strengths of both companies creates an unmatched network and innovative solution offering that empowers customers to digitize, expand, and grow their businesses like never before. “Together, we offer intuitive integrated solutions and connectivity that solve the challenges our customers face in growing their business across an increasingly digitized, global, and complex supply chain,” said John Fay, CEO of TrueCommerce. The acquisition fuels TrueCommerce’s vision for global growth with expanded services and integrations, including: Expanded cloud-based global supply chain network Increased API connectivity to key 3rd party solutions An enhanced set of integrated SaaS applications and tools Powerful iPaaS capabilities Extended geographic footprint Tighter integration with cloud-based SMB & enterprise-level ERPs Accelerated deployment and ROI for customers “I am thrilled to be joining the TrueCommerce leadership team and working alongside John Fay and Todd Johnson to seamlessly bring the two companies together,” said Thuy Mai, CEO of DiCentral. “We see this as a win-win for both TrueCommerce and DiCentral customers. The resulting increase in global network connectivity, commerce solutions, applications, and tools provides an unmatched offering for customers looking to grow their businesses.” Mr. Mai will become a member of the TrueCommerce executive leadership team, serving as Co-Chief Strategy Officer of TrueCommerce. Todd Johnson will serve as the new CEO of DiCentral in addition to his current role as President and COO of TrueCommerce. John Fay will continue to serve as CEO of the combined company. “DiCentral’s offerings strengthen our multienterprise commerce network, which already empowers businesses of all sizes to grow both domestically and internationally,” said Todd Johnson, CEO of DiCentral and President and COO of TrueCommerce. “I’m looking forward to working with the DiCentral team and continuing to provide best-in-class solutions and services to our customers.” Ryan Harper, General Partner at Welsh, Carson, Anderson & Stowe (WCAS), a leading technology-focused private equity firm that recently acquired TrueCommerce, remarked, “We are confident that TrueCommerce is on track to becoming the global leader in supply chain collaboration, connectivity and omnichannel solutions. We continue to support the strategy of combining organic growth with focused, strategic acquisitions that expand the depth and breadth of new and existing segments, geographies, and capability areas.” WCAS acquired TrueCommerce in November 2020 from Accel-KKR (AKKR). AKKR remains a minority shareholder of TrueCommerce. DiCentral was advised by DC Advisory. About TrueCommerce TrueCommerce is the most complete way to connect your business across the supply chain, integrating everything from EDI, to inventory management, to fulfillment, to digital storefronts and marketplaces. We’ve revolutionized supply chain visibility and collaboration by helping organizations make the most of their omnichannel initiatives via business P2P connectivity, order management, collaborative replenishment, intelligent fulfillment, cross-functional analytics, and product information management. The TrueCommerce Global Commerce Network can connect businesses to over 130,000 retailers, distributors, and logistics service providers. As a fully managed services provider, we also manage new trading partner onboarding, as well as the ongoing management of partner-specific mapping, labeling changes, and communications monitoring. That’s why thousands of companies—ranging from startups to the global Fortune 100, across various industries—rely on us. TrueCommerce: Do business in every direction For more information, visit www.truecommerce.com    About DiCentral Founded in 2000, DiCentral is a leading global provider of business-to-business and application integration solutions, with over two decades of experience solving complex EDI and API challenges. As market conditions continue to fluctuate and technology is deployed to manage process changes, leading organizations rely on DiCentral’s cloud-based integration platform and a global team of specialized experts to integrate and leverage data across multiple cloud and on-premises systems and applications. Headquartered in Houston, Texas, DiCentral has 11 offices worldwide, supporting customers in more than 35 countries. DiCentral utilizes a vast library of integrations with ERPs and other applications to seamlessly exchange transactional data with trading partners worldwide to maximize ROI while maintaining existing data infrastructure. DiCentral’s services and solutions are leveraged by many Fortune 1000 companies, processing over $200 billion in transactions for over 30,000 organizations worldwide. For more information, visit www.dicentral.com . About Welsh, Carson, Anderson & Stowe WCAS is a leading U.S. private equity firm focused on two target industries: technology and healthcare. Since its founding in 1979, the firm's strategy has been to partner with outstanding management teams and build value for its investors through a combination of operational improvements, growth initiatives and strategic acquisitions. The firm has raised and managed funds totaling over $27 billion of committed capital. For more information, please visit www.wcas.com . About Accel-KKR Accel-KKR is a technology-focused investment firm with over $10 billion in capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. In 2019 and 2020, Inc. named Accel-KKR to “PE 50 – The Best Private Equity Firms for Entrepreneurs,” its annual list of founder-friendly private equity firms. Accel-KKR is headquartered in Menlo Park with offices in Atlanta and London. Visit www.accel-kkr.com to learn more. Media Contact

Accel-KKR Investments

72 Investments

Accel-KKR has made 72 investments. Their latest investment was in PropLogix as part of their Private Equity on August 8, 2021.

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Accel-KKR Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/27/2021

Private Equity

PropLogix

Yes

4

8/26/2021

Debt - II

Trax Technologies

Yes

2

8/24/2021

Private Equity

Aircraft Technical Publishers

Yes

1

8/4/2021

Private Equity

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$99M

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10

7/28/2021

Private Equity

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$99M

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10

Date

8/27/2021

8/26/2021

8/24/2021

8/4/2021

7/28/2021

Round

Private Equity

Debt - II

Private Equity

Private Equity

Private Equity

Company

PropLogix

Trax Technologies

Aircraft Technical Publishers

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Amount

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

4

2

1

10

10

Accel-KKR Portfolio Exits

41 Portfolio Exits

Accel-KKR has 41 portfolio exits. Their latest portfolio exit was TEAM Software on September 15, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/15/2021

Acquired

WorkWave

2

7/15/2021

Acquired

$991

Waystar

3

6/2/2021

Acquired

EveryAction

3

00/00/0000

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$991

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10

00/00/0000

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10

Date

9/15/2021

7/15/2021

6/2/2021

00/00/0000

00/00/0000

Exit

Acquired

Acquired

Acquired

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Companies

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Valuation

$991

$991

Acquirer

WorkWave

Waystar

EveryAction

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Sources

2

3

3

10

10

Accel-KKR Acquisitions

42 Acquisitions

Accel-KKR acquired 42 companies. Their latest acquisition was GPS Insight on May 19, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/19/2021

Private Equity

Acq - Fin

6

3/26/2021

Acquired - II

$991

Acq - Fin

10

3/16/2021

Private Equity

$3.63M

Acq - Fin

3

1/14/2021

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$99M

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10

12/31/2020

Acq - Fin

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$99M

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10

Date

5/19/2021

3/26/2021

3/16/2021

1/14/2021

12/31/2020

Investment Stage

Private Equity

Acquired - II

Private Equity

Acq - Fin

Companies

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Valuation

$991

Total Funding

$3.63M

$99M

$99M

Note

Acq - Fin

Acq - Fin

Acq - Fin

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Sources

6

10

3

10

10

Accel-KKR Fund History

18 Fund Histories

Accel-KKR has 18 funds, including Accel-KKR Emerging Buyout Partners.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/29/2020

Accel-KKR Emerging Buyout Partners

$640M

2

9/16/2019

Accel-KKR Capital Partners CV III

Co-Investment Fund

$1,386M

2

3/19/2018

Accel-KKR Credit Partners LP

Private Debt (Other)

$170M

1

9/28/2015

Accel-KKR Capital Partners V

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$99M

10

3/31/2014

Accel-KKR Structured Capital Partners II

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$99M

10

Closing Date

10/29/2020

9/16/2019

3/19/2018

9/28/2015

3/31/2014

Fund

Accel-KKR Emerging Buyout Partners

Accel-KKR Capital Partners CV III

Accel-KKR Credit Partners LP

Accel-KKR Capital Partners V

Accel-KKR Structured Capital Partners II

Fund Type

Co-Investment Fund

Private Debt (Other)

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Status

Amount

$640M

$1,386M

$170M

$99M

$99M

Sources

2

2

1

10

10

Accel-KKR Partners & Customers

2 Partners and customers

Accel-KKR has 2 strategic partners and customers. Accel-KKR recently partnered with Reapit on October 10, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

10/10/2017

Partner

Reapit

Australia

Reapit forms partnership with Accel-KKR for product expansion

UK-based real estate software platform Reapit has formed a partnership with private equity firm Accel-KKR .

1

10/23/2013

Partner

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10

Date

10/10/2017

10/23/2013

Type

Partner

Partner

Business Partner

Reapit

Country

Australia

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News Snippet

Reapit forms partnership with Accel-KKR for product expansion

UK-based real estate software platform Reapit has formed a partnership with private equity firm Accel-KKR .

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Sources

1

10

Accel-KKR Service Providers

1 Service Provider

Accel-KKR has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Acq - Fin

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Acq - Fin

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

Accel-KKR Team

5 Team Members

Accel-KKR has 5 team members, including current Managing Director, Jason Kurtz.

Name

Work History

Title

Status

Jim Breyer

Founder

Current

Jason Kurtz

Managing Director

Current

Greg Williams

Managing Director

Current

Dennis H Jones

President

Former

Jed Dempsey

Managing Director

Former

Name

Jim Breyer

Jason Kurtz

Greg Williams

Dennis H Jones

Jed Dempsey

Work History

Title

Founder

Managing Director

Managing Director

President

Managing Director

Status

Current

Current

Current

Former

Former

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