Accel and KKR raise $600 million private equity fund
Accel-KKR has raised a third private equity fund of $600 million to invest in technology busineses.
The Accel-KKR Capital Partners III fund is a growth-oriented, middle-market tech fund. The fund was initially targeted at just $450 million and was significantly oversubscribed. Now two partners have more than $1 billion in assets under managemen.
The new fund’s investors include college and university endowments, corporate pension plans, foundations, insurance companies, investment advisors, state and government retirement systems and family… Continue Reading
Grocery software company iTradeNetwork to buy Instill Corp.
A company called iTradeNetwork, which provides management software for the grocery industry, is about to acquire the Instill Corporation. Instill is a venture-backed startup that also targets the food service industry, in its case by making the purchasing process more efficient.
Instill will be brought in as a division of iTradeNetwork, but the deal’s financial details have not been disclosed. The merger was facilitated by Accel-KKR, which purchased a majority stake in the iTradeNetwork in December.
Instill… Continue Reading
Accel-KKR has raised a tech buyout fund, at >$300M
Accel-KKR of Menlo Park, Calif. has closed its second fund with at least $300 million in capital commitments, according to Buyouts Magazine and cited by PE Week. The new vehicle will focus primarily on technology buyouts, the report said.