- Sector: Application Software; Industrial Tech
- Deal Type: Private Equity Deals
- Engagement type: Sellside
- Size: >$1bn
Arma Partners is pleased to announce that it has acted as financial advisor to Kerridge Commercial Systems, a portfolio company of Accel-KKR, on its sale to CapVest. The transaction is subject to customary regulatory approvals and closing conditions and is expected to close later in the year.
Headquartered in Berkshire, United Kingdom, KCS’s leading vertical specific software and services are delivered to a global base of over 32,000 customers across more than 70 countries. The company’s industry specific cloud software suites support complex, vertical-specific workflows and provide mission critical solutions that enable its clients to source effectively, stock efficiently, sell profitability and service competitively. The company’s diversified client base spans large Enterprise to SME across a range of industry sectors including building materials & supplies, food & beverage, automotive, IT & electronics, construction & engineering, media and pharmaceuticals. KCS employs approximately 1,100 employees across 19 cities and 10 countries including the UK, USA, Australia, Canada, South Africa, Kenya, Belgium, the Netherlands, Sweden and Ireland.
Supported by Accel-KKR, the KCS team has in recent years pursued an ambitious growth strategy which has seen it complete 18 acquisitions and significantly expand its SaaS revenue, as well as providing additional functionality and services to clients via its layered application products. Partnering with CapVest will accelerate KCS’s growth by capitalising on the ongoing demand for cloud ERP, supported by the company’s reputation for best-in-class vertical-specific product functionality, quality and reliability.
This transaction further underscores Arma Partners’ continued leadership position in vertical market SaaS transactions and our track record of successfully executing landmark transactions involving global private equity investors.