Highlighted Transactions

Technology

 

Accel-KKR LLC

Accel-KKR LLC (“AKKR”) has acquired a majority stake in SugarCRM Inc. The announced recapitalization led by AKKR was performed in partnership with existing shareholders and management of SugarCRM. Upon completion of the deal, AKKR will hold a controlling stake in SugarCRM. Financial terms of the private transaction were not disclosed. Piper Sandler served as financial advisor to AKKR on the transaction.

Client Description

AKKR is a private equity firm specializing in growth capital, debt investment, middle market investments as well as mezzanine investments. The firm seeks to invest in buyouts of divisions of larger companies, divisional carve-outs, subsidiaries and business units or operating assets from public companies; acquisitions and recapitalizations of closely held private companies; and going-private transactions of small and micro-cap public companies. The firm was founded in 2000 and is headquartered in Menlo Park, California.

Counterparty Description

SugarCRM provides an open source customer relationship management platform intended to deliver an indispensable tool for every individual who engages with customers. The company's open source customer relationship management platform offers a collection of applications to drive campaign management, opportunity tracking, account management, sales forecasting, customer support capabilities, product extensions and training, enabling clients to make better decisions and create better customer relationships. The company was founded in 2004 and is headquartered in Cupertino, California.


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