KKR and management acquired Exact Software from Apax Partners
KKR and management of Exact Software (“Exact”) acquired Exact from Apax Partners. With KKR as new shareholder, Exact will focus on further growth, organic and by acquistions.
PhiDelphi leveraged their knowledge on management participation structures in the Netherlands by providing KKR with a value assessment of the management package for Exact’s management.
Exact (www.exact.com) a leading provider of business and accounting software in the Benelux region. Exact’s solutions today help 6,700 accountants manage the finances of over 400,000 small businesses in the cloud. Exact’s mid-market enterprise resource planning (“ERP”) solutions are also used by over 18,500 mid-sized firms, with a choice of cloud or on-premise deployment. The company’s integrated software suite includes Financial Management, Logistics, CRM, HR and Payroll. Exact employs 1,400 people in 12 different countries and 21 offices worldwide.
KKR (www.kkr.com) is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds.