KKR to acquire majority ownership in Agiloft

Private Equity Wire

KKR will acquire a majority stake in Agiloft, a technology company specialising in data-first contract lifecycle management. As part of the deal, existing investor FTV Capital will make an additional investment in the company, while JMI Equity joins as a new investor.

According to a press statement, the investment will help the company “continue to expand as it grows market share, acquires new customers, further innovates product solutions, and extends its world-class standard of customer success”. KKR, JMI Equity and FTV Capital will also collectively support Agiloft in implementing a broad-based employee ownership programme.

KKR is making the investment through its Next Generation Technology III Fund, has growing global portfolio of technology and software investments, including OneStream, o9, OutSystems, ReliaQuest (also an FTV Capital portfolio company), RainFocus and Restaurant365.

Moelis & Company and Baker McKenzie advised Agiloft, while Gibson, Dunn & Crutcher advised KKR.

The full article is available here. This article was published at Private Equity Wire.