UK Enterprise Solutions Firm Thunderhead Sells Smart Communications Division to Accel-KKR.
12 September 2016 - UK-based enterprise engagement solutions provider Thunderhead's Smart Communications division has been acquired by California-based private equity firm Accel-KKR, the company said.
Smart Communications will now operate as an independent entity, led by the existing management team and backed by Accel-KKR.
Thunderhead provides customer experience and enterprise engagement solutions.
It serves life insurance, healthcare insurance, property/casualty insurance, public sector, retail banking, wealth management, capital markets, telecommunications, and shipping industries in the United Kingdom and internationally.
The firm was founded in 2001 and is based in London, UK with additional offices in North America, Europe, and the Asia Pacific.
Thunderhead's Smart Communications suite of solutions helps businesses to move beyond traditional enterprise communications using the most modern architecture and cloud capabilities.
It is headquartered in London and serves its customers from offices located in North America, Europe and Asia Pacific.
Accel-KKR is a technology-focused investment firm with USD 4bn in capital commitments.
The firm invests in software and IT enabled businesses well-positioned for topline and bottom-line growth. The firm has offices in Menlo Park, Atlanta and London.
For Thunderhead, EY led the transaction with Slaughter and May advising on legal aspects of the deal.
Sector: Computer Software
Target: Thunderhead/Smart Communications division
Deal size in USD:
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed
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|Publication:||M & A Navigator|
|Date:||Sep 12, 2016|
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