KKR acquires minority stake in Software One

The GP will also inject an undisclosed amount of growth capital. The four founding partners, together with the management team, will retain a 75% stake in the company. There will be no changes to the management structure.

KKR invests via its European Fund IV, which had its first close earlier this year. By the end of June, the fund had raised commitments of $2,6bn.  

So far, Software One is KKR's only European IT investment this year. The last one was Arago in March 2014, a German company developing software that automates IT operations.

The investment is KKR's second deal in Switzerland. The GP bought a minority stake of 49% in Scout24 Schweiz/Omnimedia in July 2014. 

Company
Software One was founded in 1985 and is headquartered in Stans, Switzerland. The company provides software licensing and procurement services, software asset management, technology consulting and cloud services. Its 2,500 employees serve 25,000 customers in 115 countries. Microsoft, IBM, Oracle and SAP are among its customers.

People
Jean-Pierre Saad is the director of KKR's European private equity technology team. Daniel von Stockar is the chairman of Software One's board.

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• Topics
• DACH
• Consumer
• Expansion
• Switzerland
• KKR