Accel-KKR backs HR software provider Endalia

Santander and Tresmares Capital provided financing to support the deal.

Accel-KKR intends to accelerate the company's organic growth and pursue a buy-and-build strategy with strategic acquisition opportunities.

This is the second deal inked by Accel-KKR in Spain and its 45th investment in the EMEA region since 2013, when the firm established a European presence.

Company
Founded in 2007 and based in Zaragoza, Endalia is a human resource management and payroll software provider for mid-market businesses across Spain.

The company offers 15 different modules, including benefits administration, compensation, structure management, travel and entertainment, training, workflow management and internal communication. These are fully integrated with payroll, providing an end-to-end cloud platform.

Endalia has more than 125 customers, including large enterprises such as Grupo Caixa, Airbus, BMW and Grupo 5.

People
Accel-KKR – Tom Barnds (co-managing partner).
Endalia – Fernando Cortes (founder, CEO).

Advisers
Equity – Cuatrecasas (legal); Morales & Besa (legal); Brodies (legal).
Company – Norgestion (M&A).

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