KKR invests in Körber

KKR invested via KKR European Partners Fund V. However, financials were not disclosed. The fund closed in November 2019 on EUR 5.8bn and invests in European companies with enterprise values of EUR 500m-2bn.

Mergermarket reported in October 2021 that Körber had mandated Morgan Stanley to seek out investment partners for the company's supply chain software division.

Körber made several investments prior to KKR's backing, including its bolt-on in 2018 of Internet-of-Things specialist Connyun, and its acquisition of a majority stake in robotics company Magazino as part of an investor consortium for EUR 20.5m. According to Körber's website, it generated EUR 43m in operating EBITDA on the back of EUR 1.76bn in revenues in 2020.

Company
Körber is a global supply chain software business founded in 1995. It is headquartered in Hamburg, Germany, and has 1,300 employees. The company claims to serve 4,200 customers in different sectors across 70 countries.

Sources told Mergermarket in October 2021 that Körber's software unit generates around EUR 200m-250m in sales and that the US is responsible for a substantial portion of the unit's turnover as a result of its acquisition of Minnesota-based supply chain software specialist HighJump in 2017.

People
KKR – Christian Ollig (head of KKR, DACH).
Körber – Chad Collins (CEO software); Stephan Seifert (CEO).

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