The Service of the Commission for the Protection of Competition has received a notification of a concentration concerning the acquisition of part of the share capital of Nitro Software Limited by KKR & Co. Inc., via Cascade Parent Limited.
Cascade Parent Limited is a company duly registered under the laws of Jersey. Cascade Parent Limited (marketed as Alludo) is a global technology company that provides professional-caliber graphics, virtualization, and productivity solutions for the digital remote workforce. Alludo is solely controlled by investment funds, vehicles and/or accounts consulted and managed by various subsidiaries of KKR & Co. Inc.
Rocket BidCo Pty Ltd is a proprietary company registered under the laws of Australia and is a special purpose vehicle through which Alludo will acquire part of the share capital of the Target.
KKR & Co. Inc. is a global investment firm offering alternative asset management solutions, as well as capital markets and insurance. KKR aims to generate attractive investment returns, following a patient and disciplined investment approach, employing world-class individuals and supporting the development of its portfolio companies and communities. KKR finances investment funds that invest in private equity), credit and real estate assets and has strategic partners managing investment funds (hedge funds).
Nitro Software Limited is a global software company that provides comprehensive PDF productivity and eSignature tools to customers through a horizontal software-as-a-service software program (SaaS) and desktop computers. This service allows Knowledge Workers to manage and edit documents for a variety of functions, including processing, collaboration, storage, and electronic signature.