The Service of the Commission for the Protection of Competition has received a notification of a concentration according to Section 10 (4) of the Control of Concentrations between Enterprises Law of 2014, concerning the acquisition of Vendavo Holdings, Inc., by ACCEL-KKR CAPITAL PARTNERS VI, LP and FRANCISCO PARTNERS MANAGEMENT, LP, via Project Victory Merger Sub, Inc.
ACCEL-KKR Capital Partners and its affiliated funds are controlled by Accel-KKR Holdings GP, LLC (hereinafter “AKKR”). It is an investment company which focuses on technology and in particular focuses on middle-market software and IT-enabled companies and provides capital solutions, including venture capital, minority investment and alternative credits.
Francisco Partners is a private equity firm. It focuses exclusively on investments of technology and on technology-enabled businesses. It currently controls solely Vendavo, via Francisco Partners VI, LP and its affiliated funds.
Vendavo is a parent company duly registered under the laws of the State of Delaware in the United States of America. Vendavo, through its subsidiaries, is a provider of business-to-business price optimization and management software that allows businesses to optimize prices and sales to achieve predictable, profitable results. The solutions of Vendavo use analytics to help customers across industries optimize and manage complex pricing terms and agreements.
Project Victory Merger Sub, Inc. is a start-up company, duly registered under the laws of the State of Delaware of the United States of America. It is a special purpose acquisition vehicle. It was established by AKKR and Francisco Partners, for the purpose of completing this Transaction.