- Overview
- Overview
- Investment DateAugust 2019
- Lead InvestorKKR
- RegionEurope
- SectorTechnology/ IT
- Percent of Fair Value2%
-
Key Theme
Long-Term Secular Growth
- Visit WebsiteVisit Website
$25.1m
Value of Investment
Exact is a market-leading provider of business application software (ERP, accounting, tax, payroll) for micro enterprises and SMEs in Benelux
Company Description
- Large and significantly growing addressable market
- Non-cyclical, predictable revenue model
- Historical revenue growth and strong cash-flow generation
Investment Overview
Founded in 1984 and headquartered in Delft, the Netherlands, Exact’s innovative software solutions today help more than 9,900 accountants manage the finances of small and mid-size enterprises and provide over 550,000 small businesses with high value-add solutions in the cloud.
In June 2021, Silver Lake (a global leader in technology investing) agreed to make a minority investment into Exact. KKR remains the majority shareholder.
Since the acquisition by KKR in 2019 and continuing throughout the minority investment by Silver Lake in 2021, Exact has experienced rapid growth and continued to expand its market leadership. Exact has successfully executed multiple acquisitions under KKR ownership. Most recently, in 2022 Exact acquired WeClapp, a provider of cloud ERP software in the DACH region.
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