With this investment, Aico will seek to bolster its market expansion across Europe, especially in the DACH region, and continue to develop and strengthen its financial close platform.
TGS Baltic ensured Accel-KKR full transactional support concerning Aico Latvia SIA, Aico Group company in Latvia, on Latvian law and jurisdiction-related issues, including due diligence and foreign direct investment issues.
Andra Rubene (Corporate and M&A), Toms Tīdemanis (Employment) and Evija Ābele (Corporate and M&A) provided Accel-KKR with all the necessary legal support to enable the transaction.
For more information, please visit: https://www.accel-kkr.com/aico-receives-majority-equity-investment-from-global-software-investor-accel-kkr/
About Accel-KKR:
Accel-KKR is a technology-focused investment firm with $19 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses well-positioned for top-line and bottom-line growth. A commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through Accel-KKR network lies at the core of Accel-KKR’s investment strategy. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, London and Mexico City. Visit accel-kkr.com to learn more.
About Aico Group:
Aico is an advanced financial close platform for large enterprises. Aico helps companies take control of their hectic closing processes, empowering financial teams and freeing time for other important activities. Its customers, including leading European enterprises, achieve a high level of automation and standardization of processes, faster month-end financial reporting, and assurance of compliance and data accuracy. Established in 2019 in Espoo, Finland, Aico has offices in Finland, Germany, the UK and Latvia. For more information, visit www.aico.ai.
About Juuri Partners:
Juuri Partners manages two private equity funds with approximately €200 million in cumulative capital commitments. Juuri Partners supports entrepreneurs in building success stories and invests in exceptional small and medium-sized companies in Finland. Juuri Partners offers a business development concept that combines growth financing, active ownership and strategic business support. The investor base for the funds is comprised of Finnish and international institutional investors. Visit www.juuripartners.fi to learn more.
TGS Baltic is a top-tier full-service business law firm in Latvia, Estonia, and Lithuania, employing more than 170 lawyers across the Baltics http://tgsbaltic.com/
