IK Investment Partners’ IK 2007 Fund is to sell EPiServer to Accel – KKR (AKKR), a technology-focused private equity firm specialising in software and IT-enabled businesses.
The parties have agreed not to disclose the financial terms of the transaction.
EPiServer, headquartered in Stockholm, Sweden, is a global software provider for innovative digital marketing and e-commerce solutions. As demand to improve experiences for connected consumers grows, EPiServer has successfully traversed industry challenges by offering the first combined e-commerce/web content management platform that blends the marketing and sales process. Today, the EPiServer platform empowers over 5,500 customers globally to deliver the best customer experiences on digital marketing and e-commerce sites.
Following the IK 2007 Fund’s acquisition of EPiServer in 2010, the Company has successfully continued to focus on international expansion, opening up new offices in the United States and Europe and strengthening its position globally. In addition, the Company has broadened its product offering to stay ahead of competition, through internal innovation and strategic acquisitions in e-commerce, search and behavioural content delivery. EPiServer has almost doubled its revenues with remained high profit margins over the last five years.
“Since being acquired by the IK 2007 Fund in 2010, EPiServer has experienced a period of growth and internationalisation. We have broadened our product offering, expanded our presence across the globe and extended our partner network. Today, our platform is helping our customers to maximise their investments in digital marketing and improve business results. Being acquired by AKKR will help us to better serve our customers and partners in all regions, but especially in the US,” said Martin Henricson, CEO of EPiServer.
“Under IK’s ownership and with Peter Larsson as chairman of the Board, EPiServer has continued its significant growth trajectory and has secured its position as a market leader in combining web content management and e-commerce. It has been an exciting journey supporting the Company and its management team through this time of rapid expansion and growth, both organically and via acquisitions, and we are confident that EPiServer will continue to be successful going forward,” says Helena Stjernholm, Partner at IK and advisor to the IK 2007 Fund.
