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New Deal


Announced

Completed

KKCG completed the acquisition of Avenga from Oaktree Capital and Cornerstone.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Germany

software engineering

IT engineering

Software

Private Equity

Friendly

Private

Acquisition

Domestic

Majority

Single Bidder

Completed

Synopsis

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KKCG, a European investment and innovation group, completed the acquisition of Avenga, an end-to-end software engineering and consulting platform, from private equity firms Oaktree Capital and Cornerstone. Financial terms were not disclosed. “Avenga bolsters KKCG’s presence internationally and seamlessly complements KKCG’s custom software development company Qinshift, making KKCG Technologies one of Europe’s largest digital transformation architects, catering to a diverse global client base,” Michal Tománek, KKCG Investment Director.

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