Announced
Completed
Financials
Tags
Germany
software engineering
IT engineering
Software
Private Equity
Friendly
Private
Acquisition
Domestic
Majority
Single Bidder
Completed
Synopsis
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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