Featured transaction

Sale of Seequent to Accel-KKR

Murray & Co acted as financial advisor on the sale of NZ software company Seequent to US private equity firm Accel-KKR.

Transaction value

Undisclosed

Completion date

Aug 2018

Murray & Co acted as financial advisor on the sale of software company Seequent to Accel-KKR.

Seequent provides geological modelling and 3D visualisation software widely used throughout the mining industry globally as well as in the civil construction and geothermal energy sectors (Leapfrog software). The company has 240 employees and offices in 13 countries.

Based in Menlo Park, Accel-KKR is a leading software private equity investor, with over US$5 billion in capital commitments.

The transaction involved a partial rollover into the acquiring entity by certain of Seequent’s existing shareholders including Pencarrow Private Equity. Pencarrow is a prominent NZ private equity investor and was the largest shareholder in Seequent pre-transaction.

The transaction completed in August 2018.