Private Equity Firm Accel-KKR’s Latest Fix: Hotel Enterprise Software
Buyout firm Accel-KKR is rolling up hotel technology vendors. It needs to find bargains, given the high valuations for the bigger businesses it more typically buys. So it's looking to build scale with mid-market companies showing revenues of between $5 million and $200 million. Mid-market firms often sell for lower prices relative to their earnings.
Here's a timeline of Accel-KKR's hotel tech deals. We follow that with our best guesses on who the equity firm might invest in next while analyzing the firm's latest deal, too.