Fenwick & West LLP represented Accel-KKR, a technology-focused private equity firm with over $2.3 billion in assets under management, in leading its recently announced growth equity investment in Ektron, a content management and web experience management software provider. In addition, Greg Williams, Managing Director and David Cusimano, Vice President of Accel-KKR will join the Ektron board of directors. Terms of the deal were not disclosed.
This is Ektron’s first institutional round and will enable the company to accelerate product and company expansion as enterprise demand for its content management, marketing and web experience management software offerings continue to grow. More information about Accel-KKR’s growth investment in Ektron can be obtained from the company press release.
The Fenwick transaction team was led by corporate partner and chair of the Private Equity Practice Scott Joachim; corporate associates Malcom Katz; Marshall Mort, and Patrick Grilli; technology transactions partner Stephen Gillespie; technology transactions associates Chistopher Joslyn and David Kiferbaum; executive compensation and employee benefits partner Shawn Lampron; and tax associate Will Skinner.