Five Arrows, the alternative assets arm of Rothschild, has made a significant investment to support the continued growth of KEV Group, a North American provider of school activity fee management software solutions for K-12 schools.
“Today’s announcement is an incredible validation of our strategic plan, remarkable team and KEV’s school activity fund management software. I’m deeply proud of what we’ve built and the positive impact we’ve had at K-12 schools across the United States and Canada with our solutions,” Bram Belzberg, chairman and CEO of KEV Group, said. “This investment marks a significant new milestone in our journey,” continued Belzberg. “It allows us to leverage the expertise of Five Arrows as we continue to support K-12 school districts in transforming how they mitigate financial risks, realize staff and process efficiencies, and deliver a first-rate payment experience to their parents, guardians and community members.”
“Bram and his team at KEV Group impressed us with their commercial achievements in expanding the business, the quality of their technology, as well as their ambitious, school-centric vision for the future,” Nicolas Robin and William Heldfond, partner and managing director, respectively, at Five Arrows, said. “KEV Group has demonstrated an impressive track record of customer feedback, sustained rapid growth and operational excellence, and we’re excited to provide an investment to support the business in its next chapter.”
Northleaf Capital Partners and Partners Group served as lead arrangers on a senior secured credit facility for KEV Group to support the investment from Five Arrows. The financial terms of the investment were not disclosed.
William Blair served as the exclusive financial advisor to KEV Group, with Torys acting as legal advisor. Baird served as the financial advisor for Five Arrows. Paul, Weiss, Rifkind, Wharton & Garrison and Goodmans served as mergers and acquisitions counsel for Five Arrows, and Paul Hastings provided targeted payments legal counsel.
