Guggenheim Investments entered into an agreement with Accel-KKR to provide debt facilities to support its refinancing of Kerridge Commercial Systems (KCS), a provider of software solutions to retail, wholesale, merchant and distribution markets.
KCS provides software to 14,000 wholesaler, distributor, retailer and merchant sector customers worldwide, and offers end-to-end ERP solutions, including supply chain management, quote to cash, financial management, CRM, warehouse management, transport management, business intelligence and ePOS .
The business has been supported with unitranche facilities and committed acquisition lines provided by Guggenheim, details of which were not disclosed.
Commenting on the transaction, Tara Moore, managing director at Guggenheim, said, “KCS is a highly respected leader in its field and is led by a very entrepreneurial management team. We are delighted that Guggenheim is able to provide a financing solution to both Accel-KKR and KCS that supports the ongoing execution of the already successful growth strategy in Europe and the U.S.”