KKR has announced that a fund managed by KKR has agreed to acquire a majority stake in Agiloft.

As part of the transaction, FTV Capital, a sector-focused growth equity firm and current investor in Agiloft will increase its investment in the company. JMI Equity, a growth equity firm specializing in leading software companies, will also join as a new investor. This investment will enable Agiloft to continue expanding its market share, attract new customers, innovate its product solutions, and maintain its high standard of customer success. Additionally, KKR, JMI Equity, and FTV Capital will support Agiloft in launching a comprehensive employee ownership program, giving all employees the chance to benefit from company ownership. KKR is making the investment through its Next Generation Technology III Fund. Agiloft is now part of KKR’s global technology and software investment portfolio, which includes OneStream, o9, OutSystems, ReliaQuest (another FTV Capital portfolio company), RainFocus, and Restaurant365.

Moelis & Company LLC acted as the exclusive financial advisor to Agiloft, while Baker McKenzie served as legal advisor to Agiloft and Gibson, Dunn & Crutcher LLP served as legal advisor to KKR.