DLA Piper Martínez Beltrán and Gómez-Pinzón Zuleta Abogados advised on the deal
Siigo, the leading provider of Accounting and Administrative Software for small and medium-sized companies in Colombia, announced today that it has secured a substantial investment from Accel-KKR, a leading Silicon Valley technology focused investment firm.
The investment from Accel-KKR combined with expertise will allow Siigo to accelerate product innovation and further its leadership position in Colombia. It will also provide opportunity to expand operations to the Andean and Central American Regions
Siigo is the leading accounting and administrative software solution in Colombia. The Company serves over 100,000 clients and more than 15,000 accountants. Their solutions include accounting, payroll, invoicing, inventory management and as well manages the finance, accounting and administrative aspects of small and mi-sized businesses.
Accel-KKR is a technology-focused investment firm with $4.3 billion in capital commitments. The firm focuses on software and IT-enabled businesses well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel- KKR also invest across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR is headquartered in Menlo Park with additional offices in Atlanta and London.
DLA Piper Martínez Beltrán advised Accel-KKR with Camilo Martínez Beltrán (Picture), Andrés Afanador Pérez and Natalia Becerra Torres.
Gómez-Pinzón Zuleta Abogados advised SIIGO S.A. with Lina Uribe García, María Fernanda Restrepo and Álvaro Rueda Cotes.
Involved fees earner: Camilo Martinez Beltran – DLA Piper Martínez Beltrán; Andrés Afanador – DLA Piper Martínez Beltrán; Natalia Becerra Torres – DLA Piper Martínez Beltrán; Lina Uribe-García – Gómez-Pinzón Zuleta Abogados; María Fernanda Restrepo Centeno – Gómez-Pinzón Zuleta Abogados; Alvaro Rueda Cotes – Gómez-Pinzón Zuleta Abogados;