Silver Lake’s Investment in Exact

Simpson Thacher represented Silver Lake in the transaction, while Paul, Weiss represented KKR.

Silver Lake executed its minority investment in Exact, a leading provider of business and accounting software in the Benelux region, forming a partnership with Exact’s existing majority owner, KKR.

Founded in 1984 and headquartered in Delft, the Netherlands, Exact’s innovative software solutions help more than 9,900 accountants manage the finances of small and mid-size enterprises and provide over 550,000 small businesses with high value-add solutions in the cloud. The transaction is anticipated to close in the third quarter of 2021, subject to customary conditions and regulatory approvals.

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds.

The Simpson Thacher team included James R. Howe (Picture), Chris Vallance and Alan Davies (Corporate); Jennifer J. Levitt and Mimi C. Cheng (Credit); Andrew B. Purcell, Abigail Hopper and Scott Grundei (Tax); and Étienne Renaudeau and Pauline Patat (Antitrust).

The Paul, Weiss team included corporate partners Alvaro Membrillera and Adam Wollstein.

Involved fees earner: Alvaro Membrillera – Paul Weiss Rifkind Wharton & Garrison; Adam Wollstein – Paul Weiss Rifkind Wharton & Garrison; Mimi Cheng – Simpson Thacher & Bartlett; Alan Davies – Simpson Thacher & Bartlett; Scott Grundei – Simpson Thacher & Bartlett; Abigail Hopper – Simpson Thacher & Bartlett; James Howe – Simpson Thacher & Bartlett; Jennifer Levitt – Simpson Thacher & Bartlett; Pauline Patat – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Étienne Renaudeau – Simpson Thacher & Bartlett; Christopher Vallance – Simpson Thacher & Bartlett;

Law Firms: Paul Weiss Rifkind Wharton & Garrison; Simpson Thacher & Bartlett;

Clients: KKR; Silver Lake;

Author: Federica Tiefenthaler