K2fly acquired by Accel-KKR

K2fly has been delisted from the Australian Securities Exchange (ASX) after global technology-focused investment firm Accel-KKR completed its $38 million acquisition via a scheme of arrangement.

Through its platform-based Software as a Service (SaaS) cloud solutions, K2fly provides enterprise-level resource governance solutions in environmental, social and governance (ESG) compliance, disclosure, and technical assurance, to operators in mining and asset intensive industries.

Accel-KKR, which has US$19 billion in committed capital across buyout, growth capital, and credit funds, signed a letter of intent to acquire K2fly from CSBP, Maptek, Tribeca Investment Partners, Regal Partners, and others, on 20 June 2024.

K2fly engaged BDO’s deal advisory team to support on the transaction with vendor due diligence, led by Deal Advisory Partner, Byron Watson.