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Transactions / S••••••

S•••••• Announces Investment from KKR

Platform acquisitionannouncedannounced Apr 2, 2024Fact
What happened
Platform
not an add-on on record
Control
Control
Share acquired
unknown
Industry
technology / saas, technology
Target location
unknown
Seller kind
unknown
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
6 named
Buy side
  • J••••• K••Deal partnerconfirmed
    “We are thrilled to support S•••••• in its mission to utilize industry-leading technology and best-in-class customer service to create a more seamless and reliable experience for patients, health plans, and its distribution partners,” said J••••• K••, Director at KKR.
  • K••Sponsorconfirmed
    April 2, 2024 – S••••••Matrix, Inc. (“S••••••” or the “Company”), a leading software and tech-enabled services platform serving the insurance distribution and health plan markets, announced today that it has been acquired by funds managed by KKR, a leading global investment firm.
Advisory side
  • E•••••••Buy-side adviserconfirmed
    E••••••• and W•••••• B•••• acted as financial advisors to KKR and S•••••• respectively.
  • W•••••• B••••Buy-side adviserconfirmed
    E••••••• and W•••••• B•••• acted as financial advisors to KKR and S•••••• respectively.
Side not stated
  • D•••• G•••Managementconfirmed
    KKR and Stone Point’s support provides us with unique access and guidance, helping us to continue to grow and serve our customers and beneficiaries,” said D•••• G•••, CEO of S••••••.
  • S••••••Targetconfirmed
    S•••••• Announces Investment from KKR
Evidence
S•••••• Announces Investment from KKR