Unimarket sells majority stake to US private equity firm

Unimarket chief executive Peter Kane. (Image: supplied)

Mon, 02 Aug 2021

Unimarket, the procurement software company, has sold approximately 75% of itself to Accel-KKR (AKKR), the US private equity firm.Unimarket chief executive Peter Kane told BusinessDesk today the deal had been mooted for some time, with six monthly conversations with AKKR happening for the last four years.“It allows some of those early shareholders who've been in for quite a long time now to have an exit, and for other shareholders to take some money off the table, but also have a stake in the go forward situation with the company,&rdq...

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