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TGS Baltic Advises Accel-KKR on Majority Stake Investment in Aico Group

TGS Baltic Advises Accel-KKR on Majority Stake Investment in Aico Group

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TGS Baltic, working with Hannes Snellman, has advised Accel-KKR on its majority equity investment in the Aico Group.

Accel-KKR is a technology-focused investment firm with USD 19 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses well-positioned for top-line and bottom-line growth.

Aico is an advanced financial close platform for large enterprises claiming to help "companies take control of their hectic closing processes, empower financial teams, and free time for other important activities."

According to TGS Baltic, following the transaction, Accel-KKR will join private equity fund manager and existing investor Juuri Partners as a backer of Aico. "With this investment, Aico will seek to bolster its market expansion across Europe, especially in the DACH region, and continue to develop and strengthen its financial close platform," the law firm reported.

The TGS Baltic team included Partner Andra Rubene and Associates Toms Tidemanis and Evija Abele.

TGS Baltic did not respond to our inquiry on the matter.

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