Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners announced on February 22, 2018 that it has entered into an agreement with Accel-KKR to provide debt facilities to support its refinancing of Kerridge Commercial Systems (KCS), the market-leading global provider of software solutions to retail, wholesale, merchant and distribution markets.

KCS provides software to 14,000 customers worldwide, offering end to end ERP solutions including Supply Chain Management, Quote to Cash, Financial Management, CRM, Warehouse Management, Transport Management, Business Intelligence, ePOS and more specifically for the wholesaler, distributor, retailer and merchant sectors.

The business has been supported with Unitranche facilities and committed acquisition lines provided by Guggenheim, details of which are not disclosed.

Commenting on the transaction, Tara Moore, Managing Director at Guggenheim said “KCS is a highly respected leader in its field and is led by a very entrepreneurial management team. We are delighted that Guggenheim is able to provide a financing solution to both Accel-KKR and the Company that supports the ongoing execution of the already successful growth strategy in Europe and the US.”  

Tom Barnds, Managing Director at and founding partner of Accel-KKR added, “Following six strategic acquisitions since our original investment in 2015, our new credit facility with Guggenheim, combined with our existing capital base, will allow KCS to aggressively execute its acquisition strategy to expand its product breadth and geographic reach in the distribution and manufacturing ERP space.”