Global investment firm KKR has signed a definitive agreement to acquire Ensono, a hybrid IT services provider, from Charlesbank Capital Partners and M/C Partners. The new investment follows the recently completed acquisition of Amido, a UK-based cloud native consultancy. Ensono provides a comprehensive suite of services that aims to help enterprises manage, optimize and modernize their IT systems across mainframe, cloud and hybrid infrastructure.
“As we embark on our next chapter with KKR, Ensono will continue to provide clients with transformational solutions that help them operate for today and optimize for tomorrow,” said Jeff VonDeylen, CEO of Ensono. “Our initial investors played an important role in helping us establish our business and brand and funding our growth. With the support of KKR, we will continue to grow and invest in our future as we drive innovation to meet the changing needs of our clients. We are fortunate to be in an industry where the need for our services has not only grown but diversified into exciting new areas of potential growth.”
“Digital transformation across industries is driving an increased need for comprehensive service providers to help simplify IT infrastructure management for enterprise clients,” said Webster Chua, partner at KKR. “Ensono is a proven leader in delivering hybrid solutions for clients with complex IT environments, and we are thrilled to support the Ensono team on its next phase of growth and development.”
“We are proud that our investment enabled Jeff and his outstanding management team to achieve their ambitious vision of establishing Ensono as a global leader in hybrid IT,” added Michael Choe, managing director and CEO of Charlesbank Capital Partners, and Gillis Cashman, managing partner of M/C Partners, in a joint statement. “We are thrilled about Ensono’s new investment from KKR and look forward to seeing its success continue as the company adds to its portfolio of innovative service options.”
KKR is making the investment primarily from its Americas XII Fund. The investment adds to KKR’s experience helping to grow leading global technology businesses, including GoDaddy, Internet Brands, Epicor, BMC, Optiv, Calabrio and 1-800 Contacts.
UBS Investment Bank and Guggenheim Securities LLC are serving as financial advisors to Ensono. Morgan Stanley & Co, LLC and RBC Capital Markets LLC are serving as financial advisors to KKR. Goodwin Procter LLP is providing legal counsel to Ensono and Simpson Thacher & Bartlett LLP is serving as KKR’s legal counsel.