Accel-KKR closes Jaggaer sale to Cinven

Accel-KKR said Aug. 15 that it completed the sale of Jaggaer to Cinven. Financial terms weren’t announced. Cinven has a controlling stake in Jaggaer, while Accel-KKR has retained a minority. Jaggaer, of Research Triangle Park, North Carolina, provides procurement software for large and medium-sized businesses. The sale was announced in July.

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