Symfonia Secures Buyout Equity Investment from Accel-KKR for Accelerated Growth

July 9, 2023
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Key Takeaways

  • Symfonia, a prominent provider of financial management, payroll, and ERP software solutions in Poland, has secured a growth buyout investment from Accel-KKR.
  • The investment will enable Symfonia to leverage its existing market leadership and brand equity to become a regional leader in CEE.
  • With over 25 years of experience, Symfonia has supported the digital transformation of thousands of Polish SMEs, serving over 50,000 loyal customers.
  • Accel-KKR’s investment marks over 70 investments in Europe and 350+ investments globally, demonstrating their software expertise and global growth experience.

About Symfonia and the Investment

Symfonia is a renowned provider of financial management, payroll, and ERP software solutions for accounting offices and small- and medium-sized enterprises (SMEs) in Poland. The investment from Accel-KKR will enable Symfonia to further enhance its market position and achieve accelerated growth in the CEE region through organic growth plans and strategic mergers and acquisitions (M&A).

Symfonia, which originated as a business unit of Sage Group plc over 25 years ago, has successfully supported the digital transformation of numerous Polish SMEs. With a loyal customer base of over 50,000 SMEs, Symfonia has become a trusted provider of mission-critical business software.

Statements from Symfonia and Accel-KKR

Piotr Ciski, CEO of Symfonia, expressed pride in the accomplishments of the Symfonia team and the company’s market leadership. Ciski emphasized that with the support of Accel-KKR, Symfonia aims to expand its leadership beyond Poland, leveraging the global experience, software domain expertise, and M&A capabilities that Accel-KKR brings to the table.

Maurice Hernandez, Managing Director of Accel-KKR, acknowledged Symfonia’s dynamic presence in the Polish technology market and highlighted the firm’s commitment to supporting Symfonia’s growth as the incoming lead investor. Accel-KKR intends to leverage its software expertise and global growth experience to drive Symfonia’s next phase of expansion.

Adam Malinowski, Principal at Accel-KKR, shared the firm’s confidence in Symfonia’s potential and expressed enthusiasm for supporting Symfonia’s vision of becoming a business software champion for SMEs in the CEE region.

About Accel-KKR

Accel-KKR is a technology-focused investment firm with a cumulative capital commitment of $19 billion. The firm specializes in software and tech-enabled businesses poised for top-line and bottom-line growth. Accel-KKR actively collaborates with management teams, leveraging its extensive resources, to build value and facilitate growth. Their investment approach includes buyout capital, minority-growth investments, and credit alternatives, focusing on middle-market companies across various transaction types.

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