KKR, a leading global investment firm, and Ensono, a leading hybrid IT services provider, today announced the closing of the previously announced acquisition of Ensono by KKR. Ensono provides a comprehensive suite of services that help enterprises manage, optimize and modernize their IT systems across mainframe, cloud and hybrid infrastructure.
“Joining the KKR family strengthens our position as a leading managed service provider and enables us to grow and drive innovation to meet the changing needs of our clients,” said Jeff VonDeylen, CEO of Ensono. “We have a great partner in KKR who shares our values, our vision, and is committed to our success.”
“Ensono is a true leader in digital transformation and creating innovative solutions that meet clients’ business needs,” said Webster Chua, Partner at KKR. “We are excited to begin working with the Ensono team as they double down on their hybrid solutions strategy and look to enter a new chapter of accelerated growth.”
Charlesbank Capital Partners and M/C Partners acquired Ensono in 2015 and, in partnership with management, have scaled the business, expanding the Company’s customer base and services significantly. KKR is making the investment primarily from its Americas XII Fund.
UBS Investment Bank and Guggenheim Securities, LLC served as financial advisors to Ensono. Morgan Stanley & Co LLC and RBC Capital Markets, LLC served as financial advisors to KKR. Goodwin Procter LLP provided legal counsel to Ensono and Simpson Thacher & Bartlett LLP served as KKR’s legal counsel. Jamieson Corporate Finance and Arnold & Porter advised Ensono management on the transaction.