PE firm Accel-KKR to exit New Zealand tech firm Seequent in $1.05b deal

Photo: REUTERS/Beawiharta

Technology-focused private equity firm Accel-KKR has agreed to exit New Zealand geological and geophysical modeling software developer Seequent in a $1.05 billion deal with Nasdaq-listed infrastructure engineering software maker Bentley Systems Inc.

In an announcement on its website, Accel-KKR said the deal involves $900 million in cash and 3.1 million Class B shares of Bentley, subject to customary conditions and regulatory approvals.

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