Accel-KKR has completed a majority equity investment in Mercur Solutions, leading to a merger with Aico to create a comprehensive financial performance management platform for mid-sized and large enterprises.

Target Information

Accel-KKR, a global technology-focused investment firm, has successfully completed a majority equity investment in Mercur Solutions, a prominent provider of performance management solutions for mid-sized and large enterprises. This move marks a significant milestone as Mercur embarks on a merger with Aico, a financial close software platform tailored for mid-market and large enterprises. The collaborative effort aims to fuse the exceptional offerings of both companies, creating a comprehensive platform strategically designed to serve the Office of the CFO.

Mercur Solutions specializes in Corporate Performance Management (CPM) solutions, empowering finance teams with tools to budget, forecast, report, and analyze financial data efficiently. By merging Mercur’s sophisticated CPM capabilities with Aico’s robust financial close platform, the new entity seeks to enhance financial operations, ensuring improved accuracy, greater visibility, and streamlined decision-making for CFOs and their teams.

Industry Overview in Sweden

The financial management software sector in Sweden has witnessed notable growth, driven by a surge in digital transformation initiatives across businesses. The demand for integrated financial software solutions, which enable companies to manage their f