Accel-KKR Credit Partners, a joint venture between two of America’s foremost investment companies, has emerged as a funder of the Irish software business MyComplianceOffice (MCO).
Companies Office documents show that Silicon Valley-based Accel-KKR provided debt funding to the enterprise late last month.
Accel-KKR invests debt and equity in fast-growing tech companies. Accel is one of Silicon Valley’s best known venture capital outfits, while KKR is a leading leveraged buyout firm. It has $10bn (€8.2bn) worth of assets under management.
MCO is headed by Brian Fahey, an Irishman who spent 16 years working for large investment companies in America. He returned to Ireland to become chief operating officer of TerraNua, a wholly owned Irish subsidiary of Fidelity Investments. TerraNua developed MCO as an independent unit within