Press Release

Kirkland Represents Accel-KKR in $509 Million Acquisition of SciQuest

Kirkland & Ellis LLP represents Accel-KKR (AKKR), a leading technology-focused private equity firm, which announced today it has entered into a definitive agreement to acquire SciQuest, Inc. (Nasdaq: SQI), the leading public provider of spend management solutions delivering value beyond savings, for $17.75 per share in cash, representing a total equity value of approximately $509 million. AKKR has been a stockholder since 2014. More information on the transaction is available here.

The Kirkland team includes corporate partners Jeffrey Seifman, Douglas Ryder, Shelly Hirschtritt and Dvir Oren.