Accel-KKR LLC signed a letter of intent to acquire K2fly Limited (ASX:K2F) from CSBP Limited, Maptek Pty Limited, Tribeca Investment Partners Pty Ltd. and Regal Partners Limited (ASX:RPL) and others for AUD 36 million on June 20, 2024. A cash consideration valued at AUD 0.19 per share and will be paid by Accel-KKR LLC.

The transaction is subject to approval by regulatory board / committee, approval of offer by target shareholders and subject to court approval. The expected completion of the transaction is October 2024

Argonaut PCF Limited acted as financial advisor for K2fly Limited. Atrico Pty Ltd. acted as financial advisor for K2fly Limited. Steinepreis Paganin acted as legal advisor for K2fly Limited. DLA Piper LLP acted as legal advisor for Accel-KKR LLC. Torch Partners Corporate Finance Inc. acted as financial advisor for Accel-KKR LLC.