Buyout firm KKR & Co Inc is nearing a deal to acquire information technology services provider Ensono from Charlesbank Capital Partners and M/C Partners for around $1.7 billion, including debt, according to people familiar with the matter.

KKR is making the investment primarily from its Americas XII Fund. The investment adds to KKR’s experience helping to grow leading global technology businesses, including GoDaddy, Internet Brands, Epicor, BMC, Optiv, Calabrio and 1-800 Contacts.

The company has benefited from the accelerating digital transformation during the COVID-19 pandemic, as more corporations seek to move operations virtually and migrate to the cloud. Global IT spending is expected to grow 8.4% to $4 trillion in 2021, according to Gartner.

Read more at Reuters and Private Equity Wire

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