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Sale follows successful build-up of Fotolia into vibrant global content marketplace
Founded in 2004 by Oleg Tscheltzoff, Fotolia is a large global marketplace for royalty-free images, graphics and HD Videos. With more than 34 million digital images and videos, Fotolia operates one of the world's most liquid content marketplaces and builds an essential link between the global photographer community and creative users of images.
Oleg Tscheltzoff, co-Founder and CEO of Fotolia, said: "Just three years ago, I was saying how proud I was to have an investment firm like KKR join Fotolia as lead investor. After two-and-a-half years of rapid international expansion, optimisation of our technology platform and hiring the best specialist talent, Adobe will now become a fantastic new home for our team. Working with KKR has just been outstanding. We found a nimble partner in KKR that immediately understood our technology and product vision and supported our global expansion with capital, operational resources and access to an amazing global network -- exactly what one wants as an entrepreneur."
KKR has comprehensive experience in technology and digital media. The
firm's most recent investments in this area include GoDaddy,
The transaction, which is subject to regulatory approval and other customary closing conditions, is scheduled to close in the first quarter of 2015.
KKR was represented by
Europe's leading microstock photo provider, Fotolia offers over 34
million royalty-free images, vector illustrations and HD videos.
Established in 2004, Fotolia strives to make high-quality, professional
images accessible to everybody, starting at less than
KKR is a leading global investment firm that manages investments across
multiple asset classes including private equity, energy, infrastructure,
real estate, credit and hedge funds. KKR aims to generate attractive
investment returns by following a patient and disciplined investment
approach, employing world-class people, and driving growth and value
creation at the asset level. KKR invests its own capital alongside its
partners' capital and brings opportunities to others through its capital
markets business. References to KKR's investments may include the
activities of its sponsored funds. For additional information about
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