{"id":3571,"date":"2016-07-08T03:24:40","date_gmt":"2016-07-08T03:24:40","guid":{"rendered":"http:\/\/www.YourChennai.com\/?p=3571"},"modified":"2016-07-08T03:24:40","modified_gmt":"2016-07-08T03:24:40","slug":"epicor-to-be-acquired-by-leading-global-investment-firm-kkr","status":"publish","type":"post","link":"https:\/\/yourchennai.com\/index.php\/2016\/07\/08\/epicor-to-be-acquired-by-leading-global-investment-firm-kkr\/","title":{"rendered":"Epicor to be acquired by leading Global Investment Firm KKR"},"content":{"rendered":"
<\/div>

Acquisition Provides Confirmation of Strong Growth Opportunities for Epicor Given Its Market-Leading Industry Solutions, Global Expansion, and Cloud Readiness<\/span><\/i><\/h3>\n

\"Epicor<\/span>Epicor Software Corporation, a global provider of <\/span>industry-specific enterprise software<\/a><\/span> to promote business growth, announced today that it has entered into a definitive agreement to be acquired by the global investment firm KKR from funds advised by Apax Partners. Financial terms of the transaction were not disclosed.<\/span><\/p>\n

Epicor provides industry-specific solutions to customers in the manufacturing, distribution, and retail sectors. The industry-specific solutions are complemented by a team of industry experts that can provide knowledge of best practices for the industries that Epicor serves. With customers in more than 150 countries, Epicor provides solutions localized for specific markets so that as a company expands geographically, Epicor can help facilitate that growth.<\/span><\/p>\n

\u00e2\u20ac\u0153Our top priority continues to be delivering cloud-ready, market-leading solutions paired with a world-class customer experience,\u00e2\u20ac\u009d said Joe Cowan, president and CEO of Epicor.\u00c2\u00a0 \u00e2\u20ac\u0153KKR shares our vision of providing innovative technology with a clear focus on helping customers grow business, not software. This is an exciting time for Epicor, and I am extremely appreciative of Apax\u00e2\u20ac\u2122s support during the last five years.\u00e2\u20ac\u009d<\/span><\/p>\n

Cowan continued, \u00e2\u20ac\u0153We are eager to work with KKR and believe their capabilities in the technology sector, both domestically and internationally, will enable us to find new ways to create value.\u00e2\u20ac\u009d<\/span><\/p>\n

\u00e2\u20ac\u0153KKR is very pleased to be partnering with Epicor to accelerate its next phase of global growth,\u00e2\u20ac\u009d said Herald Chen, Member of private equity and Head of technology at KKR.\u00c2\u00a0 \u00e2\u20ac\u0153Through a world-class Epicor team, leading cloud-ready technologies and a keen focus on its customers, the company is in tremendous position to build on its long history of success.\u00e2\u20ac\u009d<\/span><\/p>\n

Jason Wright, a partner at Apax Partners, said, \u00e2\u20ac\u0153We are proud of our collaboration with Epicor to build one of the largest global providers of enterprise applications differentiated by a focus on the customer and deep industry expertise. Through its unwavering focus on driving growth for its customers, Epicor, led by President and CEO Joe Cowan, grew organically and also expanded through strategic acquisitions. Our partnership with Epicor exemplifies Apax\u00e2\u20ac\u2122s strategy of helping companies strengthen their leadership positions and accelerate their growth.\u00e2\u20ac\u009d<\/span><\/p>\n

KKR is primarily making the investment from its eleventh Americas Private Equity investment fund. Morgan Stanley & Co. LLC and RBC Capital Markets served as financial advisors to KKR on the transaction. BofA Merrill Lynch and UBS Investment Bank served as financial advisors to Epicor. The transaction is expected to close by the end of August, subject to customary conditions to closing, including regulatory approval.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Acquisition Provides Confirmation of Strong Growth Opportunities for Epicor Given Its Market-Leading Industry Solutions, Global Expansion, and Cloud Readiness Epicor Software Corporation, a global<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,30,95],"tags":[4739,2157,4741,4736,4737,4738,4740,211],"class_list":["post-3571","post","type-post","status-publish","format-standard","hentry","category-business-companies-economy","category-news-business-political-national-realestate","category-technology-mobiles-startup","tag-apax-partners","tag-business-growth","tag-distribution","tag-epicor-software-corporation","tag-industry-specific-enterprise-software-provider","tag-kkr","tag-manufacturing","tag-retail"],"views":1609,"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/3571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/comments?post=3571"}],"version-history":[{"count":1,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/3571\/revisions"}],"predecessor-version":[{"id":3573,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/3571\/revisions\/3573"}],"wp:attachment":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/media?parent=3571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/categories?post=3571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/tags?post=3571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}