Infor racks up $2 bln from KED

Infor, a builder of business software for specific industries in the cloud, has secured $2 billion in funding. Koch Equity Development LLC, the investment arm of Koch Industries, is the investor. Infor's current backers Golden Gate Capital, Summit Partners and the company management will maintain control. Morgan Stanley and Bank of America Merrill Lynch are serving as lead financial advisers to Infor with Credit Suisse also providing advice. Rothschild is acting as financial adviser to KED on the transaction.

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