Apax Partners to Buy Epicor, Activant
Apax Partners will buy Epicor Software Corp., the listed, California-based business software firm, and Activant Solutions, with plans to combine the companies to create a global provider of enterprise applications across a number of industries. The company will become Epicor Software Corp. and will cease trading on Nasdaq. The deal’s value is about $2 billion and Jefferies & Company Inc. and RBC Capital Markets are acting as financial advisors to Apax Partners. Kirkland & Ellis LLP is acting as legal advisor to Apax Partners. It is expected that the acquisitions will close by the end of the second calendar quarter of this year.
4 April 2011•4 mins read
