Epicor to spinoff Retail Solutions business, pay dividend to shareholders
Epicor Software Corp. said Monday that it has spunoff its Retail Solutions business into a separate, privately-held company backed by Apax Partners. Epicor Software, which makes business software, is an Apax portfolio company. Epicor also announced Monday a proposed debt offering of $2.1 billion. Proceeds will be used to refinance $1.3 billion in outstanding debt, refinance $400 million in notes and pay a dividend to shareholders. Jefferies Group LLC provided financial advice to Epicor.
11 May 2015•4 mins read
