Apax Partners will acquire California-based ERP software range developer, Epicor Software and privately held Activant Solutions. The private equity firm will pay a total of $2 billion for the acquisitions and combine the two companies.
As a part of the deal, Apax will buy all of the outstanding shares of Epicor for $12.50 per share in cash. The deal is expected to close in second quarter. Moelis & Company is financial advisor to Epicor, while Jefferies and RBC Capital Markets are financial advisors to the buyer.
Click here for the release from Epicor.