Apax Partners Acquires Epicor Software and Activant Solutions For Over $2 Billion

Posted Apr 7, 2011

Apax Partners is a private equity company that has agreed to acquire Epicor Software and Activant Solutions for $2 billion. Epicor Software and Activant will be combined to form a company called Epicor Software Corporation. The combined company will become one of the largest business software provider companies to focus on the manufacturing sector. The two companies have a combined revenue of $825 million and would have over 300,000 customers. Epicor Software had a market cap of $710.1 million before the announcement. Activant is a private company.

?We are extremely excited to be bringing together two premier enterprise software companies through this innovative transaction to create a global market leader,? stated Jason Wright of Apax Partners. Elliott Associates is one of the largest shareholders in Epicor. Jefferies & Company and RBC Capital Markets were financial advisers for the transaction. Kirkland & Ellis and Simpson Thacher & Bartlett were the legal advisers.