Debevoise & Plimpton is advising New York-based private equity company Clayton, Dubilier & Rice on its acquisition of industry-focused enterprise software vendor Epicor Software Corporation from KKR & Co, the law firm said.
Simpson Thacher & Bartlett said via email that it is advising New York-based KKR and Epicor on the transaction, which is valued at about $4.7 billion.
Epicor provides cloud-deployed enterprise resource planning software to over 20,000 customers worldwide, in industrial end markets including manufacturing, distribution, retail, and services, according to a statement. KKR acquired Epicor from Apax Partners in 2016 for around $3.3 billion.
Epicor CEO Steve Murphy thanked KKR for a “highly successful partnership.” He also said the new owner CD&R shares Epicore’s vision for growing the company.
“We are excited to work with CD&R to increase investment in our market-leading product portfolio and to enhance our ability to support an ever-increasing range of customer needs,” he said.
To contact the correspondent on this story: Rick Mitchell in Paris at rMitchell@correspondent.bloomberglaw.com
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