Koch Industries Buys the Rest of Software Maker Infor (1)

The private investment arm of Koch Industries Inc., run by billionaire Charles Koch, has acquired the remaining equity in cloud-software maker Infor Inc., the companies said.

The deal values Infor at $11 billion, or nearly $13 billion including preferred shares, according to people familiar with the matter who asked not to be identified discussing private information.

Koch Industries, the Wichita, Kansas-based conglomerate, already owned about 70% of Infor, the company said. Its subsidiary Koch Equity Development LLC purchased the remaining Infor equity it didn’t already own from Golden Gate Capital.

Infor, which Wall Street has viewed as a candidate for an upcoming initial public offering, will become a Koch ...