KKR & Co. Inc., the New York-based multinational investment conglomerate engaged in alternative assets, energy, infrastructure and a many more, had been looking to a sell-off of its Texas-based subsidy Epicor Software Corp., which might value the US-based buyout firm’s planning software provider roughly $5 billion including debts, at least four people familiar with subject-matter had unveiled on Thursday, the 22nd of August 2019.
In point of fact, the Austin, Texas-based Epicor, which used to generate revenue by selling business software, would likely to be a lucrative target for other private equity firms, said one of the sources. On top of that, according to another source, the NY-based buyout firm had already hired an investment bank to set the stages of an auction of its tech subsidy, Epicor, nonetheless, the source had also added that KKR had yet to decide a potential buyer for its business software firm.
Further inside the bid, after being acquired by Apax back in 2011, Epicor went private and merged with Apax’s newly acquired tech peer, Activant Solutionns Inc. at a $2 billion buyout deal, however, KKR took over Epicor from Apax Partners in 2016 at an all-cash bid of $3.3 billion including debt.
Besides, a number of tech-focused equity firms likes of Thoma Bravo LLC and Vista Equity Partners Management LLC would be tempted to acquire Epicor, said one of the four sources directly briefed about the issue on condition of anonymity on Thursday (August 22nd).