The buyout bid of Epicor Software, the American provider of ERP software for midsize manufacturers and distributors, is being led by a London-based private equity firm CVC Capital Partners.
According to a Reuters story last month, CVC Capital Partners bid of $3 billion was the highest bid to date. Epicor, which is currently owned by another London-based private equity firm, Apax Partners, put itself up for sale earlier this year.
Apax bought Epicor and another ERP software vendor, Activant Solutions (formerly Triad Systems) in 2011 and then merged them under the name Epicor Software. The combined entity had about 30,000 customers and $825 million in revenues at the time, Apax said.
Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, London, London Private Equity, Epicor Software, ERP Software, CVC Capital Partners, Apax Partners, Activant Solutions, Triad Systems.