Apax to acquire Epicor and Activant

Irvine, Calif. -- Private-equity firm Apax Partners will acquire California-based ERP software range developer, Epicor Software and Activant Solutions, a provider of business management software solutions. Apax will pay a total of $2 billion for the acquisitions and combine the two companies.

Apax says it intends to combine Activant and Epicor to create “one of the largest global providers of enterprise applications focused on the manufacturing, distribution, services and retail sectors” with over 30,000 customers and $825 million in annual revenues.

The acquisitions are expected to close by the end of the second calendar quarter of this year.

As a part of the deal, Apax will buy all of the outstanding shares of Epicor for $12.50 per share in cash. The deal is expected to close in second quarter. Moelis & Co. is financial advisor to Epicor, while Jefferies and RBC Capital Markets are financial advisors to the buyer.

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