CVC Partners with CD&R in Epicor Investment

CVC Capital Partners has joined forces with Clayton, Dubilier & Rice (CD&R) as an investment partner in Epicor, a leading global provider of enterprise software. This strategic move marks a significant development in Epicor’s growth trajectory. Financial details of the private transaction were not disclosed.

Epicor, founded in 1972 and headquartered in Austin, Texas, is renowned for its multi-vertical Enterprise Resource Planning (ERP) software tailored for various industrial sectors. The company supports complex workflows across manufacturing, distribution, retail, and services, serving approximately 23,000 customers in over 150 countries.

Since CD&R’s initial investment in 2020, Epicor has achieved notable milestones, including surpassing $1 billion in annual recurring revenue (ARR) and a successful SaaS transformation. The company’s recent innovations include the Epicor Grow portfolio, featuring AI and Business Intelligence capabilities designed for the “Make, Move, and Sell” economy.

Jeff Hawn, Epicor Chairman and CD&R Partner, expressed confidence in the continued growth and value creation with CVC’s involvement. Aaron Dupuis and Sebastian Künne from CVC emphasized their commitment to furthering Epicor’s SaaS migration and international expansion.

Barclays, Goldman Sachs & Co. LLC, and Debevoise & Plimpton are advising CD&R and Epicor, while Jefferies LLC, Evercore, and White & Case are advising CVC. The transaction, expected to close in Q4 2024, will be executed through CVC Capital Partners IX.