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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
Since CD&R\u2019s 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.<\/p>\n\n\n\n
Jeff Hawn, Epicor Chairman and CD&R Partner, expressed confidence in the continued growth and value creation with CVC\u2019s involvement. Aaron Dupuis and Sebastian K\u00fcnne from CVC emphasized their commitment to furthering Epicor\u2019s SaaS migration and international expansion.<\/p>\n\n\n\n
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.<\/p>\n","protected":false},"excerpt":{"rendered":"
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