"For Sale" sign goes up at Epicor

Yahoo Archive
1
Yikes...  Can't wait to see what kind of turmoil this will bring.
On Tuesday, May 6, 2014 10:08 AM, Vic Drecchio <vic.drecchio@...> wrote:
  
<div id="ygrps-yiv-408627308yiv7692287099ygrp-text">
  
  
  <div class="ygrps-yiv-408627308yiv7692287099WordSection1"><div class="ygrps-yiv-408627308yiv7692287099MsoNormal">This just came across &quot;the wire&quot;……..&nbsp; <a rel="nofollow" shape="rect" target="_blank" href="http://online.wsj.com/news/articles/SB10001424052702303417104579544453004040402">http://online.wsj.com/news/articles/SB10001424052702303417104579544453004040402</a></div><div class="ygrps-yiv-408627308yiv7692287099MsoNormal"> &nbsp;</div><div class="ygrps-yiv-408627308yiv7692287099MsoNormal"> &nbsp;</div><h1 style="vertical-align:baseline;"><span style="">Apax Partners Puts Epicor Software on the Block</span></h1><h2 style="vertical-align:baseline;outline:0px;"><span style="">Deal Could Fetch As Much As $3.5 Billion</span></h2><div class="ygrps-yiv-408627308yiv7692287099MsoNormal" style="vertical-align:baseline;"><span style="font-size:7.5pt;"> &nbsp;</span></div><div class="ygrps-yiv-408627308yiv7692287099MsoNormal" style="vertical-align:baseline;"><span style="font-size:7.5pt;color:#999999;">May 5, 2014 7:53 p.m. ET</span></div><div

style=“vertical-align:baseline;outline:0px;”>Epicor Software Corp., a private-equity owned company that assists other firms with sales and supply-chain management, is on the block and seeking as much as $3.5 billion, said people familiar with the matter.

The company, purchased by London-based buyout firm Apax Partners for around $1.04 billion in 2011, is working with Jefferies Group LLC to seek buyers. Valuations for the company differ, but people around the deal say Epicor could fetch between $2.5 billion to $3.5 billion, including debt.
Epicor, based in Austin, Texas, serves the distribution, manufacturing, retail and services industries world-wide. It posted sales of $978.3 million in 2013 and
carries about $1.3 billion in debt, according to public filings.
After purchasing Epicor, Apax merged it with another rival software-maker, Activant Solutions Inc., which was previously owned by Hellman & Friedman LLC, JMI Equity and Thoma Bravo LLC. In 2012, Epicor paid $155 million to acquire another smaller rival, Solarsoft Business Systems, from Marlin Equity Partners.
In 2012 and 2013, Epicor issued $340 million and $350 million of new debt respectively, to fund dividends to its private-equity owner, according to S&P Capital IQ LCD.
A sale of Epicor would follow private-equity deals involving similar software companies.
Earlier this year, Blackstone Group LP and GIC Private Ltd. paid $750 million for a minority stake in human-resources software company Kronos Inc. in a deal that valued the company at $4.5 billion including debt. And in late 2013, Hellman & Friedman acquired insurance software maker Applied Systems Inc. for $1.8 billion including debt.
 
 

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2

This just came across "the wire"……..  http://online.wsj.com/news/articles/SB10001424052702303417104579544453004040402

 

 

Apax Partners Puts Epicor Software on the Block

Deal Could Fetch As Much As $3.5 Billion

 

May 5, 2014 7:53 p.m. ET

Epicor Software Corp., a private-equity owned company that assists other firms with sales and supply-chain management, is on the block and seeking as much as $3.5 billion, said people familiar with the matter.

The company, purchased by London-based buyout firm Apax Partners for around $1.04 billion in 2011, is working with Jefferies Group LLC to seek buyers. Valuations for the company differ, but people around the deal say Epicor could fetch between $2.5 billion to $3.5 billion, including debt.

Epicor, based in Austin, Texas, serves the distribution, manufacturing, retail and services industries world-wide. It posted sales of $978.3 million in 2013 and carries about $1.3 billion in debt, according to public filings.

After purchasing Epicor, Apax merged it with another rival software-maker, Activant Solutions Inc., which was previously owned by Hellman & Friedman LLC, JMI Equity and Thoma Bravo LLC. In 2012, Epicor paid $155 million to acquire another smaller rival, Solarsoft Business Systems, from Marlin Equity Partners.

In 2012 and 2013, Epicor issued $340 million and $350 million of new debt respectively, to fund dividends to its private-equity owner, according to S&P Capital IQ LCD.

A sale of Epicor would follow private-equity deals involving similar software companies. Earlier this year, Blackstone Group LP and GIC Private Ltd. paid $750 million for a minority stake in human-resources software company Kronos Inc. in a deal that valued the company at $4.5 billion including debt. And in late 2013, Hellman & Friedman acquired insurance software maker Applied Systems Inc. for $1.8 billion including debt.