- KKR (KKR -0.2%) is considering a sale of Epicor Software that could value the U.S. enterprise resource planning software provider at almost $5B, including debt, Reuters reports, citing people familiar with the matter.
- Epicor is likely to attract interest from other buyout firms, as businesses like Epicor that produce recurring revenue through business software sales have been popular targets for private equity firms.
- Though no deal is certain, KKR is working with an investment bank on an auction for Epicor, which has 12-month EBITDA of ~$350M, according to one of the sources.
- KKR acquired Epicor from Apex Partners in 2016 for $3.3B, including debt.