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KKR explores sale of Epicor Software

Aug. 22, 2019 3:13 PM ETKKR & Co. Inc. (KKR) StockKKRBy: Liz Kiesche, SA News Editor1 Comment
  • 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.

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