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Epicor provides industry-specific solutions to customers in the manufacturing, distribution, and retail sectors. The industry-specific solutions are complemented by a team of industry experts that can provide knowledge of best practices for the industries that Epicor serves. With customers in more than countries, Epicor provides solutions localized for specific markets so that as a company expands geographically, Epicor can help facilitate that growth. This is an exciting time for Epicor, and I am extremely appreciative of Apax's support during the last five years.
Through its unwavering focus on driving growth for its customers, Epicor, led by President and CEO Joe Cowan, grew organically and also expanded through strategic acquisitions. Our partnership with Epicor exemplifies Apax's strategy of helping companies strengthen their leadership positions and accelerate their growth.
The transaction is expected to close by the end of August, subject to customary conditions to closing, including regulatory approval. About KKR KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR invests its own capital alongside its partners' capital and brings opportunities to others through its capital markets business.
References to KKR's investments may include the activities of its sponsored funds. These funds provide long-term equity financing to build and strengthen world-class companies. Apax's deep sector expertise and global resources have helped accelerate organic and inorganic growth within its software portfolio and have enabled geographic expansion.
For further information about Apax Partners, please visit www. We provide flexible, industry-specific software designed around the needs of our manufacturing, distribution, retail, and service industry customers. Activant is a recognized leader in providing comprehensive Enterprise Resource Planning "ERP" and Point-of-Sale software to the distribution and retail markets predominately in North America.
It is expected that the acquisitions will close by the end of the second calendar quarter of this year. Apax Partners is one of the world's leading private equity investment groups.
It operates across the United States, Europe and Asia and has more than 30 years of investing experience. These Funds provide long-term equity financing to build and strengthen world-class companies. For more information visit: www. Epicor Software is a global leader delivering business software solutions to the manufacturing, distribution, retail, hospitality and services industries. With 20, customers in over countries, Epicor provides integrated enterprise resource planning ERP , customer relationship management CRM , supply chain management SCM , human capital management HCM and enterprise retail software solutions that enable companies to drive increased efficiency and improve profitability.
Founded in , Epicor takes pride in more than 25 years of technology innovation delivering business solutions that provide the scalability and flexibility businesses need to build competitive advantage. Epicor provides a comprehensive range of services with a single point of accountability that promotes rapid return on investment and low total cost of ownership, whether operating business on a local, regional or global scale.
The Company's worldwide headquarters are located in Irvine, California with offices and affiliates around the world. For more information, visit www. Activant Solutions Inc.
Apr 4, †∑ Apax is providing % of the equity financing for the acquisition of Epicor. Elliott Associates, which owns approximately % of Epicorís outstanding shares, has already . May 17, †∑ Effective immediately, the combined company will be called Epicor Software. The new Epicor has more than 33, customers in over countries and over $ million in . Apr 11, †∑ Epicor Software is a global provider of industry-specific enterprise software to industrial-focused sectors. Epicor serves as a trusted partner for thousands of companies .