Apax Partners Drop $2 Billion on Acquisition of Epicor, Activant

On Monday, Epicor Software Corporation, a provider of enterprise business software solutions, announced that it has entered into a definitive agreement to be acquired by funds advised by Apax Partners, a private equity firm with a long history of technology investments.

The estimated transaction value is $976 million.

The second part of the acquisition bonanza for Apax Partners was also revealed Monday morning, as Apax similarly announced plans to acquire Activant Solutions, Inc., a leading technology provider of business management software solutions.

Activant is a privately held company controlled by investment funds affiliated with Hellman & Friedman, Thoma Bravo and JMI Equity.

According to the formal announcement heralding the purchases, Apax intends to combine Activant and Epicor to create one of the largest global providers of enterprise applications focused on the manufacturing, distribution, services and retail sectors.

Following completion of the merger, the combined company will be Epicor Software Corporation and will no longer be a publicly traded company.

“We are extremely excited to be bringing together two of the premier enterprise software companies to create a global market leader,” said Jason Wright, a Partner at Apax Partners.