Investment firm CD&R acquiring Epicor

The investment firm Clayton, Dubliner and Rice (CD&R) has acquired Epicor Software Corporation from another investment firm, KKR, in a deal valued at about $4.7 billion.

In a statement issued by all parties involved, the companies said that the transaction represents an important milestone for Epicor, a leading enterprise software vendor delivering cloud-enabled services to more than 20,000 customers globally.

“We welcome this new partnership with CD&R, which shares our vision for growing the company, and I thank KKR for a highly successful partnership these past few years,” said Epicor CEO Steve Murphy. “We are excited to work with CD&R to increase investment in our market-leading product portfolio and to enhance our ability to support an ever-increasing range of customer needs."

CD&R Operating Partner Jeff Hawn will serve as chairman of the Epicor board upon close of the transaction, expected later this year. 

With offices in New York and London, CD&R has managed the investment of more than $30 billion in 93 companies with an aggregate transaction value of more than $140 billion.