Tuesday, May 6, 2014

Private Equity Firm Puts Epicor Software On Market

Epicor Software, the supply chain management software company whose roots are in Orange County, has been put up for sale by private equity firm Apax Partners, according to reports Tuesday. The WSJ said that Apax Partners, which owns Epicor, is looking to sell Epicor for around $3.5 billion, and has hired investment banking firm Jeffries to handle the sale. Epicor--which is now based in Austin, Texas, but which had been based in Irvine for years--was sold to Apax Partners back in 2011. Epicor still has operations through Southern California, including in Irvine, and San Diego. Apax paid $976M for Epicor back in 2011.