Monday, December 17, 2007
Epicor Buys NSB Retail Systems
Irvine-based Epicor Software said Sunday that it has acquired NSB Retail Systems PLC, a provider of software for the retail market, in a deal worth $322M. Epicor said it will purchase NSB Retail, to create a larger, stronger, and more profitable company. NSB is publicly held on the London Stock Exchange. The deal is being funded by $100M in a revolving loan facility, $100M in a term loan, and $155M which the firm has existing in cash. USB Investment Bank is advising Epicor in the deal; Close Brothers Corporate Finance is advising NSB.