CVC & CD&R finalise investment in Epicor software firm

CVC and Clayton, Dubilier & Rice (CD&R) have successfully concluded their investment in Epicor, a provider of industry-specific enterprise software.

The announcement follows a definitive agreement from August 2024, where CD&R decided to sell a significant ownership stake in Epicor to funds managed by CVC. This transaction, which has now received the necessary approvals, did not disclose the financial terms involved.

With the investment complete, CVC and CD&R will both have governance responsibilities on Epicor's Board. This shared governance comes as Epicor aims to bolster its offerings and expand its market reach.

Steve Murphy, Epicor CEO, commented on the development, "We look forward to working with CVC and CD&R as we continue to invest in our people, portfolio and AI-powered cognitive ERP capabilities to enhance the value we bring to our customers and communities. This strategic partnership will enable us to accelerate our growth into new markets, continue to develop new cloud-ready products and support our focus in delivering for the Make, Move and Sell industries worldwide. We believe CD&R and CVC's combined operating expertise in the technology and software space will be a key driver of innovation and expansion of our business."

Barclays acted as the lead financial advisor in the transaction, while Goldman Sachs & Co. LLC also provided financial advisory services. Debevoise & Plimpton offered legal advice to CD&R and Epicor. On the side of CVC, Jefferies LLC and Evercore served as financial advisors, with White & Case as their legal advisor.

CVC is a global private equity firm with a proven track record of providing growth capital and strategic guidance across various industries. The firm focuses on driving long-term value and fostering innovation within its portfolio companies, helping them expand market opportunities and achieve sustained business growth. This expertise is especially evident in CVC's investments in technology and software companies, which actively support digital transformation and operational excellence.

Similarly, Clayton, Dubilier & Rice (CD&R) is a private equity firm with deep experience in enhancing operational performance and accelerating investment growth. CD&R excels at leveraging its industry knowledge to optimise the potential of its portfolio companies, particularly within the technology and software sectors. By applying operational insights and strategic direction, CD&R helps businesses scale and achieve competitive advantages in fast-moving markets.

Epicor, a prominent provider of industry-specific enterprise resource planning (ERP) software, specialises in delivering AI-powered, cloud-based solutions to sectors such as manufacturing, retail, and services. Focusing on enhancing operational efficiency and enabling digital transformation, Epicor supports businesses in optimising their workflows and staying ahead in a rapidly evolving landscape.

The combined strategic investment by CVC and CD&R in Epicor will accelerate its growth trajectory, broaden its market presence, and expand its product portfolio. With their operational expertise and deep industry insights, both firms are poised to drive innovation and enhance the value Epicor delivers to its global customer base, reinforcing its leadership in the ERP software market.