Epicor Software Corp. has agreed to be acquired by global investment firm KKR. Epicor is currently owned by Apax Partners.
Financial terms of the transaction were not disclosed.
Epicor provides industry-specific solutions to customers in the manufacturing, distribution and retail sectors. Apax bought the company for about $1 billion in 2011 and later merged it with rival Activant Solutions Inc.
Apax first sought to sell Epicor in 2014 but ultimately chose not to sell, turning down offers it deemed too low from bidders including CVC Capital Partners, The Wall Street Journal reported at the time. Some bids were around $3 billion including debt, the Journal reported.
