News Formal

Epicor eyeing bigger M&A deals under Clayton Dubilier & Rice ownership - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The CEO of Epicor says the enterprise-software maker is planning a bigger M&A push once it changes hands to new private-equity owner Clayton Dubilier & Rice in a $4.7 billion deal

The largest enterprise-software deal of the year was just inked and the CEO of the acquiree told Business Insider it would take an "aggressive" approach M&A under its new private-equity owners.

Clayton Dubilier & Rice agreed to buy Epicor for $4.7 billion from KKR, which had owned the software company for four years and expanded its business through acquisitions and new product launches. The CEO of Epicor, which is set to become the largest-enterprise software company to be acquired in 2020, says that it could look to step up acquisitions under its new private-equity owners.

Its new owner, should the $4.7 billion acquisition close later this year, would also introduce Epicor to its portfolio companies, several of which are already existing Epicor customers, Murphy said. Big private-equity firms are piling into tech deals. Top execs at Carlyle, KKR, and Warburg Pincus laid out how they're angling for an edge.

But sometimes the industry overlap between a company and its private equity owner isn't material enough to generate significant sales. Software companies are popular investments for private-equity firms because they rely on the stable, recurring revenues that come from subscription renewals. Their growth strategy is also relatively straightforward, with upgrades to existing software and acquisitions of complementary products.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside McDonald's Black franchisees' quest for equality - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Media outlets lean either to the right or to the left in the US, but never has the US look so fragile and divided, why
Source: BusinessInsider - 🏆 729. / 51 Read more »

New Tesla video shows Model 3 cars being made inside its China factory - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Love TESLA !!!
Source: BusinessInsider - 🏆 729. / 51 Read more »

25-year-old sells high-school startup Luminar in a $3.4 billion deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

25-year-old sells high-school startup Luminar in a $3.4 billion deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Shark Tank lessons every business owner needs to know - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »