Kirkland & Ellis Reps Apax In $2B Epicor, Activant Deal

Law360, New York (April 4, 2011, 7:56 PM EDT) -- Business software providers Epicor Software Corp. and Activant Solutions Inc. agreed on Monday to buyouts from funds affiliated with private equity firm Apax Partners LP in a combined transaction valued at about $2 billion.

London-based Apax will pay $12.50 per share in cash for shares of Epicor, an 11.2 percent premium over Friday's closing stock price, an 18.9 percent premium over the average closing price for the previous month and a 34.4 percent premium over the average closing share price for the previous year, according to...
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