Epicor Acquired By KKR

Austin-based enterprise software developer Epicor announced today that it has been acquired by private equity investor KKR, from existing private equity Apax Partners. Financial details of the sale were not announced. Epicor--which develops enterprise software used by companies in the manufacturing, distribution, and retail markets--had been looking to sell itself to a new investor since at least June 27th. Epicor was advised by BofA Merrill Lynch and UBS Investment Bank in the deal; KKR was advised by Morgan Stanely & Co. and RBC Capital Markets.