Exclusive-CD&R explores sale of a stake in software maker Epicor, sources say

Quick Summary:

LONDON/NEW YORK : Private equity firm Clayton, Dubilier & Rice is exploring options including the sale of a stake in Epicor Software, which counts Formula One racing team RB among customers for its business software, according to people familiar with the matter.

CD&R and Barclays declined to comment, while Epicor did not immediately respond to a request for comment.

In 2020, CD&R acquired Epicor from KKR for $4.7 billion.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Including Sources Customers Billion Epicor Software Deal Firm Buyout Taken

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 21:04:09 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 359 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21677136

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