CVC Acquires Significant Stake in Epicor, Partnering with CD&R
August 13, 2024
Funds managed by CVC have agreed to acquire a significant ownership position in Epicor, joining existing investor Clayton, Dubilier & Rice (CD&R) as equal Board partners. Epicor — an Austin-based, industry-specific SaaS ERP provider — will continue to be led by CEO Steve Murphy as the investors support further SaaS migration, product innovation (including AI/BI capabilities) and international expansion.
- Buyers
- CVC, Clayton, Dubilier & Rice (CD&R)
- Targets
- Epicor
- Industry
- Cloud & SaaS
- Location
- Texas, United States
- Transaction Type
- Growth capital
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