Infor has reached a definitive agreement in which Koch Equity Development LLC has agreed to make an investment of more than $2 billion in the company. The investment will provide Infor access to additional growth capital to accelerate innovation, expand distribution, and continue disrupting the enterprise applications industry.
“Koch is one of the largest private companies in the world with diversified holdings and immense resources to support the next exciting phase of growth at Infor and we are thrilled to have their support,” said Charles Phillips, CEO of Infor. “Some of the largest companies in the world have approached Infor looking for a modern alternative to the legacy options available for mission critical business applications. Infor has the scale and capital to provide a digital platform for the Global 5000.”
“Infor’s demonstrated capability to help companies across a wide spectrum of industries automate and improve efficiency is relevant to our broad portfolio of invested companies and we look forward to exploring co-innovation opportunities,” said Brett Watson, Senior Managing Director of KED.
Infor’s existing shareholders, including Golden Gate Capital, Summit Partners, and Management will maintain control of the company. KED will have the right to appoint four of nine directors on the board of Infor’s parent company.
Morgan Stanley and Bank of America Merrill Lynch are serving as Infor’s lead financial advisors, and Gibson Dunn is serving as outside legal counsel.
