CVC Capital Partners Fund IX managed by CVC Capital Partners plc (ENXTAM:CVC) entered into a definitive agreement to acquire an unknown stake in Epicor Software Corporation from Clayton, Dubilier & Rice, LLC on August 13, 2024. As per terms, CVC will each have equal number of Board seats, with Jeff Hawn continuing to serve as Chairman. Steve Murphy will continue in his role as CEO of Epicor.

The transaction is subject to customary closing conditions and is expected to close in Q4 2024. Barclays is serving as lead financial advisor, with Goldman Sachs & Co. LLC serving as financial advisor and Uri Herzberg, Kevin Schmidt, Brett Novick, Frank Mitchell, Scott Selinger, Lena Smith, Michael Bolotin, Henry Lebowit, Tim McIver and Rick Sofield of Debevoise & Plimpton is serving as legal advisors to CD&R and Epicor.

Jefferies LLC and Evercore are serving as financial advisors and White & Case is serving as legal advisor to CVC.