LIVERMORE, Calif. Activant Solutions Inc. has entered into a definitive agreement to be acquired by funds advised by Apax Partners, one of the world’s leading private equity firms. Apax has a strong history of technology-specific investments. Activant is currently owned by investment funds affiliated with Hellman & Friedman LLC, Thoma Bravo, LLC and JMI Equity, and by management.
Apax also will acquire Epicor Software Corp., a provider of enterprise business software solutions for the mid-market and the divisions of global 1,000 companies. Apax intends to combine Activant with Epicor to create one of the largest global providers of enterprise applications focused on the manufacturing, distribution, services and retail sectors.