Infor, a leading provider of beautiful business applications specialized by industry and built for the cloud, has announced the completion of a previously announced investment of more than $2 billion in the company by an affiliate of Koch Equity Development LLC (“KED”), the investment and acquisition subsidiary of Koch Industries, Inc.
The investment is strong validation of Infor’s strategy and growth – a journey fueled by product investment, innovation, and an entrepreneurial culture – and provides Infor access to additional capital to accelerate innovation, expand distribution, and continue disrupting the enterprise applications industry.
Infor’s existing shareholders include Golden Gate Capital, Summit Partners, and Management.
Infor builds business software for specific industries in the cloud. With 15,000 employees and over 90,000 customers in more than 170 countries, Infor software is designed for progress.
Jones Day has advised Koch on the deal with a team led by Bryan Davis (picture), Bill Rowland, Tim FitzSimons and Dan Michaels.
Law Firms: Jones Day;
Clients: Koch Industries, Inc.;