Jones Day is advising Koch Equity Development LLC, a subsidiary of Koch Industries, Inc., on the purchase of the remaining equity stake held by Golden Gate Capital in Infor, Inc.
Infor, a global leader in business cloud software specialized by industry, announced today that an affiliate of Koch Equity Development LLC, the investment and acquisition subsidiary of Koch Industries, Inc., has entered into a definitive agreement to acquire the remaining equity stake in Infor held by Golden Gate Capital. At the close of the transaction, Infor will become a standalone subsidiary of Koch Industries, and will continue to be operated by the company’s current management team from its headquarters in New York City.
The transaction is subject to customary conditions and regulatory approvals and is expected to close in the first half of 2020. Financial terms of the transaction were not disclosed.
In addition to being a key enterprise customer, Koch has been an investor in Infor since 2017: it invested $2 billion in Infor in February 2017.
The Jones Day team was led byBryan Davis (Picture) and included Patrick Baldwin, Stuart Ogg and Robert Graves.
Law Firms: Jones Day;
Clients: Koch Industries, Inc.;