Business conglomerate Koch Industries has finalized its takeover of software firm Infor.
In a significant move, Koch Industries, Inc. has completed the acquisition of the remaining portion of Infor from Golden Gate Capital. The terms of the deal were not disclosed.
Infor, a global leader in business cloud software specialized by industry, has been a key customer of Infor, implementing Infor solutions across its businesses in areas like enterprise resource planning, human resources, supply chain, asset management, and finance.
Over the years, Infor has invested approximately $4 billion in product design and development to deliver industry-specific CloudSuites for over 68,000 customers worldwide. This investment has positioned Infor as one of the most well-capitalized companies in technology.
The acquisition brings new key capabilities to Koch to accelerate digital transformation. Infor's industry-leading Healthcare Operations Platform and Interoperability Solutions extend Koch's involvement in healthcare.
Jim Hannan, Executive Vice President and CEO of Enterprises for Koch Industries, expressed appreciation for Infor's unique approach and innovative team. He believes that this acquisition will further Koch's mission to combine and apply diverse technologies and scientific research to help industries innovate.
David Dominik, Co-Founder of Golden Gate Capital, expressed pride in founding and growing Infor into an industry leader. He thanked the Infor team for their dedication and hard work. Rishi Chandna, Golden Gate Capital Managing Director, expressed enjoyment of the partnership with Infor's management and Koch Industries.
Following the acquisition, Infor continues to operate under its current management team from its headquarters in New York City. The CEO of Infor after the acquisition by Koch Industries, Inc. is Kevin Samuelson.
Koch Industries has made over $26 billion in technology-related investments in the past six years. Jones Day served as legal advisor to Koch Industries, while Kirkland & Ellis LLP and Nob Hill Law Group, P.C. served as legal advisors to Golden Gate Capital.
Goldman Sachs & Co. LLC, Rothschild, Inc. and Citigroup Global Market, Inc. served as financial advisors to Koch Industries, and Morgan Stanley, BofA Securities and Credit Suisse served as financial advisors to Golden Gate Capital.
Jim Hannan, in closing, expressed his excitement about the future of Infor and its role in Koch Industries. He looks forward to working together to drive innovation and growth.
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