Apax Partners Acquires Software Giants Epicor, Activant For Close To $2 Billion

Business software maker Epicor this morning announced that it has agreed to be acquired by private equity firm Apax Partners . The transaction is valued at approximately $976 million. In a separate announcement, Apax said it will also acquire Activant Solutions , a provider of business management software solutions that was controlled by investment funds affiliated with Hellman & Friedman, Thoma Bravo and JMI Equity. The combined transaction is valued at approximately $2 billion .