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Koch Industries finalises Infor acquisition, commences 'new era of growth'

Koch Industries has completed its acquisition of Infor from Golden Gate Capital, which will see the company’s product design and technology, 68,000 customers and 17,000 global employees under Koch Industries’ leadership.

Terms of the deal weren’t shared publicly. Infor will now be a standalone subsidiary of Koch Industries, and as such will continue to operate under the company’s management team from its New York City headquarters.

Koch states the acquisition was driven by a desire to develop its technology portfolio and aid in its digital transformation.

In fact, Infor has invested approximately US$4 billion in product design and development to deliver industry-specific CloudSuites that solve various operational issues.

According to a statement, Koch benefits from new capabilities in key industries such as healthcare. For example, Infor’s Healthcare Operations Platform and Interoperability Solutions extend Koch’s involvement in healthcare, where Koch companies currently offer connected device manufacturing, medical product purification, and hospital supplies.

Furthermore, Koch provides Infor with resources and knowledge to continue developing mission critical software for industries such as manufacturing, retail and distribution.

Over the past six years, Koch companies have invested more than US$26 billion into technology, strengthening its portfolio of businesses that span different industries and serve customers around the world.

Prior to the acquisition, Koch was an Infor customer, implementing solutions across its businesses in different areas including enterprise resource planning, human resources, supply chain, asset management and finance. Furthermore, in 2017 Koch became an investor in Infor.

Infor CEO Kevin Samuelson says, “Joining Koch Industries is an exciting new chapter in Infor's history. It allows us to take a long-term approach, focused on developing industry-specific solutions that help customers modernise and drive immediate, tangible impact.”

Koch Industries executive vice president and CEO of enterprises Jim Hannan says, “It’s been clear from day one that Infor's unique approach and innovative team are truly bringing value to the market.

“We want to thank Golden Gate Capital for such a productive partnership and welcome Infor's 17,000 global employees to Koch Industries.”

Golden Gate Capital co-founder David Dominik says, “We are proud to have founded and grown Infor into an industry leader over the past 18 years.”

Managing director Rishi Chandna added, “We have enjoyed our partnership with management and Koch Industries, and wish the Infor team well in the company’s next era of growth.”

Goldman Sachs & Co., Rothschild and Citigroup Global Market served as financial advisors to Koch, and Jones Day served as legal advisor to Koch.

Morgan Stanley, BofA Securities and Credit Suisse served as financial advisors to Golden Gate Capital, and Kirkland & Ellis and Nob Hill Law Group served as legal advisors to Golden Gate Capital.